Apr 22, 2015 08:56 AM EDT

Peugeot, IBM agree to expanded 'connected car' partnership deal

PSA Peugeot Citroën, Europe's second largest carmaker, and computer services supplier IBM, said on Wednesday they agreed to a partnership deal for connected car services that go beyond current navigation and infotainment offerings.

Financial terms of the new, seven-year deal were not disclosed. The agreement to develop new types of valued-added services for vehicles builds on an initial partnership between the automaker and technology consultant announced a year ago.

The companies said in a joint statement they plan to develop services within vehicles, for drivers and passengers, as well as back-end applications that, for example, could perform preventive car maintenance and traffic management functions.

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