France

PSA widens French work force cutbacks

Jan. 28, 2014 12:31 CET
PSA aims to widen its planned work force cutbacks beyond 11,200 jobs in France by offering early retirement packages to encourage an additional 3,500 employees to leave by 2016.... Read More »

 

PSA weighs cutting another 1,500 French jobs, union says

Jan. 22, 2014 13:19 CET
PSA/Peugeot-Citroen is considering cutting an additional 1,500 jobs in France because of continued production overcapacity, a union leader said.... Read More »

 

Car-sales rise in southern Europe fails to halt regional decline in 2013

Jan. 6, 2014 10:15 CET
A rise in December new-car sales in France, Italy and Spain points to a pick-up in demand in southern Europe, although not enough to avoid a sixth straight annual decline in the overall European market in 2013.... Read More »

 

GM gives PSA backing for Dongfeng deal

Dec. 12, 2013 08:53 CET
PSA has won GM's backing for a tie-up with China's Dongfeng Motor, the French automaker said, adding that the partners have lowered the savings goals for their scaled-down European alliance.... Read More »

 

France's Air Liquide plans for long-term growth in hydrogen-powered cars

Dec. 10, 2013 10:04 CET
France's Air Liquide is expanding its business building filling stations for hydrogen-powered cars as it predicts growing demand for fuel-cell vehicles.... Read More »

 

PSA mulls closing lines at 2 French plants

Dec. 8, 2013 13:22 CET
PSA is set to decide early in the new year whether to close assembly lines at two French car factories.... Read More »

 

PSA IN CRISIS: SPECIAL REPORT

PSA versus Ford in a tale of two layoffs

Dec. 4, 2013 15:00 CET
Both PSA and Ford have cut their output and work forces in a bid to restructure their businesses. But the way they have gone about it highlights the fundamental contrasts between running a business in the United States and France.... Read More »

 

PSA IN CRISIS: SPECIAL REPORT

PSA's hits and one miss

Dec. 4, 2013 13:55 CET
PSA has been responsible for some of the biggest automotive innovations of the past few decades. Now, that innovation is under threat as the automaker slashes investment in the face of falling sales.... Read More »

 

PSA IN CRISIS: SPECIAL REPORT

How PSA and France ran out of gas

Dec. 4, 2013 12:34 CET
PSA has spent years watching rivals find great success outside of Europe. Now both PSA and France must find a way -- if there is one -- to compete globally. In PSA's case, the company's future is at stake.... Read More »

 

Daimler faces insider trading trial over EADS stake

Dec. 3, 2013 12:20 CET
Daimler faces allegations of insider trading over its disposal of shares in EADS, the European aerospace company, in 2006, the Paris prosecutor's office said.... Read More »

 

French car sales fall 4% in November

Dec. 2, 2013 11:19 CET
French new-car sales fell 4 percent in November due to fewer business days and weak demand, particularly for foreign car brands.... Read More »

 

PSA will invest 90 million euros in underutilized French plant

Nov. 29, 2013 06:01 CET
PSA plans to invest 90 million euros to add production of a new Peugeot compact at its underutilized Rennes plant in France. Output will begin in mid-2016.... Read More »

 

DOUGLAS A. BOLDUC

French gov't has done Varin a big favor

8:30 am U.S. ET | Nov. 28, 2013
The uproar over departing PSA CEO Philippe Varin's pension package will benefit the executive in the long run.... Read More »

 

PSA boss Varin renounces pension deal after outcry

Nov. 28, 2013 09:43 CET
Departing PSA CEO Philippe Varin said he would forego his pension package after an outcry from government ministers and labor unions.... Read More »

 

French gov't tells PSA to review Varin's future pension benefits

Nov. 27, 2013 12:07 CET
The French government told PSA to review an "inappropriate" pension award to outgoing CEO Philippe Varin for which it has set aside 21 million euros ($28.5 million) in provisions.... Read More »

 

PSA mulls production cuts at two French factories

Nov. 21, 2013 11:42 CET
PSA/Peugeot-Citroen may close an assembly line at its Mulhouse plant in eastern France unless production picks up to more profitable levels. The automaker will also review production at its Poissy plant near Paris.... Read More »

 

Peugeot mulls Faurecia sale with Dongfeng tie-up, report says

Nov. 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 »

 

DOUGLAS A. BOLDUC

Au revoir, Heuliez

12:01 am U.S. ET | Nov. 6, 2013
Heuliez, which used to make cars for Peugeot, Renault and Opel, closed its plant on Nov. 1. The shutdown came a week after PSA stopped the line at its factory in the Paris suburb of Aulnay.... Read More »

 

October car sales rise in Germany, France and Spain

Nov. 4, 2013 10:51 CET
New-car sales rose in Germany, France and Spain in October fueling hopes of a sustained recovery in the region's market even though Italian vehicle sales were down.... Read More »

 

PSA plant closing leaves Europe with 18 factories too many

Oct. 25, 2013 06:01 CET
PSA will end production at its factory in Aulnay near Paris but the closure is not enough to dent overcapacity in Europe's auto industry. Matching capacity with demand would entail closing 18 European plants, analysts say.... Read More »

 

PSA reaches deal with unions to cut production costs

Oct. 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 »

 

French union want talks with U.S. tire chief on layoff plans

Oct. 24, 2013 06:01 CET
Union leaders at a Goodyear tire plant in northern France have agreed to talks with a Texan executive who caused an uproar earlier this year by saying the factory was "not worth saving" and calling the plant's workers lazy.... 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 stake

Oct. 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 »

 

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