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GM – Peugeot Announce “Broad-Scale” Alliance

Partners anticipate improved European competitiveness.

by on Feb.29, 2012

The new partnership brings "tremendous opportunity" for both companies says GM CEO Dan Akerson.

General Motors and PSA Peugeot Citroen have confirmed the creation of a “long-term and broad-scale” strategic alliance they expect to contribute to improved profitability and competitiveness, especially in the weak European market where both makers have been struggling.

As part of their new partnership GM will take a 7% equity stake in the French manufacturer, becoming the second-largest shareholder in PSA after the founding Peugeot family, which will continue to hold a one-third stake in the firm.


“This partnership brings tremendous opportunity for our two companies,” said Dan Akerson, GM CEO and Chairman. “The alliance synergies, in addition to our independent plans, position GM for long-term sustainable profitability in Europe.”


Peugeot Unveils World’s First Diesel Hybrid, Outlines Joint Venture with BMW

Partners will invest 100 million Euros and be in production by 2014.

by on Mar.02, 2011

Peugeot unveils the world's first diesel-electric, the 3008 Hybrid4, at the Geneva Motor Show.

There was electricity in the air at the Peugeot stand as the French maker used the Geneva Motor Show to introduce a variety of new hybrids and plug-ins – and outline its new battery car joint venture with Germany’s BMW.

Peugeot finally took the wraps off the look-awaited 3008 Hybrid4, the first diesel-electric vehicle in the world. This model will be available in a limited edition of 300 units, which will be ready to hit the market in the fall.

The 3008 Hybrid4 is equipped with a 163 horsepower 2.0-liter HDi diesel engine driving the front wheels. The electric motor adds another 37 hp, but creates a sort of through-the-road all-wheel-drive system by powering the rear wheels.

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This concept offers not only AWD, but also a maximum of 200 hp and the possibility to reach an average fuel consumption of 3.8 l/100 km – by European terms — or 62 mpg.

In 2012, Peugeot will also bring a Hybrid4 version of the larger 508 on the market. Meanwhile, the conventional versions of both the 508 and 308 will be getting the new stop/start technology which shuts the engine down, temporarily, instead of idling.