PSA Group stated on Thursday it was ready to think about potential tie-ups, after the French automaker’s shares briefly increased on a report that it was in advanced discussions with Tata Motors to acquire UK-based Jaguar Land Rover (JLR). The Peugeot maker refused to discuss a report by British news agency The Press Association that […]
Peugeot
PSA launches Citroen C5 Aircross SUV in India
PSA Group on Wednesday introduced its Citroen C5 Aircross SUV in India and said it would be available before the end of 2020, as the French carmaker re-enters the Indian market to expand beyond Europe. The SUV is the first product from the Citroen brand motivated at the Indian market and the company strategies one […]
Europe’s CO2 cuts will threaten jobs, says PSA CEO
The EU’s plans to cut carbon dioxide (CO2) emissions from vehicles and push automakers to go electric will risk 13 million jobs in Europe’s auto industry and benefit Asia, the CEO of French automaker PSA informed Le Figaro. The European Parliament and EU countries struck an agreement in December to slash emissions from cars by […]
PSA selects Peugeot for U.S. return as rides record profit
PSA Group’s Peugeot lineup will lead a comeback to the United States after an absence of nearly three decades, as the French automaker seeks to expand beyond Europe. Paris-based PSA is also going to launch the Citroen brand in India and revive Opel sales in Russia as it looks for a 50 percent group sales […]
PSA thinks about producing Opel cars in Russia
French automaker PSA Group may start assembling Opel cars at its Russian plant located in Kaluga, the company stated on Tuesday, as it reintroduces the brand to the nation. As part of a strategy to address its dependency on Europe, PSA stated before that it would also introduce its Peugeot brand in the U.S. and […]
Peugeot to release a 100 percent electric and zero-emission car
Peugeot is the most recent major automaker to make a move in the electric vehicle sector. French automaker Peugeot has announced information about a 100 percent electric and zero emission car. In a statement Monday, Peugeot stated that the new car would be released in late summer this year and was the first in a […]
Peugeot open to new deals as turnaround attracts attention
French automaker PSA Group is open to new industry tie-ups and is drawing attention from rivals after its lightning turnaround and quick progress in restructuring recently acquired Opel, Chief Executive Carlos Tavares stated. The maker of Peugeot cars, which came close to bankruptcy in 2013-14, has recovered under Tavares to record levels of success. The […]
Peugeot’s DS brand adds mini-SUV to strengthen rebounding sales
French automaker PSA Group revealed an SUV version of its DS3 upscale mini as it develops on a sales rebound underway at the eight-year-old premium DS brand. The DS3 Crossback brings a long-overdue upgrade to the top-selling DS model, with that the Peugeot maker released the lineup in 2010, at first under the Citroen badge. […]
Opel to slow production at two German sites
Automaker Opel, a unit of PSA Group, prepares to slow production at two German sites after the summer to help slash costs in response to reduction in sales, local newspaper Allgemeine Zeitung reported on Friday. The company will trim production from 55 to 42 vehicles on hourly basis at its Ruesselsheim plant and from 37 […]
PSA looks forward to partial sale of Opel R&D unit
PSA is seeking to sell part of the research and development arm of its Opel affiliate as it makes efforts to revive profitability to the loss-making unit, Le Monde newspaper reported on Tuesday. The newspaper stated PSA and Opel had already sounded automobile engineering companies over the last few months so that they can submit […]
PSA hopes EU will take common stand regarding Iran
French automaker and Peugeot-manufacturer PSA stated on Wednesday that it hoped the European Union would embrace a common stand on Iran, following U.S President Donald Trump’s decision to pull the U.S. out of a worldwide nuclear deal with Iran. “Like other economic players, we are following the evolution of the matter, and are also adhering […]
German state ready to offer help to Opel
The German state of Thuringia is ready to offer help to automaker Opel for keeping the region’s Eisenach plant open, state premier Bodo Ramelow informed Reuters on Monday. The state could help with energy expenses and property, he stated, but also said that it would only provide assistance if wage bargaining parties returned to the […]
Emissions fines will create Chinese ‘Trojan Horse’, says Peugeot boss
A major European automaker could be brought “to its knees” by carbon dioxide emissions fines, permitting a Chinese purchaser to intervene with its own electric vehicle technology, Peugeot maker PSA Group’s chief executive said. Carlos Tavares, who chairs European auto industry lobby group ACEA, stated that policymakers had failed to expect this outcome of the […]
Peugeot CEO outlines aspiring strategy to re-enter U.S. and go electric
Peugeot SA CEO Carlos Tavares stated on Wednesday the automaker is using the knowledge of former Opel engineers obtained from General Motors to develop automobiles to return to the U.S. market, and stated Peugeot will provide electrification as a choice on all its vehicles by 2025. Tavares used a speech at the Automotive News World […]
PSA Group and Nidec Corp to establish electric motor venture
Peugeot maker PSA Group and Japan’s Nidec Corp stated they will invest 200 million euros ($237.18 million) in a joint venture to establish and produce electric car motors in France. The goal of the joint venture is to make high-performance “electric traction motor” for PSA Group and possibly other automobile makers. Nidec Corp will act […]
