October 23, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    Peugeot e-208 GT

    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 […]

    Peugeot
    FCA Peugeot

    Fiat Chrysler to meet unions Friday to discuss merger deal with PSA

    Fiat Chrysler will meet Italian trade unions in Turin on Friday to talk about the details of a merger deal with French competitor PSA, the FIM-CISL union stated on Wednesday. Fiat Chrysler (FCA) and PSA confirmed on Wednesday they had agreed to a binding $50 billion merger to form the world’s fourth-largest automaker. FIM-CISL stated […]

    Fiat , Peugeot
    Fiat Chrysler Pacifica images

    Fiat Chrysler, Peugeot boards meet to finalize merger

    The boards of Fiat Chrysler Automobiles and Peugeot are going to meet separately on Tuesday to talk about the finalization of an initial agreement for a $50 billion merger which would create the world’s number four automaker, sources stated. A source close to FCA stated the two companies could declare the signing of a binding […]

    Chrysler , Peugeot

    Dongfeng Motor plans the partial sale of PSA stake

    China’s Dongfeng Motor will probably cut its stake in Peugeot owner PSA after hiring banks to review options, people knowledgeable with the matter stated, in a move that could ease the French automaker’s planned merger with Fiat Chrysler (FCA). Dongfeng owns a 12.2% equity stake in the French automaker and would have about half of […]

    Peugeot
    Changan automobile

    PSA to sell stake in smaller Chinese tie-up as sales decline

    Peugeot maker PSA Group stated it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner Chongqing Changan Automotive which is having a hard time with falling sales. The announcement in Paris on Thursday came after an indication from Changan in regulatory filings in November that it was looking for […]

    Peugeot
    Images of Peugeot Foodtruck concept

    White House to look at deal between Peugeot and Fiat Chrysler

    U.S. President Donald Trump’s administration will take a look at the planned merger between Fiat Chrysler and Peugeot owner PSA, White House economic adviser Larry Kudlow stated on Friday. The deal declared on Thursday, would create the fourth-largest automaker in the world. “We will obviously look at it very, very carefully,” Kudlow stated on Bloomberg. […]

    Chrysler
    peugeot 3008 images

    Peugeot says it can consider potential tie-ups after JLR report

    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 […]

    Land Rover , Peugeot
    PSA Group Peugeot Citroen images

    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
    Images of Peugeot 308

    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 […]

    Peugeot
    Images of Peugeot 308

    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
    PSA group logo

    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 […]

    Peugeot
    Images of Ambassador car brand

    Indian iconic Ambassador car brand sold to Peugeot for $12 million

    Among India’s the most iconic car brands has been offered by Hindustan Motors to the French automaker Peugeot for a $12 million (80 crore rupees), officials stated. The Ambassador car was one of the country’s most prestigious vehicles cherished by government ministers. However it has run out of production from 2014. It is unclear whether […]

    Asian

    Peugeot teases new concept for Beijing Motor Show debut, previews new design approach

    Peugeot has recently announced its plans to introduce a new concept at this year’s Beijing Motor Show to be held in China. In the teaser image it can be seen that the concept appears to be a curvy 2+2 coupe with a sloped roofline, large alloys, rear lip spoiler along with horizontal headlights and taillights. […]

    Peugeot

    Peugeot releases 208 T16 Pikes Peak

    Peugeot has released a time lapse video for the 208 T16 Pikes Peak which will compete on June 30 in Colorado in the United States. The racer car is comes fitted with a twin-turbo V6 3.2-liter engine which can generate an output of 875 hp (652 kW). The engine is linked to a six-speed sequential […]

    Peugeot , Press Releases

    Peugeot will double 2008 production to meet strong demand

    Peugeot is recently made an announcement that the production of the 2008 will be doubled in order to meet a very strong demand for the attractive crossover. The 2008 is manufactured at PSA’s factory in Mulhouse in eastern France where currently 5,000 units are being made each month. Peugeot’s chief Maxime Picat stated that the […]

    Peugeot

    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.