Alliances

Old and new alliances crucial to Tavares' turnaround plan for PSA

April 15, 2014 13:48 CET
PSA/Peugeot-Citroen will keep its industrial partnerships with General Motors, Toyota and Fiat despite the arrival of China's Dongfeng as a stakeholder in the automaker, CEO Carlos Tavares said.... Read More »

 

PSA and Dongfeng may cooperate in Russia, Brazil

March 28, 2014 11:20 CET
Dongfeng Motor Chairman Xu Ping said his company's cooperation with PSA could be expanded to include Brazil and Russia, two regions where the French automaker must improve its financial performance.... Read More »

 

PSA signs Dongfeng deal; recovery hurdles remain

March 26, 2014 19:36 CET
French President Francois Hollande and his Chinese counterpart, Xi Jinping, oversaw the signing of a deal that will see Dongfeng Motor and the French government take matching 14 percent stakes in PSA/Peugeot-Citroen.... Read More »

 

Renault-Nissan names new alliance team to step up integration

March 17, 2014 12:19 CET
Renault and alliance partner Nissan detailed plans to integrate key operations and pursue greater economies of scale.... Read More »

 

PSA narrows search for new chairman

March 13, 2014 06:01 CET
PSA has narrowed the search for a new supervisory board chairman to ex-Airbus Group CEO Louis Gallois and former Nexans CEO Gerard Hauser, a source said.... Read More »

 

Mercedes, Infiniti to pool small cars, plant, sources say

March 5, 2014 15:15 CET
Mercedes and Infiniti plan to pool development of compact cars to cut costs, expand the German carmaker's North American production and broaden the Infiniti lineup, sources said.... Read More »

 

China will ease limits on foreign stake in JVs

1:48 pm U.S. ET | Feb. 20, 2014
China's Ministry of Industry and Information Technology wants to loosen ownership restrictions on foreign automakers' joint ventures despite strong opposition from state-owned auto companies.... Read More »

 

NEWS ANALYSIS

Family squabbles cost Peugeot clan control of PSA

Feb. 19, 2014 10:37 CET
Infighting played a large role in the Peugeot family's loss of control of PSA/Peugeot-Citroen, industry watchers say.... Read More »

 

PSA unveils Dongfeng deal with 2013 loss

Feb. 19, 2014 06:01 CET
PSA/Peugeot-Citroen announced a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng Motor as the French carmaker posted a further loss for 2013. PSA warned that it may not halt losses until 2016 -- a year later than initially promised.... Read More »

 

Dongfeng deal buys PSA time, gives it new blood

Feb. 18, 2014 17:22 CET
PSA and Dongfeng have agreed on a 3 billion euro ($4.1 billion) capital tie-up that buys the French carmaker more time to turn around its business, brings in new management and ends two centuries of family control.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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?... Read More »

 

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.... Read More »

 

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.... Read More »

 

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