// IP Marketing video - START// IP Marketing video - END

Peugeot Citroen, GM unveil first joint-venture vehicles

Peugeot Citroen, GM unveil first joint-venture vehicles

PanARMENIAN.Net - PSA Peugeot Citroen and GM have unveiled the first vehicles they will develop together as part of a joint venture they hope will reduce costs and re-energize their businesses.

According to The Associated Press, the French and American automakers said Thursday, Dec 20, that they plan to share development for three kinds of cars: a small family van, a small multi-purpose van and a low-emissions vehicle.

The two companies inked an alliance earlier this year that included GM taking a 7 percent stake in Peugeot. The cost-saving alliance is part of efforts to turn around their businesses in Europe.

Peugeot and Citroen are also looking at jointly building a high-performance, energy-efficient engine and expansion into Latin American markets. But they put on hold plans for a mid-size vehicle.

 Top stories
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
The government has made a decision to allocate to Sastex the building of the former regional hospital and the adjacent areas.
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
Partner news