Dongfeng Motor Group

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 PSA

April 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 threats

April 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 profit

March 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, Brazil

March 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 remain

March 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 chairman

March 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' PSA

March 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 chairman

March 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 Nissan

March 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't

Feb. 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 remains

Feb. 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 31

Feb. 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 loss

Feb. 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 blood

Feb. 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 says

Feb. 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 »

 

Peugeot family approves draft Dongfeng deal, report says

Feb. 17, 2014 20:58 CET
PSA/Peugeot-Citroen's founding family gave the go-ahead on Monday for a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng Motor that would draw a line under one of France's oldest industrial dynasties, sources said.... Read More »

 

Peugeot family vote on PSA's future, report says

Feb. 16, 2014 16:40 CET
The Peugeot family, the largest shareholder in PSA/Peugeot-Citroen, will meet on Monday to decide whether to give its blessing to two deals aimed at securing the French carmaker's future, a source said.... Read More »

 

PSA recalls 9,285 cars in China on brake issue

Feb. 14, 2014 10:48 CET
PSA's China joint venture with Dongfeng Motor will recall 9,285 cars due to contaminated brake fluid, China's quality watchdog said.... Read More »

 

BRUCE GAIN

French gov't will be 'decisive' PSA stakeholder

12:01 am U.S. ET | Feb. 13, 2014
The French government doesn't intend to be a silent partner when it takes an expected step to acquire a 14 percent stake in PSA/Peugeot-Citroen.... Read More »

 

PSA and Dongfeng reach outline deal, report says

Feb. 12, 2014 17:55 CET
PSA/Peugeot-Citroen has reached an outline deal with Dongfeng and the French government to raise up to 4 billion euros in fresh capital and deepen cooperation with the Chinese carmaker, sources said.... Read More »

 

Dongfeng confirms talks with PSA but says no deal reached

Feb. 10, 2014 10:47 CET
Dongfeng confirmed that it had held talks with PSA about a potential investment in the French carmaker, but said no agreement had yet been reached between the two groups.... Read More »

 

PSA-Dongfeng talks to enter final stage in China, report says

Feb. 7, 2014 20:34 CET
PSA/Peugeot-Citroen negotiators and French government officials are leaving for China this weekend, sources said, for what they hope will be a final round of tie-up negotiations with Dongfeng Motor.... Read More »

 

PSA board restates support for Dongfeng talks amid Peugeot family squabble

Feb. 6, 2014 21:27 CET
PSA is sticking to a $4.1 billion stock-sale plan it's negotiating with France and Dongfeng amid criticism by investors and Peugeot family members.... Read More »

 

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