Emissions fines will create Chinese ‘Trojan Horse’, says Peugeot boss

Images of Peugeot 308

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 […]

PSA gets EU approval to buy Opel

PSA peugeot Citroen

French automaker PSA Groug secured genuine EU antitrust approval on Wednesday to obtain General Motors’ German unit Opel, a move which will assist it better rival with market leader Volkswagen. The European Commission stated the deal did not pose any rivalry issues. PSA, the maker of Peugeot and Citroen automobiles, has vowed to return Opel […]

Opel CEO Karl-Thomas Neumann to resign after sale to Peugeot

Karl-Thomas Neumann

The CEO General Motors’ European subsidiary Opel, Karl-Thomas Neumann, prepares to resign as GM prepares to sell the company to France’s PSA Group, Frankfurter Allgemeine Sonntagszeitung (FAS) reported on Saturday. Without mentioning its sources, the newspaper stated that while Neumann sees the sale to PSA as the best tactical action, he is concerned that the […]