The Peugeot family, which is set to own a 6.2% stake in the new automaker resulting from PSA and Fiat Chrysler’s merger, aims to boost its holding as soon as possible, a representative stated in an interview. PSA and Fiat Chrysler agreed to a binding agreement earlier month on a $50 billion tie-up that will […]
PSA
Renault hires former PSA research chief Gilles Le Borgne
French automaker Renault has appointed Gilles Le Borgne as executive vice-president engineering and a member of the Group Executive Committee (CEG), effective on 6 January, the company has stated in a release. Gilles Le Borgne will report to Clotilde Delbos, the Chief Executive Officer of the group for an interim period. He will take the position of Gaspar Gascon […]
Dongfeng and PSA extend their joint venture
China’s Dongfeng Motor and Peugeot maker PSA are extending their business cooperation, regarding the Chinese company decreasing its stake in PSA to help smooth the French automaker’s merger with Fiat Chrysler Automobiles (FCA). Dongfeng stated on Thursday it had agreed with PSA to increase the duration of their joint venture Dongfeng Peugeot Citroen Automobiles (DPCA). […]
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 […]
UAW members recommend approval of Fiat Chrysler labor deal
Union members of United Auto Workers from Fiat Chrysler Automobiles NV’s U.S. plants on Wednesday recommended authorization of a tentative labor agreement that would permit the Italian-American automaker to prevent a strike as it collaborates to merge with France’s Groupe PSA. Fiat Chrysler (FCA) and PSA, the innovator of Peugeot and Citroen, in October declared […]
European factories at danger in Peugeot-Fiat merger
Fiat Chrysler and Peugeot owner PSA’s vow not to shut down factories if they merge is probably to come under heavy strain as the combined group would have spare production ability of almost six million vehicles in a slowing automobile market. The companies last week revealed strategies to create a $50 billion group that would […]
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. […]
Italian government following talks of FCA and Peugeot
The Italian government is following talks between Fiat Chrysler and French automaker PSA over a possible tie-up, Industry Minister Stefano Patuanelli stated on Wednesday. Patuanelli informed reporters he could not discuss enough about the matter since a possible merger of the two was “a market operation”. The two automakers said on Wednesday they were holding […]
PSA confirms talks with Fiat
French automaker PSA confirmed on Wednesday that discussions were underway with Italian peer Fiat to create a new world leader in the auto industry. Fiat Chrysler has stated before as well that they are open to alliances and mergers with other automakers, since the times of late FCA CEO Sergio Marchionne.
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 […]
Peugeot & Citroen to adopt different strategies
In order to tackle falling sales, PSA Peugeot-Citroën is in the process of implementing a new strategy that will differentiate their upcoming models. As part of the strategy, Peugeot will move upwards and try to attract traditional car buyers. Citroën, on the other hand, will have 2 lines one is the affordable “C” models and […]
PSA Peugeot Citroen enters joint venture in China
PSA recently announced that it will do a joint venture with Changan Automobile Group in China. The two sides have exchanged letters of intent to work together to produce passenger cars and commercial vehicles to supply to the Chinese market. PSA explained that the new deal with Changan will not affect its prior commitment with […]
