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
- Published in Peugeot
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.
- Published in Peugeot
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
- Published in Peugeot
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
- Published in Peugeot
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
- Published in Peugeot
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
- Published in Peugeot
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
- Published in Peugeot
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
- Published in Peugeot
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
- Published in Peugeot
PSA asks Opel refund from General Motors over CO2 emissions
Peugeot maker PSA Group, who paid General Motors 1.3 billion euros for Opel, now seeks about half of that cash back after finding the whole level of its CO2 emissions difficulties and exposure to European fines, sources informed Reuters. PSA had finished the acquisition in July. PSA stated previously this month it will have to
- Published in General Motors, Peugeot
Peugeot boosts Chinese petrol engine deliveries amid diesel decline
French automaker PSA Group is increasing deliveries of Chinese-made gasoline engines to Europe as it adapts to a customer shift away from diesel, Les Echos reported on Monday. The maker of Peugeot and Citroen vehicles now expects to source 100,000 gasoline engines from Chinese plants, a boost on the 55,000 it had previously planned to
- Published in Peugeot
PSA to use Opel site in Slovakia to assemble engines
Peugeot-owner PSA will use a present Opel site in eastern Europe to assemble 200,000 petrol engines in place of developing new capacity on its own site located in Slovakia as initially planned, Les Echos papers stated. A representative for PSA refused to talk about whether the engines would be assembled at an Opel site, although
- Published in Peugeot
PSA to reportedly cut Opel models and check discounts
PSA Group prepares to cut numerous models and curb discounts at its Opel division, Frankfurter Allgemeine Zeitung reported on Monday, without pointing out the source of the details. The automaker is in the process of incorporating Opel after buying it previously this year from General Motors, a project which experts say will result in sweeping
- Published in Peugeot
Peugeot lifts sales on Opel deal, stumbles in China
PSA Group’s quarterly income increased by nearly a third, the maker of Peugeot and Citroen cars stated on Wednesday, as it added Opel-Vauxhall sales estimates for the first time. The company’s performance was likewise helped by sales growth in Europe and Latin America in the 3 months ended September 30, however the automaker lost more
- Published in Peugeot
Ford, PSA led European vehicle sales dropped in September
French automaker PSA Group and U.S. rival Ford led a 2 percent drop in European car sales previous month, according to industry data released on Tuesday. September registrations dropped to combined 1.466 million cars in the European Union and European Free Trade Area (EFTA), the Brussels-based Association of European carmakers stated. Combined sales of PSA