PSA

PSA completes share sale to raise funds for turnaround

May 22, 2014 10:59 CET
PSA has completed the sale of 289 million new shares as part of a 3 billion euro ($4.1 billion) capital increase to help the carmaker finance a turnaround under new CEO Carlos Tavares....
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PSA to review Mitsubishi electric-vehicle partnership

May 21, 2014 12:25 CET
PSA/Peugeot-Citroen CEO Carlos Tavares said the carmaker will decide in the next 12 months whether to continue working on electric vehicles with Mitsubishi Motors....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Peugeot's crossover fighter

May 21, 2014 06:01 CET
Peugeot has high hopes for the new 308 SW despite many customers deserting compact station wagons for SUV-styled crossovers....
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Ex-Renault marketing boss Norman joins PSA

May 20, 2014 06:01 CET
PSA CEO Carlos Tavares has chosen former Renault colleague Stephen Norman as senior vice president of group marketing coordination to help implement his Back in the Race turnaround plan....
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PSA taps Renault's former China chief to head DS brand in Asia

May 20, 2014 10:53 CET
PSA has hired Renault's former China chief, Chen Guozhang, to oversee its upscale DS brand in Asia, a Chinese newspaper reported....
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Yes, she's a woman, but she's also a Rover survivor

12:01 am U.S. ET | May 19, 2014
Yes, new head of PSA Peugeot Citroen's Citroen division Linda Jackson is a groundbreaking female executive, but European industry watchers seemed just as intrigued by the fact that she is another top global executive to emerge from the ashes of Britain's Rover Group....
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PSA's China joint venture recalls Peugeot and Citroen cars to fix defective valves

May 16, 2014 11:31 CET
Dongfeng Peugeot Citroen Automobile will recall 162,913 cars due to defective valves that could potentially lead to fuel leaks....
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Peugeot family says it will remain influential in PSA

May 15, 2014 09:04 CET
The Peugeot family will remain influential in PSA/Peugeot-Citroen after China's Dongfeng and the French state took stakes in the automaker, Robert Peugeot, head of the FFP family holding company, said....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Citroen designer on how PSA, Toyota made JV minicars more distinctive

May 9, 2014 06:01 CET
When the first generations of the Citroen C1, Peugeot 107 and Toyota Aygo sibling minicars looked too similar, the automakers avoided discussing the designs of the second-generation cars to prevent that from happening again....
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NICK GIBBS

Citroen's incoming CEO worked wonders in the UK

12:01 am U.S. ET | May 9, 2014
Incoming Citroen CEO Linda Jackson has proved herself in the UK by reducing image-harming discounts and boosting morale....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

PSA CEO Tavares targets VW as he scraps unprofitable cars, upgrades DS subbrand

May 8, 2014 06:15 CET
PSA's Carlos Tavares is aiming the company's Peugeot brand directly at Volkswagen Group's core VW unit as the CEO seeks to transform Peugeot into an upmarket volume manufacturer as part of a wider turnaround plan at the struggling French automaker....
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PSA names new chiefs for Citroen and DS brands

May 7, 2014 12:02 CET
Citroen's UK chief, Linda Jackson, will replace Frederic Banzet as the brand's CEO while strategy director Yves Bonnefont, who is Citroen's deputy head, will lead the upscale DS line as it becomes a stand-alone unit....
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LUCA CIFERRI

Marchionne asks for 3 more years of patience

8:22 am U.S. ET | May 7, 2014
Fiat Chrysler CEO Sergio Marchionne's new five-year plan for the automaker won't start rewarding shareholders until 2017 at the earliest. Some wonder if there will ever be a payout....
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LUCA CIFERRI

Marchionne asks for 3 more years of patience

8:22 am U.S. ET | May 7, 2014
Fiat Chrysler CEO Sergio Marchionne's new five-year plan for the automaker won't start rewarding shareholders until 2017 at the earliest. Some wonder if there will ever be a payout....
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Auto recovery takes firmer hold in France

May 2, 2014 09:57 CET
Renault led a 6 percent gain in French new-car sales in April as the European auto market recovery took a firmer hold in the region's third-biggest market....
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Peugeot sales set to rise fast in China

May 2, 2014 06:01 CET
PSA expects sales of its Peugeot brand in China to rise at more than twice the rate of the market this year, pushing China pass France as the automaker's largest single market....
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DOUGLAS A. BOLDUC

Audi TT, minicars on the rise

12:01 am U.S. ET | May 1, 2014
The Audi TT, Renault Twingo and Peugeot 108 were big Web winners during the first quarter because of their debuts at the Geneva auto show. The quarter's top performers, however, were the Volkswagen Golf and Land Rover's Range Rover....
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CLEPA CEO Gales steps down

April 30, 2014 13:43 CET
Industry veteran Jean-Marc Gales has stepped down as CEO of the European supplier group CLEPA. Before joining CLEPA, Gales, 51, was head of brands at PSA and had held high-level jobs with Mercedes, VW, BMW and Opel....
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PSA begins stock sale after Dongfeng, France buy stakes

April 29, 2014 10:45 CET
PSA/Peugeot-Citroen is offering stock to investors at 6.77 euros a share after selling stakes to Dongfeng Motor and the French state at a higher price. The lower price "is further negative news" for the automaker," according to an analyst....
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2014 AUTOMOTIVE NEWS EUROPE CONGRESS

PSA chief Tavares will be keynote speaker in Brussels

April 28, 2014 06:01 CET
PSA/Peugeot-Citroen CEO Carlos Tavares will be the keynote speaker at the Automotive News Europe Congress in June in Brussels....
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PSA chief Tavares to keynote Brussels congress

12:01 am U.S. ET | April 28, 2014
Carlos Tavares, the ex-No. 2 executive at Renault who recently took over as CEO of France's other automaker, PSA Peugeot Citroen, will be the keynote speaker at the Automotive News Europe Congress on June 4 in Brussels....
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PSA shareholders back Dongfeng tie-up

April 25, 2014 17:28 CET
Shareholders of PSA/Peugeot-Citroen approved a rescue deal that makes Chinese carmaker Dongfeng and the French state core shareholders of the struggling automaker....
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Peugeot shareholders back plan for $4.2 billion capital hike

12:04 pm U.S. ET | April 25, 2014
PSA Peugeot Citroen owners voted to support a 3 billion-euro ($4.2 billion) capital increase to boost funding at Europe's second-largest carmaker, which has been unprofitable for the last two years....
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PSA revenue rises 2% on China, Europe recovery

April 25, 2014 08:39 CET
PSA reported a 2 percent gain in first-quarter revenue as a recovery in its home region and expansion in China boosted deliveries....
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YANG JIAN

Why French automakers are poised to grab market share in China

12:01 am U.S. ET | April 22, 2014
Peugeot, Citroen and Renault last year combined to sell a tiny number of cars in China. But that will change as the French automakers become strong players in the world's largest auto market....
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