Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Companies / Peugeot inks 3D printing deal aimed at cutting car costs
BackBack

Peugeot inks 3D printing deal aimed at cutting car costs

The maker of Peugeot, Citroen and DS cars said it had agreed with Los Angeles-based Divergent 3D to develop metal printing processes for PSA production lines

French carmaker PSA said on Thursday a partnership with a US 3D printing start-up would lead to cheaper production of whole vehicle structures as well as parts for its models. Photo: ReutersPremium
French carmaker PSA said on Thursday a partnership with a US 3D printing start-up would lead to cheaper production of whole vehicle structures as well as parts for its models. Photo: Reuters

Paris: French carmaker PSA said on Thursday a partnership with a US 3D printing start-up would lead to cheaper production of whole vehicle structures as well as parts for its models.

The maker of Peugeot, Citroen and DS cars said it had agreed with Los Angeles-based Divergent 3D to develop metal printing processes for PSA production lines.

Carlos Tavares, PSA’s chief executive, said this could “dramatically scale down the size and scope of our manufacturing footprint" and yield lighter, more profitable vehicles. The carmaker did not quantify any impact on production jobs.

Industries from aerospace to healthcare use 3D printing for the production of metal and plastic components, while elaborate assemblies with moving parts often prove more difficult. Ford is among other carmakers exploring the technology.

Divergent says it has developed “a software-hardware platform enabled by 3D printing that radically transforms the economics and environmental impact of designing and manufacturing complex structures such as cars".

Under Tavares, PSA has been slashing production costs and outsourcing more vehicle development to firms such as Altran, which runs a research centre in Morocco. The French engineering services group last week said it had bought an unspecified stake in Divergent.

PSA said the Divergent partnership would begin by making prototypes, most likely at its Velizy research centre near Paris, before moving on to car parts for assembly lines and eventually “overall vehicle structures".

No dates or financial terms were disclosed for the deal, which is not yet binding. Reuters

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 15 Sep 2016, 04:29 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App