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GM, Peugeot aim high for 2013

2013-01-11 09:58

BIG PARTNERSHIP: GM and Peugeot have three specific targets set as part of their new joint project.

PARIS, France - General Motors and France's Peugeot Citroen have set a production target of more than two-million cars a year under joint projects unveiled in December 2012.

The two auto giants announced in February 2012 that they would work together and in December 2012 they announced three specific projects.

The first is for a monospace/crossover to replace the Zafira made by GM's German unit Opel and the Peugeot 3008. A union source said some 220 000 of these vehicles, to be built on a new PSA Peugeot Citroen platform, could be built per year beginning as soon as 2016.

MODERNISED PLATFORM

The second programme is for a small monospace vehicle for the two groups which, the union official said, could start production in 2016 and reach 190 000 units a year.

The third project is for the joint development of a modernised platform for small, low-emissions, cars. The union source said the companies hoped that eventually 1.6-million vehicles a year could be built on this platform.

Peugeot, whose auto-financing arm was bailed out by the French government in 2012, announced early in January 2012 that its sales plunged 16.5% in 2012 to less than three-million vehicles due to the eurozone debt crisis.

General Motors is well on the way to recovery from a state financial rescue and radical cutbacks when the US car industry fell into distress after the financial crisis but its German unit Opel has been suffering in recent years.

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