Dongfeng Motor Group
Renault will increase dealer rebates in China as market demand slowsJan. 30, 2015 11:32 CET
Renault will give its China dealers more rebates and moderate sales targets as demand cools. Sales growth of passenger vehicles in China will probably slow to 8 percent this year from 10 percent in 2014, according to an industry association....Read More »
Dongfeng faces corruption probe from Chinese authoritiesDec. 1, 2014 14:05 CET
Chinese authorities are investigating state-owned automaker Dongfeng Motor for possible corruption. Dongfeng is a local partner of PSA/Peugeot-Citroen and earlier this year bought a 14 percent stake in the French automaker....Read More »
Dongfeng-PSA to sell imported vehicles in China next yearNov. 19, 2014 06:01 CET
Dongfeng Peugeot Citroen Automobile, PSA's joint venture with Dongfeng Motor, will take over the vehicle import business currently run by the French automaker's Asia office. The move integrates PSA's vehicle distribution channels in China....Read More »
PSA-Dongfeng JV breaks ground for 4th China plantOct. 21, 2014 11:08 CET
PSA's joint venture with Dongfeng began construction of its fourth Chinese assembly plant. The factory will launch production in 2016 and will build up to 360,000 vehicles a year....Read More »
Getrag, Dongfeng form dual clutch transmissions JV in ChinaOct. 20, 2014 10:54 CET
Germany's Getrag formed a joint venture with Dongfeng to develop and produce dual clutch transmissions in China. The joint venture will start manufacturing transmissions for compact cars in 2016 at a factory in Wuhan....Read More »
Renault's China vehicle sales could reach 800,000 a year, Ghosn saysOct. 18, 2014 06:01 CET
Renault, a latecomer to China, could sell up to 800,000 vehicles annually in the country, CEO Carlos Ghosn said. Renault has a 4 percent market share globally and it is a "reasonable" objective to reproduce this in China, Ghosn said....Read More »
BRUCE GAIN
Tavares brings PSA back in the race 5:56 am U.S. ET | Oct. 3, 2014
PSA CEO Carlos Tavares is already achieving positive results with his turnaround plan at the money-losing automaker. So much so, that one analyst believes the operating targets Tavares has set for the automaker to hit by 2018 are way too conservative....Read More »
Nissan and Dongfeng form JV for Infiniti in ChinaSept. 22, 2014 12:27 CET
Nissan has formed a joint venture with Dongfeng Motor in China dedicated to producing premium Infiniti vehicles. Nissan and Dongfeng each will control 50 percent of the JV, which will start by making the Q50L and QX50....Read More »
Peugeot edges closer to rejoining key stock indexAug. 13, 2014 13:10 CET
Peugeot, whose losses led to a government bailout earlier this year, may already be close to an important recovery milestone: a return to France's benchmark stock index....Read More »
Beijing 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 »
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