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Europe,
GM,
Earnings/Financials,
Opel,
Peugeot,
Citro?«n
The
relationship between General Motors and PSA/Peugeot Citroën got off to a
bumpy start last year, and
Automotive News says that the tie-up between the two automakers will be short-lived. Heavy losses from both companies is causing the alliance to be scaled back, but PSA's talks with China's
Dongfeng could kill the deal altogether.
Originally, about 40 shared vehicles were planned between
Opel,
Peugeot and
Citroën, but the report says that, in the end, only two will make it to production - small vans like the
Opel Meriva and Citroën C4 Picasso. For now,
GM and
PSA will continue a joint purchasing agreement, but this means that co-developed versions of the next-gen
Opel Corsa,
Peugeot 208 and
Citroën C3 small cars are dead. Instead, another AN report says that GM will intensify its efforts to develop future Opel products on its own, which includes said next-gen Corsa that will reportedly switch from its current
Fiat-based platform to GM's Global Gamma platform shared with the
Chevy Spark and
Buick Encore.
It isn't clear what would happen with the shared vehicles and joint purchasing, though, if
Dongfeng manages to acquire a 30-percent stake in PSA/Peugeot Citroën. Dongfeng is a Chinese rival to
SAIC Motor, which works with GM in China. While this soured deal mostly has implications for small cars in Europe, we wonder what it means for GM's
fullsize commercial van plans in the US.
GM, Peugeot strains kill joint small car, possibly whole alliance originally appeared on
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27-10-2013, 06:10 PM
