The joint venture will create a replacement for the Opel Meriva and Citroen C3 Picasso.

Last year PSA Peugeot Citroën and General Motors announced the intention to broaden their collaboration and now the companies are sharing more detail about the products to be born from that marriage.

The latest announcement concerns a pair of B-segment MPVs that will be built in Zaragoza, Spain, from late 2016. The safest assumption is that the models will replace the existing Opel Meriva and Citroën C3 Picasso.

While the Opel engineering team in Russelsheim will lead the engineering execution of the joint project, the platform and engines will come from the Peugeot stable.

Yet the two companies are at least smart enough to avoid the foibles of badge engineering, thus the products will reportedly be "highly differentiated" and "fully consistent with their respective brand characteristics".

This will be one of three projects being worked on by PSA and GM, including the C-segment project that will underpin the Opel Zafira and Peugeot 3008 replacements.

The joint ventures will help both companies to save costs to ensure survival in today's tough European trading environment. Sharing is caring, after all.