gm peugeot to build car in same spanish factory
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

GM, Peugeot to build car in same Spanish factory

Arab Today, arab today

Arab Today, arab today GM, Peugeot to build car in same Spanish factory

Paris - AFP

General Motors and PSA Peugeot Citroen announced Tuesday they would both build their next generation small people carriers in the same factory in Spain as part of the new strategic alliance between the US and French carmakers. GM, which is trying to turn around its loss-making European unit Opel, took a 7 percent stake in the struggling French carmaker last year and they identified a number of joint projects to reduce costs. Both will produce their small people carriers at a GM plant in Zaragoza, Spain, from late 2016. The facility already produces Opel's small people carrier, the Meriva. In a joint statement the companies said Opel will lead the engineering of the project while PSA Peugeot Citroen will supply powertrains. "The vehicles of both manufacturers will be highly differentiated and fully consistent with their respective brand characteristics," they said. The two groups are also working on a joint replacement for Opel's larger people carrier, the Zafira, plus Peugeot's crossover 3008. A third project aims to develop by 2017 new low-pollution models for the Opel, Peugeot and Citroen brands based on a platform from the French automaker. Both PSA Peugeot Citroen and Opel are burdened by too much production capacity as European sales have slumped to near 20-year lows, and each are closing one factory. The two have also launched a joint purchasing initiative and are working on developing small petrol motors together. They hope joint projects can lead to $2 billion (1.5 billion euros) in savings per year by 2016.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm peugeot to build car in same spanish factory gm peugeot to build car in same spanish factory

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm peugeot to build car in same spanish factory gm peugeot to build car in same spanish factory

 



GMT 06:51 2013 Monday ,16 September

Nissan to begin production in Myanmar

GMT 22:36 2016 Monday ,12 September

6 killed, 35 injured in airstrikes on Syria's Aleppo

GMT 10:59 2018 Wednesday ,17 October

Crown Prince denies knowledge of Khashoggi fate "Trump"

GMT 11:25 2017 Wednesday ,13 December

Nobel prize winner's book turned down

GMT 09:58 2017 Tuesday ,18 April

Why is Ahmadinejad coming back?

GMT 10:04 2016 Friday ,16 December

'Butcher' Assad must go

GMT 18:55 2017 Tuesday ,10 October

Wind farms in Atlantic could power the world: study

GMT 08:50 2017 Thursday ,20 April

urging court to toss Trump travel ban

GMT 17:36 2017 Thursday ,05 October

Tyson Fury 'will not apply' for new licence
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday