Peugeot, GM Joint Programs to use French co's Technology
By Laurence Frost and Gilles Guillaume
Jan 24, 2013 08:00 AM EST
Regions
The U.S. Treasury plans to sell its stake in General Motors Co. over the coming year, all but assuring a multibillion-dollar loss in a move that will end the automaker's "Government Motors" era. (Photo : Reuters)
General Motors and alliance partner PSA Peugeot Citroen will build all three planned joint vehicle programmes on the French automaker's technological platforms, the companies said on Thursday.
Peugeot Chief Executive Philippe Varin and GM's Opel Chairman Steve Girsky, who last year unveiled a broad-based partnership to share development costs and cut European losses, presented more details of their plans at a press conference in Brussels.
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