PeugeotMarchionne proposed pan-European combination of Fiat, Opel, PSA, sources sayOct. 30, 2012 17:04 CET  Fiat CEO Sergio Marchionne approached PSA and GM earlier this month about a pan-European combination that would leapfrog Volkswagen as the region's largest automaker, three people familiar with the matter said.... Read More »
Marchionne proposed pan-European combination of Fiat, Opel, Peugeot 11:04 am U.S. ET | Oct. 30, 2012  Fiat CEO Sergio Marchionne approached PSA Peugeot Citroen and GM earlier this month about a pan-European combination that would leapfrog Volkswagen AG as the region's largest automaker, three people familiar with the matter said. Marchionne proposed that Peugeot commit to a combination between Fiat, the French carmaker and GM's German Opel unit in exchange for stock in the new entity, said the people, who asked not to be named as the proposal was private.... Read More »
Ford to shut European plant; GM outlines product-sharing plan 7:28 am U.S. ET | Oct. 24, 2012  Ford said it will close a Belgian assembly plant and GM outlined a joint product-sharing plan with a French rival as the Detroit automakers battle mounting losses in Europe. Ford is also preparing to close a chassis plant in Britain as early as next year, Bloomberg and other media outlets reported, citing people familiar with the plans. Ford scheduled a conference call with journalists and analysts on Thursday to provide more details of its turnaround plan for Europe.... Read More »
GM, PSA will co-develop four vehicle projectsOct. 24, 2012 08:48 CET  General Motors and PSA/Peugeot-Citroen will co-develop four vehicle projects as part of their alliance, the companies said in a statement today.... Read More »
FINAL ASSEMBLY After 93 years, a GM-PSA merger? 12:01 am U.S. ET | Oct. 22, 2012  General Motors and PSA Peugeot Citroen are exploring a merger of Opel/Vauxhall and PSA's automotive operations, according to press reports. Thus GM may finally get a stake in a French automaker -- a mere 93 years after it first considered doing so.... Read More »
GM says it's progressing on details of Peugeot alliance 6:07 pm U.S. ET | Oct. 21, 2012  GM is making headway on implementing its alliance with PSA Peugeot Citroen, CEO Dan Akerson said in an interview. "There is progress," Akerson said Sunday in Sao Paulo, ahead of this week's auto show here.... Read More »
DOUGLAS A. BOLDUC VW Golf, McLaren concept were Paris Web winners 3:30 am U.S. ET | Oct. 18, 2012  Volkswagen's seventh-generation Golf and McLaren's P1 supercar concept were the big Web winners from the Paris auto show this month, according to a study. The Golf was the media favorite while the P1 generated more than 2,900 mentions in the social media realm.... Read More »
Europe headed for biggest sales plunge in 19 years 12:19 pm U.S. ET | Oct. 16, 2012  European car deliveries are headed for their biggest annual plunge in 19 years after the region's deliveries tumbled 11 percent in September.... Read More »
GM mulls merging Opel with PSA's auto division, sources sayOct. 12, 2012 16:40 CET  General Motors and PSA/Peugeot-Citroen are exploring ways to combine their European operations. One option is for GM's Opel/Vauxhall unit to merge with PSA's automotive operations, sources said.... Read More »
GM, Peugeot mull European joint venture 10:40 am U.S. ET | Oct. 12, 2012  GM and PSA/Peugeot-Citroen are exploring ways to combine their European operations in a second phase of the alliance they forged earlier this year, sources said. One option is for GM's Opel/Vauxhall unit to merge with PSA's automotive operations in a joint venture, Reuters and the French newspaper La Tribune reported, citing sources who asked not be identified because the discussions are confidential.... Read More »
Peugeot cuts production of 208 subcompact on weak European marketOct. 8, 2012 13:06 CET  PSA is cutting output of the Peugeot 208 subcompact because of slowing demand in Europe's weak auto market.... Read More »
JAMES B. TREECE Who was VW’s Poetsch really talking about? 4:16 pm U.S. ET | Sept. 27, 2012  A mini-tempest has blown up among European automakers over remarks by a Volkswagen executive. As reported by various news accounts, VW CFO Hans Dieter Poetsch said some European competitors are at risk of going out of business without financial assistance as the region’s auto market sinks.... Read More »
