Dongfeng Motor GroupBeijing Hyundai, Dongfeng Citroen tie for top score in China satisfaction surveyJuly 18, 2014 06:01 CET
Beijing Hyundai and Dongfeng Citroen topped mass-market brands in a J.D. Power survey of Chinese consumers' satisfaction with the car-buying experience. The joint ventures scored significantly higher than other mass-market brands....Read More »
PSA-Dongfeng raises 2014 China sales targetJuly 7, 2014 14:42 CET
PSA's Chinese joint venture with Dongfeng raised its 2014 sales target by about 50,000 vehicles after sales rose 24 percent in the first six months....Read More »
Thierry Peugeot to leave PSA board after voicing dissent over capital tie-up with China's DongfengJuly 3, 2014 18:53 CET
PSA/Peugeot-Citroen's deputy chairman, Thierry Peugeot, was forced out after voicing public dissent over the automaker's tie-up with Dongfeng that he had unsuccessfully opposed....Read More »
PSA-Dongfeng's fourth China plant receives approvalJuly 2, 2014 11:38 CET
PSA has signed an agreement with Chinese authorities to build a fourth factory with partner Dongfeng. The new plant will boost the venture's annual production capacity in China to 1 million units when it begins output in 2016, PSA said....Read More »
Peugeot family says it will remain influential in PSAMay 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....Read More »
PSA begins stock sale after Dongfeng, France buy stakesApril 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....Read More »
PSA shareholders back Dongfeng tie-upApril 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....Read More »
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....Read More »
BRUCE GAIN
PSA will survive for now, but long-term challenges remain 6:42 am U.S. ET | April 17, 2014
PSA/Peugeot-Citroen CEO Carlos Tavares' Back in the Race business plan and a cash injection from Chinese partner Dongfeng are almost certainly enough to ensure his company's short-term survival, but PSA's long-term prospects remain uncertain....Read More »
Old and new alliances crucial to Tavares' turnaround plan for PSAApril 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's Tavares prepares to tackle pricing, low-cost threatsApril 12, 2014 12:08 CET
PSA/Peugeot-Citroen's prospects may be brightening as Europe emerges from a market slump, but new CEO Carlos Tavares still faces long odds as he prepares to present his Back in the Race recovery plan on Monday....Read More »
PSA partner Dongfeng posts strong 2013 profitMarch 31, 2014 12:17 CET
Dongfeng Motor, which is taking a 14 percent stake in PSA, reported a better-than-expected 16 percent rise in 2013 profit due to a rebound in sales at its Japanese partners....Read More »
PSA and Dongfeng may cooperate in Russia, BrazilMarch 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 remainMarch 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 »
PSA board selects ex-Airbus chief Gallois as new chairmanMarch 19, 2014 06:01 CET
PSA/Peugeot-Citroen's board selected ex-Airbus Group CEO Louis Gallois as its next chairman as the carmaker prepares for a capital tie-up with Dongfeng. He will succeed Thierry Peugeot as the first chairman outside the company's founding family....Read More »
Dongfeng CEO says his company won't 'eat' PSAMarch 15, 2014 06:01 CET
Dongfeng CEO Zhu Fushou has sought to quell fears over his company's planned purchase of a 14 percent stake in PSA, saying the Chinese company was not seeking to take control of PSA....Read More »
PSA narrows search for new chairmanMarch 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 »
Renault-Dongfeng China JV to rely heavily on NissanMarch 6, 2014 06:01 CET
Renault will rely heavily on alliance partner Nissan for manufacturing staff in China when it starts producing locally built crossovers with Dongfeng in 2016....Read More »
YANG JIAN
Why the PSA-Dongfeng deal does more harm than good 12:01 am U.S. ET | Feb. 27, 2014
The bailout that PSA negotiated with the French government and Dongfeng will prop up the French automaker in the short term but could cripple its competitiveness in the long run....Read More »
PSA gets EU backing to sell stake to French gov'tFeb. 20, 2014 09:49 CET
PSA has initial EU backing on its agreement to sell a stake to its home government. PSA plans a 3 billion euro capital increase in which Dongfeng Motor and the French state will contribute about half the money for stakes of 14 percent apiece....Read More »
PSA-Dongfeng deal seen as necessary, but skepticism remainsFeb. 20, 2014 12:27 CET
PSA/Peugeot-Citroen's tie-up with Dongfeng and the French government may not bring stability to the struggling automaker, observers said. PSA will change radically after “the dragon came to the rescue of the lion," a newspaper said....Read More »
'Car guy' Tavares will become PSA chief on March 31Feb. 19, 2014 12:36 CET
Industry analysts say former Renault executive Carlos Tavares, who will succeed Philippe Varin as PSA CEO on March 31, is the right man to lead the automaker....Read More »
PSA unveils Dongfeng deal with 2013 lossFeb. 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 bloodFeb. 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 saysFeb. 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 »
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