GM and PSA Sign Joint Venture Agreement to Co-Develop Platforms

General MotorsGMUnited States of America, 1998 > present8 models
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and PSA PeugeotPeugeotFrance, 1882 > present120 models
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-CitroënCitroënFrance, 1919 > present94 models
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have finally agreed to a joint venture, but it is less broad than originally planned. The two companies will co-develop three new vehicles.

The three new platforms will be an MPV for OpelOpelGermany, 1863 > present85 models
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/VauxhallVauxhallUnited Kingdom, 1857 > present31 models
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, presumably the new MerivaOpel Meriva Gen.2Germany, 2010 > present48 versions
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, and a crossover for Peugeot. The second is a B-Segment MPV for GM and PSA, and the third will be a low CO2 B-segment platform for Opel/Vauxhall and a next generation PSA vehicle for Europe. 

The first of these cars will hit the market in 2016.

They will also create a family of small-displacement gas engines based on PSA's EB engine, which is the three-cylinder used in the 208Peugeot 208 Gen.1France, 2012 > present103 versions
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.

Finally, they will investigate creating a C-segment MPV and crossover for Latin America. 

In a separate agreement, GM and PSA will begin purchasing components together in a new joint venture, but this is still subject to anti-trust approval in Europe