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Fiat Chrysler, Peugeot Get Green Light For $52 Billion Carmaker
- Tuesday January 5, 2021
- Written by Reuters
Stellantis will have 14 brands, from FCA's Fiat, Maserati and U.S.-focused Jeep, Dodge and Ram to PSA's traditionally Europe-focused Peugeot, Citroen, Opel and DS.
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www.carandbike.com
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Peugeot Maker PSA Says It's Prepared For The Plunge In Car Demand
- Wednesday April 22, 2020
- Reuters
PSA has enough funds to cope with a halving in auto industry sales this year, the French carmaker said on Tuesday as it warned of a plunge in demand due to the coronavirus pandemic and said it would try to avoid tapping state aid if possible.
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www.carandbike.com
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Peugeot Maker PSA's Revenue, Profits Rise In 2019
- Wednesday February 26, 2020
- Reuters
PSA said group revenue came in at 74.7 billion euros ($81.2 billion), up 1% from a year earlier and slightly above the average of 74.2 billion euros seen in a Refinitiv poll of analysts. Operating margins reached a record 8.5%.
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www.carandbike.com
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Peugeot To Repatriate Staff From China's Wuhan Area After Coronavirus Outbreak
- Sunday January 26, 2020
- Reuters
French automotive group PSA, maker of the Peugeot and Citroen brands, said in a statement it will repatriate expat staff and their families from the Wuhan area in China, which is at the centre of an outbreak of coronavirus.
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www.carandbike.com
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China's Dongfeng Plans Partial Sale Of PSA Stake: Report
- Saturday December 7, 2019
- Reuters
China's Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker's planned merger with Fiat Chrysler (FCA).
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www.carandbike.com
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SUV Demand Helps PSA Group Counter Auto Market Gloom
- Wednesday October 23, 2019
- Reuters
PSA Group reported a rise in third-quarter revenue on Wednesday on strong demand for its pricier SUV models, but the French carmaker said overall vehicle sales fell, and it lowered outlook for major auto markets.
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www.carandbike.com
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Peugeot, Dongfeng Agree To Restructuring Plan For Chinese Venture
- Friday September 6, 2019
- Written by Reuters
Peugeot automaker PSA Group and its Chinese partner Dongfeng Group have hammered out a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025, PSA said on Thursday.
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www.carandbike.com
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PSA, Dongfeng To Drop 2 China Auto Plants, Halve Workforce
- Saturday August 10, 2019
- Written by Reuters
in China and drop two of their four shared assembly plants, according to a document seen by Reuters, in a last-ditch bid to curb mounting losses as the world's largest auto market loses steam. Dongfeng Peugeot Citroen Automobiles (DPCA), the carmakers' joint venture based in Wuhan, central China, will halve its workforce to 4,000 as it closes one p...
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www.carandbike.com
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PSA's Revenue Hit By Overseas Decline, Iran Withdrawal
- Thursday April 25, 2019
- Reported by Shubham Parashar
While the Opel deal has bolstered PSA's European position, overseas sales have suffered from a sustained collapse at its Chinese joint ventures and have been compounded by the carmaker's withdrawal from Iran last year.
-
www.carandbike.com
-
Fiat Chrysler, Peugeot Get Green Light For $52 Billion Carmaker
- Tuesday January 5, 2021
- Written by Reuters
Stellantis will have 14 brands, from FCA's Fiat, Maserati and U.S.-focused Jeep, Dodge and Ram to PSA's traditionally Europe-focused Peugeot, Citroen, Opel and DS.
-
www.carandbike.com
-
Peugeot Maker PSA Says It's Prepared For The Plunge In Car Demand
- Wednesday April 22, 2020
- Reuters
PSA has enough funds to cope with a halving in auto industry sales this year, the French carmaker said on Tuesday as it warned of a plunge in demand due to the coronavirus pandemic and said it would try to avoid tapping state aid if possible.
-
www.carandbike.com
-
Peugeot Maker PSA's Revenue, Profits Rise In 2019
- Wednesday February 26, 2020
- Reuters
PSA said group revenue came in at 74.7 billion euros ($81.2 billion), up 1% from a year earlier and slightly above the average of 74.2 billion euros seen in a Refinitiv poll of analysts. Operating margins reached a record 8.5%.
-
www.carandbike.com
-
Peugeot To Repatriate Staff From China's Wuhan Area After Coronavirus Outbreak
- Sunday January 26, 2020
- Reuters
French automotive group PSA, maker of the Peugeot and Citroen brands, said in a statement it will repatriate expat staff and their families from the Wuhan area in China, which is at the centre of an outbreak of coronavirus.
-
www.carandbike.com
-
China's Dongfeng Plans Partial Sale Of PSA Stake: Report
- Saturday December 7, 2019
- Reuters
China's Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker's planned merger with Fiat Chrysler (FCA).
-
www.carandbike.com
-
SUV Demand Helps PSA Group Counter Auto Market Gloom
- Wednesday October 23, 2019
- Reuters
PSA Group reported a rise in third-quarter revenue on Wednesday on strong demand for its pricier SUV models, but the French carmaker said overall vehicle sales fell, and it lowered outlook for major auto markets.
-
www.carandbike.com
-
Peugeot, Dongfeng Agree To Restructuring Plan For Chinese Venture
- Friday September 6, 2019
- Written by Reuters
Peugeot automaker PSA Group and its Chinese partner Dongfeng Group have hammered out a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025, PSA said on Thursday.
-
www.carandbike.com
-
PSA, Dongfeng To Drop 2 China Auto Plants, Halve Workforce
- Saturday August 10, 2019
- Written by Reuters
in China and drop two of their four shared assembly plants, according to a document seen by Reuters, in a last-ditch bid to curb mounting losses as the world's largest auto market loses steam. Dongfeng Peugeot Citroen Automobiles (DPCA), the carmakers' joint venture based in Wuhan, central China, will halve its workforce to 4,000 as it closes one p...
-
www.carandbike.com
-
PSA's Revenue Hit By Overseas Decline, Iran Withdrawal
- Thursday April 25, 2019
- Reported by Shubham Parashar
While the Opel deal has bolstered PSA's European position, overseas sales have suffered from a sustained collapse at its Chinese joint ventures and have been compounded by the carmaker's withdrawal from Iran last year.
-
www.carandbike.com