Alliances

PSA and Dongfeng sign capital tie-up deal, report says

Feb. 18, 2014 08:19 CET
PSA/Peugeot-Citroen and Dongfeng have signed a memorandum of understanding to proceed with a planned 3 billion euro ($4.1 billion) capital tie-up, a source said. The deal was signed after PSA's board approved the tie-up. An announcement is scheduled for Wednesday....
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Peugeot family approves draft Dongfeng deal, report says

Feb. 17, 2014 20:58 CET
PSA/Peugeot-Citroen's founding family gave the go-ahead on Monday for a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng Motor that would draw a line under one of France's oldest industrial dynasties, sources said....
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PSA Chairman urged to scrap Dongfeng deal

Feb. 17, 2014 09:20 CET
An industry analyst has penned an open letter to PSA/Peugeot-Citroen urging the automaker to scrap its planned capital tie-up with China's Dongfeng Motor and raise capital in other ways....
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Peugeot family vote on PSA's future, report says

Feb. 16, 2014 16:40 CET
The Peugeot family, the largest shareholder in PSA/Peugeot-Citroen, will meet on Monday to decide whether to give its blessing to two deals aimed at securing the French carmaker's future, a source said....
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PSA and Dongfeng reach outline deal, report says

Feb. 12, 2014 17:55 CET
PSA/Peugeot-Citroen has reached an outline deal with Dongfeng and the French government to raise up to 4 billion euros in fresh capital and deepen cooperation with the Chinese carmaker, sources said....
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Zetsche says Daimler rejected cooperation with VW, BMW and Fiat on small cars

Feb. 7, 2014 15:31 CET
Daimler talked with VW, BMW and Fiat about developing a common small car platform but concluded that there was not much to be gained from working with any of these rivals, CEO Dieter Zetsche said....
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PSA-Dongfeng talks to enter final stage in China, report says

Feb. 7, 2014 20:34 CET
PSA/Peugeot-Citroen negotiators and French government officials are leaving for China this weekend, sources said, for what they hope will be a final round of tie-up negotiations with Dongfeng Motor....
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Renault-Nissan car sales rose 2% in 2013, boosted by China, U.S. growth

Feb. 7, 2014 11:56 CET
Renault and Nissan said their combined global vehicle sales rose 2 percent to 8.27 million vehicles last year, an all-time high for the alliance, propelled by record sales in China and the United States....
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PSA board restates support for Dongfeng talks amid Peugeot family squabble

Feb. 6, 2014 21:27 CET
PSA is sticking to a $4.1 billion stock-sale plan it's negotiating with France and Dongfeng amid criticism by investors and Peugeot family members....
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PSA's chairman seeks to protect family role in carmaker

Jan. 30, 2014 09:00 CET
PSA/Peugeot-Citroen Chairman Thierry Peugeot has written to his cousin Robert Peugeot, head of the Peugeot family holding, to criticize a planned tie-up with China's Dongfeng Motor that would dilute the family's influence, a report said....
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Renault-Nissan raises savings targets

Jan. 30, 2014 18:08 CET
Renault-Nissan named executives to lead efforts to converge manufacturing, r&d, purchasing and human resources....
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Renault-Nissan raises savings targets in cooperation push

12:08 pm U.S. ET | Jan. 30, 2014
Renault-Nissan announced plans to accelerate integration between the carmakers by stepping up joint projects in development, manufacturing, purchasing and human resources....
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BRUCE GAIN

Will Renault and Nissan drift apart when Ghosn goes?

12:01 am U.S. ET | Jan. 29, 2014
The likelihood that Renault-Nissan will appoint a single executive to succeed Carlos Ghosn to run both automakers is remote. Will the alliance unwind if the automakers are headed by two different CEOs?...
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Renault, Nissan said to plan alliance managers for projects

6:30 am U.S. ET | Jan. 27, 2014
Renault and Nissan will announce new managers for their alliance to increase cooperation between the two, a person familiar with the matter said....
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VW will build Crafter van in Poland after ending Daimler tie-up, report says

Jan. 22, 2014 12:41 CET
VW will build its Crafter van in Poland after ending a partnership with Daimler, a German newspaper reported. Currently, Daimler builds the Crafter alongside the Mercedes Sprinter in Germany....
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BRUCE GAIN

Is PSA about to become a 'three-headed monster'?

12:01 am U.S. ET | Jan. 21, 2014
PSA's planned recapitalization that would see Dongfeng and the French government join the Peugeot family as equal shareholders may create more problems than it solves for the struggling automaker....
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PSA board backs cash injection by Dongfeng, France gov't

Jan. 20, 2014 10:17 CET
PSA's board approved a deal to raise 3 billion euros ($4.1 billion) by selling stakes to Dongfeng and the French government. The deal, if completed, would represent a defining moment in the history of the automaker....
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PSA to decide on funds from Dongfeng, report says

Jan. 17, 2014 12:19 CET
PSA/Peugeot-Citroen's board was meeting Sunday to discuss a 1 billion euros ($1.4 billion) investment from Chinese automaker Dongfeng and the French state, sources said....
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Daimler hedges against drop in Tesla share price

9:31 am U.S. ET | Dec. 21, 2013
Daimler AG has hedged its holding in Tesla Motors against a decline in value over the next three years, as it seeks to broaden its alliance with the U.S. electric-car maker....
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Daimler will take 5% stake in Aston Martin in cooperation pact

Dec. 19, 2013 11:11 CET
Daimler will own as much as 5 percent of Aston Martin as part of a deeper agreement to share technology with the British sports-car maker....
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Daimler to acquire Aston Martin stake under technology, engine pact

5:11 am U.S. ET | Dec. 19, 2013
Daimler will own as much as 5 percent of Aston Martin as part of an agreement to supply the British sports-car maker with technology....
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Peugeot shares slump after GM move to sell 7% stake

6:04 am U.S. ET | Dec. 13, 2013
PSA Peugeot Citroen shares plunged Friday after GM announced plans to sell its entire Peugeot stake amid the struggling French carmaker's efforts to seek financial help from its Chinese partner....
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GM yet to reap full benefits of PSA alliance, European partnerships

Dec. 13, 2013 06:01 CET
GM scaled back its alliance with PSA/Peugeot-Citroen while announcing plans to sell its 7 percent stake in the French automaker in another setback for its efforts to seek growth in Europe through collaboration and partnerships....
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GM to sell PSA stake

Dec. 12, 2013 18:35 CET
GM is selling its entire 7 percent stake in PSA while scaling back efforts to jointly develop vehicles with the French automaker. GM said it will sell its 24.8 million shares through a private placement to institutional investors. GM acquired the shares in February 2012 for about $400 million....
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GM to unload 7% stake in French automaker PSA Peugeot

12:35 pm U.S. ET | Dec. 12, 2013
GM is selling its entire stake in PSA Peugeot Citroen while scaling back efforts to jointly develop vehicles with the French automaker. GM said it will sell its 7 percent stake, or 24.8 million shares, through a private placement to institutional investors. GM acquired the shares in February 2012 for about $400 million....
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