GM-PSA talks slow while economy worsens, report saysSept. 26, 2012 19:05 CET  General Motors and PSA/Peugeot-Citroen's efforts to deepen their alliance have slowed recently amid a worsening European auto market and complicated regulatory review, people familiar with the matter told Bloomberg.... Read More »
GM-Peugeot talks slow while economy worsens, report says 1:05 pm U.S. ET | Sept. 26, 2012  General Motors and PSA Peugeot Citroen's efforts to deepen their alliance have slowed recently amid a worsening European auto market and complicated regulatory review, people familiar with the matter told Bloomberg.... Read More »
Peugeot ends hybrid research with BMW 12:49 pm U.S. ET | Sept. 24, 2012  PSA Peugeot Citroen, Europe's second-biggest carmaker, said it will end cooperation with BMW in hybrid-vehicle research while developing an alliance with GM.... Read More »
Peugeot heirs profit from nursing homes as carmaker slidesSept. 22, 2012 06:01 CET  Signs that the Peugeot family is wavering in its commitment to struggling PSA/Peugeot-Citroen complicates the automaker's efforts to reverse deepening losses. The family is getting better returns from alternative investments.... Read More »
2012 PARIS AUTO SHOW Peugeot puts hybrid spin on supercar conceptSept. 13, 2012 11:15 CET  Peugeot says the Onyx supercar concept that will debut at the upcoming Paris auto show demonstrates what sporty versions of hybrid production models will offer.... Read More »
Peugeot dropped from CAC 40 as value dwindlesSept. 7, 2012 09:49 CET  PSA/Peugeot-Citroen will be removed from France's leading stock index after its shares declined more than 60 percent in the last 12 months.... Read More »
PSA names Maxime Picat as new Peugeot bossSept. 3, 2012 12:20 CET  PSA has picked Maxime Picat to lead the struggling Peugeot brand. He replaces Vincent Rambaud, who is leaving the company for personal reasons, the carmaker said in a statement.... Read More »
European car sales fall 8 percent in JulyAug. 31, 2012 06:01 CET  European vehicle sales continued to fall last month as buyers stayed out of showrooms during the region's economic crisis. The Peugeot 208 joined the list of Europe's best-selling cars at No. 5.... Read More »
Peugeot applies design talents to planes, watches and moreAug. 28, 2012 06:01 CET  The Peugeot unit of PSA/Peugeot-Citroen is joining automakers such as BMW, Porsche, Mercedes-Benz and Lotus by creating a business unit that offers design services for non-automotive products. The Peugeot Design Lab will borrow the talents of the French brand's design studios in Paris, Shanghai and Sao Paolo as it draws up blueprints for a wide range on non-automotive new products.... Read More »
French government to probe PSA's job cutsAug. 10, 2012 09:48 CET  The French government has appointed a special advisor to probe PSA's plans to eliminate 8,000 jobs and close a car plant in France. The probe will determine whether the government believes PSA's restructuring plan is necessary and whether the job cuts can be avoided.... Read More »
Toyota wants car sales of 1 million, profit in EuropeAug. 9, 2012 06:01 CET  From 2005 to 2007, Toyota consistently sold more than 1 million cars a year in the 56-countries that make up its European market. The problem is that it wasn't making any money. After some rough times that included last year's natural disasters in Japan and Thailand, Toyota is determined to boost European sales above the 1-million mark again within two to three years – and do so profitably. The man pushing Toyota toward these goals is European CEO Didier Leroy.... Read More »
Mitsubishi halts production of electric cars for PSAAug. 8, 2012 14:15 CET  Mitsubishi Motors has halted production of the Citroen C-Zero and Peugeot iOn electric cars for PSA because of slow sales. The two EVs are rebadged versions of the Mitsubishi i-MiEV and are built at the Japanese automaker's plant in Mizushima, Japan.... Read More »
GM may write down PSA stake if value doesn't improveAug. 3, 2012 19:56 CET  General Motors, which acquired a 7 percent stake in PSA in March, said it may have to write down its investment as the European auto market heads toward its fifth straight annual sales decline.... Read More »
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