EU antitrust regulators have suspended their investigation into Fiat Chrysler and Peugeot maker PSA’s proposed merger while waiting for the automakers to provide requested data. “This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them,” the […]
Peugeot
Vauxhall announces price and features for all-electric Vivaro-E
Vauxhall has released pricing and specification for the Vivaro-e, its first factory-built, fully-electric van, set to launch in the market as more cities of the UK are welcoming and mandating emissions-free vehicles. Vivaro-e is available to order now with first deliveries taking place in October. British Gas has already declared that is has ordered 1,000 […]
EU antitrust extend Fiat, Peugeot investigation to November 13
EU antitrust regulators have extended their investigation into Fiat Chrysler Automobiles (FCA) and Peugeot maker PSA’s proposed $50 billion merger to November 13, the European Commission said on Tuesday. “The Commission extended the deadline in agreement with the parties,” according to a spokeswoman for the EU competition enforcer. The Commission started a four-month-long probe last […]
Merger with FCA among the best solutions to cope with crisis, says Peugeot CEO
PSA CEO Carlos Tavares is sure that a $50 billion merger of the owner of Peugeot vehicles with Fiat Chrysler Automobiles (FCA) will proceed as planned and deliver synergies of no less than 3.7 billion euros ($4.2 billion). The deal to form the world’s fourth-largest automaker has become even more important because of the impact […]
Peugeot’s award-winning light commercial vehicle range now available to book online
Peugeot’s award-winning light commercial vehicle (LCV) range is now available for booking online through Peugeot Buy Online. Customers can speak to a Brand Specialist from online portals, configure and reserve their vehicle with a deposit of only $316, all from the comfort of their home. The Peugeot team will then liaise with customers to finalize […]
Fiat, PSA to face EU antitrust probe with relation to $50 billion merger
Fiat Chrysler Automobiles (FCA) and Peugeot maker PSA a lengthy EU antitrust investigation after refusing to offer concessions to allay EU antitrust concerns about their $50 billion merger, people knowledgeable with the matter said on Wednesday. Fiat and PSA, which are seeking to form the world’s fourth-biggest automaker, were informed last week that their combined […]
PSA to produce surgical masks at Mulhouse site in France
French automaker PSA said on Thursday that it would start producing surgical masks at its site in Mulhouse, located in eastern France from August. The automaker said it would have a production capacity in the country of 10 million masks per month. The training of teams committed to this project will be organized from June […]
Fiat-Peugeot merger deal in spotlight after Exor setbacks
Fiat Chrysler’s decision to scrap its dividend has set another setback for plans by the Agnelli family’s Exor arm to raise cash following a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler and Peugeot owner PSA which have agreed a tie-up to form the world’s fourth largest automaker, stated on […]
EU regulators to decide on $50 billion Fiat and Peugeot deal by June 17
EU antitrust regulators will make a decision by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA’s $50 billion merger, according to a European Commission filing on Monday. The companies declared the deal to form the world’s fourth biggest automaker in December, putting under one roof the Italian company’s brands including Fiat, Jeep, […]
PSA to resume production in France over this week
Peugeot owner PSA is among many automakers around the world to have been hit hard by the coronavirus. The French automaker said on Monday that it would gradually resume production at sites over the course of this week. PSA said a first wave in the partial resumption in industrial activity would occur between May 4 […]
Peugeot maker PSA says demand to drop significantly
French automaker PSA on Tuesday warned of significant drop in demand for the sector this year after publishing a 15.6% fall in first-quarter sales but maintained its mid-term operating margin goal. The owner of auto brands such as Peugeot, Citroen, DS, Opel and Vauxhall is working through a merger with Italy’s Fiat Chrysler but like others […]
PSA sets up fund for staff, health check measures due to coronavirus
French automaker and Peugeot owner PSA stated on Wednesday the creation of a solidarity fund to assist workers affected by the closures of plants because of the coronavirus outbreak, and new steps to protect the health of its workers. PSA stated it was forming the fund, ensuring the full compensation to every employee working in […]
Fiat Chrysler, Peugeot seek to raise cash before merger
With their sales hit by the coronavirus outbreak, automakers Fiat Chrysler and Peugeot’s owner PSA have delayed their shareholder meetings and are looking at ways to increase cash reserves ahead of their planned merger. The two automakers have turned to their banks to secure much required cash, and Fiat Chrysler (FCA) is looking at debt […]
French car registrations declined by 72% in March due to coronavirus
French car registrations dropped by over 72% in March because of the coronavirus outbreak and lockdown ordered by officials to fight the epidemic spread, France’s car industry association CCFA stated on Wednesday. Car registrations dropped by 73.43 percent last month at French automaker PSA which makes the Peugeot and Citroen brands. Car registrations at Renault dropped 71.60 […]
Fiat Chrysler does not see delay in PSA merger, says FIOM union
Fiat Chrysler did not made mention of any possible delay in the merger process with PSA during a call with unions on Tuesday, metal workers’ union FIOM stated. “No delay on the merger with PSA was mentioned to us,” FIOM representative Michele De Palma informed Reuters, correcting a previous FIOM statement which said a delay […]
