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GM, Peugeot Join to See Sales of 2 Million Cars a Year

Jan. 11, 2013
The three projects include a replacement new models as well as platform for small, low-emission cars.

PARIS -- Under the joint projects they unveiled last month, General Motors (IW 500/4) and  PSA Peugeot Citroen (IW 1000/47) are targeting manufacturing more than 2 million cars per, a union source said Thursday.

The two auto giants announced last February that they would work together and last month 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.

The 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 in 2016.

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

The third project is for joint development of a modernized platform for small, low-emission cars.

The union source said the companies hope that eventually 1.6 million vehicles per year could be built from this platform.

Peugeot, whose auto-financing arm was bailed out by the French government last year, announced this week that its sales plunged by 16.5% in 2012 to under three million vehicles due to the eurozone debt crisis.

General Motors  is well on the way to recovery, but its German unit Opel has been suffering in recent years.

Copyright Agence France-Presse, 2013

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