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SUPPLIERS Faurecia wins approval to build new NA headquartersApril 3, 2013 06:01 CET  Faurecia North America Inc. has received final approval to build a three-story, 278,000-square-foot North American headquarters in suburban Detroit that will house the company's administration and a technical center for its automotive seating and exteriors units.... Read More »
French March car sales decline 16.4%April 2, 2013 10:37 CET  French car registrations fell 16.4 percent in March and 14.7 percent overall in the first quarter, according to figures from CCFA, the country's main auto industry body. CCFA on Tuesday reiterated its full-year outlook, saying it expected 2013 registrations in France to fall by at least 5 percent, and forecast an improvement only in the second half.... Read More »
Faurecia wins approval to build new NA headquarters 4:09 pm U.S. ET | April 2, 2013  Faurecia North America Inc. has received final approval to build a three-story, 278,000-square-foot North American headquarters in suburban Detroit that will house the company's administration and a technical center for its automotive seating and exteriors units.... Read More »
PSA reaches deal with majority of French workers on restructuringMarch 19, 2013 06:01 CET  PSA has struck a deal with five French unions, representing 76 percent of its workforce, over severance packages that the automaker will offer employees as it seeks to reduce its headcount in the country by 17 percent.... Read More »
PRODUCTION LINE PSA wants partner for Hybrid Air 12:01 am U.S. ET | March 18, 2013  PSA Peugeot Citroen plans to talk to other carmakers, including alliance partner General Motors, about sharing development of low-cost compressed-nitrogen hybrids.... Read More »
Norway shows the way with EVs, but at what cost?March 16, 2013 06:01 CET  Norway's market for pure electric cars has in its very success shown the severe drawbacks to a model that relies on public subsidies worth as much as $8,200 per car, every year. Carmakers such as Nissan, Mitsubishi, PSA and Tesla Motors see Norway and its 10,000 battery-powered vehicles as a reason for optimism in otherwise gloomy terrain.... Read More »
PSA mirrors VW, readies megaplatform to cut costsMarch 15, 2013 06:01 CET  PSA is planning to produce its compact, mid-sized and SUV models on a common platform that also is likely to underpin models made by alliance partner GM. The struggling French automaker is looking to borrow from Volkswagen's money-saving megaplatform strategy as a way to stem massive financial losses that have forced staff cuts and a planned factory closure in France.... Read More »
VW, BMW predict 'difficult' 2013 on Europe slump, China slowdownMarch 15, 2013 06:01 CET VW Group and BMW Group predicted a "difficult" 2013 as the European auto market contracts, vehicle prices in the region drop and growth in China slows. VW CEO Martin Winterkorn said the automaker is confronting "tougher competition and difficult economic conditions." BMW CEO Norbert Reithofer sees conditions as "likely to remain challenging in many markets."... Read More »
PSA sells BNP stake for 177 million euros to boost financingMarch 15, 2013 06:01 CET  PSA sold its stake in French bank BNP Paribas for about 177 million euros ($229 million) to boost financing as part of a restructuring at Europe's second-largest carmaker.... Read More »
PSA streamlines top management after two executives step downMarch 12, 2013 18:02 CET  PSA/Peugeot Citroen has streamlined its management board after brands director Frederic Saint Geours and r&d chief Guillaume Faury left their posts. Saint Geours will stay on with PSA as an advisor to CEO Philippe Varin, but Faury is leaving the automaker to become CEO of Eurocopter.... Read More »
PSA launches new brand strategy for Peugeot and CitroenMarch 12, 2013 06:01 CET  PSA aims to shift the positioning of its two brands further apart, although analysts are skeptical of the move. Peugeot and Citroen cars chase a very similar customer base, which has been a problem for the French automaker for a long time. Presenting the automaker's 2012 financial results last month, CEO Philippe Varin admitted: “Our brands are too close.”... Read More »
PSA, Renault woo younger drivers with new small SUVsMarch 11, 2013 07:04 CET  French automakers aim to win customers in the growing small SUV/crossover segment with the Peugeot 2008 and Renault Captur. Peugeot says the first reaction to the 2008 has been positive.... Read More »
GM is likely to share PSA platform 12:01 am U.S. ET | March 11, 2013 PSA Peugeot Citroen plans to produce compact, mid-sized and SUV models on a common platform that also is likely to underpin models made by alliance partner General Motors.... Read More »
PSA signs Kazakhstan vehicle-assembly dealMarch 8, 2013 14:47 CET  PSA says a deal with the Russian company Agromash Holding to assemble cars in Kazakhstan could generate more than 300 jobs in France.... Read More »
PSA wants GM to share development of compressed-gas hybridsMarch 8, 2013 06:01 CET  PSA/Peugeot-Citroen plans to talk to other carmakers including alliance partner General Motors about sharing development of low-cost compressed-gas hybrids.... Read More »
PSA will offer retail banking to raise funds for dealers, auto opsMarch 8, 2013 06:01 CET  PSA/Peugeot-Citroen will offer savings accounts through its financing arm to raise funding for dealerships and other automotive operations. PSA is following Renault in setting up a retail banking arm.... Read More »
Marchionne's big gambleMarch 7, 2013 06:01 CET  Fiat CEO Sergio Marchionne is betting billions of euros that Alfa Romeo and Maserati will help drive the automaker's money-losing European operations back into the black by 2015-2016. He's also counting on the underperforming sporty brands to help ignite a production boom that will turn the company's under-used European plants into export champions.... Read More »
Carmakers warn of weak European market for years to comeMarch 5, 2013 12:38 CET  New-car sales in Europe are at the low end of expectations and the market is likely to remain shaky for at least five years as the region implements austerity measures to cut its debts, industry executives warned on Tuesday.... Read More »
2013 GENEVA AUTO SHOW Small SUVs poised to dominate at GenevaMarch 4, 2013 06:01 CET  Renault and PSA will use the Geneva auto show as the launching pad for models that are forecast to go to the top of Europe's fast-growing small SUV segment.... Read More »
Check out the ANE monthly e-magazineMarch 4, 2013 06:01 CET  The new issue of the Automotive News Europe monthly e-magazine is ready for you to view. Inside this issue we look at why new Opel CEO Karl-Thomas Neumann might be in a perfect position to succeed and why Bosch and PSA are so bullish on their new battery-free hybrid.... Read More »
PSA plans compressed-air car 12:01 am U.S. ET | March 4, 2013 PSA Peugeot Citroen plans to launch hybrid cars partially powered by compressed air by 2016.... Read More »
Renault, French unions close to labor deal, minister saysMarch 3, 2013 13:46 CET  Renault and French unions could clinch a labor agreement within days, France's industry minister said. Renault wants unions to accept measures including about 8,000 job cuts.... Read More »
PSA in talks with Russia's ZIL on vehicle making pactMarch 1, 2013 16:19 CET  PSA confirmed it is talking with Russian vehicle manufacturer AMO ZIL about the possibility of cooperating as the French company plans to boost sales in the country.... Read More »
ANE monthly e-magazine goes live MondayMarch 1, 2013 06:01 CET  The new issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 4. Our cover story examines Sergio Marchionne's multi-billion-euro bet that he can turn Alfa Romeo and Maserati into global sales powerhouses.... Read More »
PSA-Changan JV appoints new presidentFeb. 26, 2013 13:34 CET  Gilles Boussac is the new president of Changan PSA. For the past four years, Boussac has been an executive vice president at another PSA China joint venture, Dongfeng Peugeot Citroen Automobiles.... Read More »
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