Arab Today, arab today gm peugeot seek sales of 2m cars a year in joint projects
Last Updated : GMT 19:43:56
Arab Today, arab today
Arab Today, arab today

GM, Peugeot seek sales of 2m cars a year in joint projects

Arab Today, arab today

Arab Today, arab today GM, Peugeot seek sales of 2m cars a year in joint projects

Paris - AFP

General Motors and France\'s PSA Peugeot Citroen are targeting manufacturing more than 2 million cars per year under the joint projects they unveiled last month, a union source said Thursday. The two auto giants announced last February that they would work together and last month they announced three specific projects. The first is for a monospace/crossover to replace the Zafira made by GM\'s German unit Opel and the Peugeot 3008. The union source said some 220,000 of these vehicles, to be built on a new PSA Peugeot Citroen platform, could be built per year beginning as soon as in 2016. The second programme is for a small monospace vehicle for the two groups, which the union official said production could also begin in 2016 and reach 190,000 units per year. The third project is for joint development of a modernised platform for small, low-emission cars. The union source said the companies hope that eventually 1.6 million vehicles per year could be built from this platform. Peugeot, whose auto-financing arm was bailed out by the French government last year, announced this week that its sales plunged by 16.5 percent in 2012 to under three million vehicles due to the eurozone debt crisis. General Motors of the United States is well on the way to recovery from a state rescue and radical cutbacks when the US car industry fell into distress after the financial crisis, but its German unit Opel has been suffering in recent years.

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*

Arab Today, arab today gm peugeot seek sales of 2m cars a year in joint projects Arab Today, arab today gm peugeot seek sales of 2m cars a year in joint projects

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday