Renault-Dongfeng JV approved by China regulatorDec. 5, 2013 14:12 CET  Renault said China's top economic planner has approved a joint venture between the automaker and Dongfeng to build and sell cars in China. The new venture plans to build 150,000 vehicles a year.... Read More »
Renault-Dongfeng joint venture approved by China regulatorDec. 5, 2013 09:53 CET Renault said China's top economic planner has approved a joint venture between the automaker and Dongfeng to build and sell cars in China. The new venture plans to build 150,000 vehicles a year.... Read More »
PSA names ex-Renault COO Tavares to succeed CEO Varin 3:13 am U.S. ET | Nov. 25, 2013  PSA Peugeot Citroen today named former Renault executive Carlos Tavares as its next CEO in a move that may help to secure new funding from Chinese partner Dongfeng.... Read More »
PSA said to discuss hiring ex-Renault COO Tavares to succeed CEO Varin 3:13 am U.S. ET | Nov. 25, 2013  PSA CEO Philippe Varin plans to step down next year and hire former Renault COO Carlos Tavares as his replacement, people familiar with the matter said. Varin wants Tavares to initially serve as his No. 2 while he focuses on completing talks with China's Dongfeng Motor to expand an existing partnership.... Read More »
PSA share sale hits snag as Dongfeng seeks smaller stake, report saysNov. 20, 2013 16:34 CET  PSA/Peugeot-Citroen's plan to raise funds through a share sale have hit a snag as China's Dongfeng Motor seeks a smaller stake than first discussed, sources said.... Read More »
YANG JIAN Beijing to automakers: Maintain the status quo 12:01 am U.S. ET | Nov. 18, 2013  Every five years the central committee of the Chinese Communist Party convenes to set social and economic policy goals for the country.... Read More »
Peugeot mulls Faurecia sale with Dongfeng tie-up, report saysNov. 15, 2013 17:45 CET  French carmaker PSA Peugeot Citroen is preparing for a possible sale of its Faurecia components division to accompany a tie-up with China's Dongfeng Motor Group, several sources with knowledge of the situation told Reuters.... Read More »
Peugeot mulls Faurecia sale with Dongfeng tie-up, report says 11:45 am U.S. ET | Nov. 15, 2013  French carmaker PSA Peugeot Citroen is preparing for a possible sale of its Faurecia components division to accompany a tie-up with China's Dongfeng Motor Group, several sources with knowledge of the situation told Reuters.... Read More »
YANG JIAN Wuhan is poised to be China's Motor City 12:01 am U.S. ET | Nov. 15, 2013  Several Chinese cities are jostling for the title of "The Chinese Detroit" as they vie for bragging rights as the country's biggest auto producer. But Wuhan, which is home to Nissan, PSA, Renault and Honda, looks likely to win the title.... Read More »
YANG JIAN How Dongfeng can protect a risky investment in PSA 12:01 am U.S. ET | Nov. 12, 2013  Dongfeng is being very cautious about a proposal to buy a stake in its joint-venture partner, PSA -- and rightly so. PSA would like to have Dongfeng's money, but won't be so happy to share technology.... Read More »
Getrag, Dongfeng to build transmission plant in ChinaNov. 1, 2013 12:07 CET German transmission supplier Getrag and partner Dongfeng Motor Corp. have launched construction of a dual-clutch transmission plant in the central China city of Wuhan.... Read More »
NEWS ANALYSIS GM may develop future Opel vehicles on its ownOct. 25, 2013 06:01 CET  General Motors' ability to reverse years of losses in Europe is coming down to products, not partners. GM appears to be gaining confidence that it doesn't need the help of PSA/Peugeot-Citroen or any other partner to return its European operations to profitability.... Read More »
PSA reaches deal with unions to cut production costsOct. 24, 2013 17:34 CET  PSA has reached a deal with labor leaders to reduce fixed costs at French factories, a key step as it looks for new partners to expand and shore up its finances.... Read More »
NEWS ANALYSIS GM may develop future Opel vehicles on its own in Europe 4:57 pm U.S. ET | Oct. 23, 2013  GM's ability to reverse years of losses in Europe is coming down to products, not partners. The company appears to be gaining confidence that it doesn't need the help of France's PSA Peugeot Citroen or any other partner to stem more than $18 billion in European losses over the past 13 years.... Read More »
GM, PSA to scale back allianceOct. 23, 2013 08:04 CET  General Motors and PSA/Peugeot-Citroen are scaling back their alliance as the French carmaker pursues an investment by China's Dongfeng. A planned joint platform to replace the Peugeot 208, Citroen C3 and Opel Corsa will likely be cancelled.... Read More »
Industry minister says PSA will remain a French companyOct. 22, 2013 09:42 CET  PSA/Peugeot-Citroen will remain French, Industry Minister Arnaud Montebourg said today, after sources said the automaker is in talks with China's Dongfeng Motor and the French government over a capital increase.... Read More »
PSA wins union backing for cost cuts before possible stake saleOct. 21, 2013 14:04 CET  PSA/Peugeot-Citroen is drawing near a deal with unions to cut costs, a key hurdle the automaker must clear before a possible capital increase that will likely involve PSA's Chinese partner, Dongfeng Motor, and the French government.... Read More »
PSA-Dongfeng tie-up talks progress slowly, report saysOct. 19, 2013 09:58 CET  PSA/Peugeot-Citroen's talks on a $4 billion tie-up with Dongfeng are progressing more slowly than the carmaker had hoped, sources said after negotiators returned from meetings in China.... Read More »
BRUCE GAIN Will PSA have a Chinese chairman? 12:01 am U.S. ET | Oct. 17, 2013  A split in the Peugeot family over whether to invest more money in PSA/Peugeot-Citroen has led to fears that the French automaker could have a Chinese chairman, a scenario described by one newspaper as 'sacrilege.'... Read More »
Dongfeng mulls benefits of buying PSA stakeOct. 17, 2013 09:19 CET  China's Dongfeng, which is linked to a potential stake purchase in PSA/Peugeot-Citroen, should first examine whether the project is reasonable or not, a company executive said.... Read More »
Peugeot mulls stake sales to Dongfeng, French gov't, report says 6:00 am U.S. ET | Oct. 12, 2013  PSA/Peugeot-Citroen is preparing a $4.1 billion capital increase in which Chinese partner Dongfeng and the French government would take matching stakes in the carmaker, sources said. A French delegation is heading to China prepare for a deal that could be signed within weeks.... Read More »
PSA said to mull stake sales to Dongfeng, French gov’tOct. 12, 2013 12:00 CET  PSA/Peugeot-Citroen is preparing a $4.1 billion capital increase in which China's Dongfeng and the French government would take matching stakes in the carmaker, sources said. A French delegation is heading to China prepare for a deal.... Read More »
PSA confirms partnership talks after report says Dongfeng plans 30% stakeOct. 9, 2013 12:39 CET  PSA/Peugeot-Citroen said it is in talks on potential new overseas partnerships after a Chinese newspaper reported that Dongfeng Motor may buy a 30 percent stake in the French automkaer for $1.63 billion.... Read More »
China's Dongfeng says it's 'far' from a decision on PSA investmentSept. 27, 2013 10:49 CET  China's Dongfeng Motor said it is "far" from making any decision on investing in PSA/Peugeot-Citroen after being contacted by investment banks.... Read More »
PSA said to consider selling stake to China's DongfengSept. 17, 2013 21:35 CET  PSA/Peugeot-Citroen is considering selling a stake to Chinese automaker Dongfeng Motor to raise cash for an expansion outside its home continent, sources said.... Read More »
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