FORD AND PSA PEUGEOT CITROËN DIESEL ENGINE COOPERATION UPDATE
Paris, April 5, 2012 – Ford and PSA Peugeot Citroën today provided an update on their diesel engine cooperation, which has enabled the production of more than 20 million engines in two displacement families (1.4-litre to 1.6-litre, and 2.0-litre and above) over the past 12 years.
Concerning the second engine family, the two companies have decided to independently develop and manufacture their larger diesel engines (2.0-litre and above) to meet their future needs as well as new regulations. This decision has no impact on the current production of the existing jointly-developed engines, or the derivatives planned for Euro 6 emissions legislation which comes into effect from 2014. The decision will only affect as a first step commercial vehicles from mid-decade.
# # #
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 164,000 employees and about 70 plants worldwide, the company’s automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide, please visit http://corporate.ford.com.
Ford of Europe is responsible for producing, selling and servicing Ford brand vehicles in 50 individual markets, and employs approximately 66,000 employees. In addition to Ford Motor Credit Company, Ford of Europe operations include Ford Customer Service Division and 22 manufacturing facilities, including joint ventures. The first Ford cars were shipped to Europe in 1903 – the same year Ford Motor Company was founded. European production started in 1911.
PSA Peugeot Citroën
With its two world-renowned brands, Peugeot and Citroën, the Group sold 3.5 million vehicles worldwide in 2011, out of which 42% outside Europe. As Europe’s second largest carmaker, it recorded sales and revenue of more than €59.9 billion in 2011. PSA Peugeot Citroën has sales offices in 160 countries. In 2011, the Group dedicated more than €2 billion to research and development, especially in new energy vehicles. Its activities also include financing activities (Banque PSA Finance), logistics (Gefco) and automotive equipment (Faurecia). For more information go to http://www.psa-peugeot-citroen.com