Dongfeng-PSA sales rise 37% in April on new modelsMay 21, 2013 08:49 CET  PSA's China joint venture with Dongfeng Motor Corp. said it increased sales 37 percent last month to 45,303 units helped by strong demand for its stretched Citroen C4 and Peugeot 3008 models.... Read More »
PSA workers end 4-month strike over car plant closureMay 17, 2013 15:05 CET  Workers at a PSA factory near Paris have agreed to end a four-month strike in protest against the planned closure of the plant.... Read More »
Peugeot pushes 308 upscale to catch VW GolfMay 15, 2013 10:15 CET  Peugeot hopes more upscale features and an innovative design will help the new 308 gain market share in Europe's overcrowded compact segment against competitors including the Volkswagen Golf.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Citroen reinvents itselfMay 8, 2013 06:01 CET  Peugeot and Citroen have suffered for years because car buyers have trouble distinguishing one brand from the other. Citroen CEO Frederic Banzet is determined to change that.... Read More »
PSA faces EU antitrust probe of restructuring plansMay 2, 2013 12:19 CET  EU antitrust regulators are investigating whether a 7 billion-euro ($9.24 billion) guarantee to PSA complies with state aid rules and also ensures the automaker's long-term viability.... Read More »
GM, PSA study alliance on vans outside Europe, report saysMay 2, 2013 09:59 CET General Motors and PSA are studying an alliance to sell large commercial vans outside of Europe, a French newspaper said.... Read More »
PSA unions back job-cuts plan, French plant closureApril 30, 2013 06:01 CET  PSA has received the backing of five of its six main unions to push ahead with plans to eliminate 11,200 jobs and shutter a French factory, a central part of wide-ranging reforms at the French carmaker aimed at halting ongoing losses.... Read More »
PSA restructuring plan cleared by Paris courtApril 26, 2013 15:49 CET  PSA/Peugeot-Citroen can move forward with the elimination of 11,200 jobs and a factory closing after a French court threw out a legal challenge from two unions to the plan.... Read More »
PSA names industry veteran as Citroen's deputy CEOApril 26, 2013 06:01 CET  PSA named veteran industry executive manager Yves Bonnefont as Citroen's deputy CEO. Bonnefont will lead the expansion of the upscale DS subbrand as well as the new positioning of Citroen's C-line of vehicles.... Read More »
PSA says Q1 revenue fell 6.5% on European slumpApril 24, 2013 08:34 CET  PSA/Peugeot-Citroen said first-quarter revenue fell 6.5 percent as its vehicle sales abroad failed to offset a recession in Europe. PSA said it will implement additional measures to attain its goal of breaking even next year if the European market continues to falter.... Read More »
LUCA CIFERRI Why even a weak China is good news for European automakers 12:01 am U.S. ET | April 24, 2013  The Shanghai auto show proved once again that China is the promised land for automakers, particularly Europeans bracing for a sixth straight year of declining car sales in their home region.... Read More »
2013 SHANGHAI AUTO SHOW PSA lifts China sales target; growth eases Europe painApril 20, 2013 12:49 CET  PSA raised its sales target in China by 11 percent after demand rose more than expected in the first quarter, providing welcome relief to woes in its home region.... Read More »
PSA says vehicle sales in China rose 31% in first quarterApril 19, 2013 10:58 CET  PSA said new-car sales in China rose 31 percent to 142,000 in the first quarter, a record for the automaker. Growth was driven by a 24 percent rise in deliveries for PSA's joint venture with Chinese automaker Dongfeng, the company added.... Read More »
2013 SHANGHAI AUTO SHOW French automakers count on luxury appeal for success in ChinaApril 19, 2013 06:01 CET  German automakers have long seen China as a key market. Now their French rivals, hit by slow sales in Europe, are playing catch up, and they are counting on the popularity of France's luxury fashion brands to help them.... Read More »
PSA mulls Aulnay plant closure this year, sources sayApril 18, 2013 14:34 CET  PSA may shut its Aulnay plant near Paris as early as September, ahead of a proposed closure in 2014, because strikes are disrupting production, according to sources.... Read More »
PSA bank rating cut to junk by Moody's on Europe car-sales slumpApril 16, 2013 11:04 CET  PSA's bank was cut to one level below investment grade by Moody's Investors Service today, which said the auto-financing unit can't escape the European car-market contraction plaguing its parent.... Read More »
Judge asks PSA to delay French job cutsApril 15, 2013 16:19 CET  PSA may have to postpone job cuts by at least 10 days as it awaits a court ruling on its restructuring the strategy. A judge overseeing a lawsuit by the CGT union aimed at canceling the work force reduction asked PSA to postpone a meeting with labor leaders until after the court reaches a decision on April 26.... Read More »
SHANGHAI AUTO SHOW PREVIEW A bevy of crossovers and SUVs will take center stage at China's auto extravaganza 12:01 am U.S. ET | April 15, 2013  Automakers will test China's huge appetite for crossovers and SUVs with introductions this week at the Shanghai auto show. Acura, BMW, Citroen, Mercedes-Benz and Volkswagen plan world debuts for compact crossovers, while Jeep -- which arguably started the SUV craze -- will roll out its new Cherokee.... Read More »
PSA credit rating cut on Europe recovery doubtsApril 11, 2013 10:04 CET  PSA/Peugeot-Citroen's credit rating was cut one step to four levels below investment grade by Moody's Investors Service, which said a contraction in Europe's car market will put at risk the automaker's plans to restore cash flow.... Read More »
2013 SHANGHAI AUTO SHOW Citroen Wild Rubis previews SUV for upscale DS lineApril 11, 2013 09:00 CET  Citroen's Wild Rubis concept showcases the first SUV/crossover to be sold under the brand's upscale DS line. The concept will mainly be targeted at high-earning Chinese customers.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Peugeot already sees benefits from upmarket moveApril 10, 2013 06:01 CET  The boss of PSA/Peugeot-Citroen's namesake brand says he's already seeing benefits from efforts to move upmarket, which the automaker considers crucial to returning to profit. “Just 15 percent of sales for the 208 are entry-level models while 35 percent are our highest trim lines,” Peugeot CEO Maxime Picat said.... Read More »
PRODUCTION Weak car output hits Czech economyApril 8, 2013 11:46 CET Czech industrial production edged up in February but thinning order books show the central European country may not yet be coming out of its longest recession in two decades. The main problem has been falling car production.... Read More »
CHINA Dongfeng-PSA venture sales, fueled by 2 new models, jump 20% in MarchApril 8, 2013 06:01 CET 
SALES Fiat turns to Germany as Italy sales seen as worst since 1966April 5, 2013 06:01 CET  Fiat, faced with Italy sales that could fall to their lowest level for 47 years, is seeking to boost sales in Germany by offering steeper discounts than any other automaker there. Plummeting deliveries, hit by political turmoil, are upending Italy's auto industry and will hit Fiat, which makes 56 percent of its sales in the country, especially hard. As a result, hundreds of Italian dealerships are closing and factories are running at half capacity.... Read More »
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 »
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