Regulatory News :

PSA Peugeot Citroën (PSA) (Paris:UG) and General Motors (GM) are announcing today, that as part of their existing alliance agreement, the next generation small light commercial vehicles (B-LCV) from both companies will be built in the PSA plant in Vigo, Spain.

The vehicles will replace the Citroën Berlingo, Peugeot Partner and Opel/Vauxhall Combo. They will be developed on PSA’s latest LCV architecture. The first vehicles will be on the market in 2018.

The alliance between PSA and GM is based on a balanced approach. The vehicles of both manufacturers will be differentiated and consistent with their respective brand appearance.

This program is the third out of three joint projects, which was signed by both partners in an agreement in December 2013. The other projects include the production of B-MPV (B-segment multi-purpose vehicle) in the GM plant in Zaragoza, Spain and C-CUV (C-segment crossover utility vehicles) in the PSA plant in Sochaux, France.

About General MotorsGeneral Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM’s brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Daewoo, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

About PSA Peugeot CitroënWith its three world-renowned brands, Peugeot, Citroën and DS, PSA Peugeot Citroën sold 3 million vehicles worldwide in 2014. The second largest carmaker in Europe, PSA Peugeot Citroën recorded sales and revenue of €54 billion in 2014. The Group confirms its position of European leader in terms of CO2 emissions, with an average of 110.3 grams of CO2/km in 2014. PSA Peugeot Citroën has sales operations in 160 countries. It is also involved in financing activities (Banque PSA Finance) and automotive equipment (Faurecia).For more information, please visit www.psa-peugeot-citroen.com

PSA Peugeot Citroën :+331 40 66 42 00orOpel+49-6142- 7-73589

United Guardian (NASDAQ:UG)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more United Guardian Charts.
United Guardian (NASDAQ:UG)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more United Guardian Charts.