Alliances

NEWS ANALYSIS

Family squabbles cost Peugeot clan control of PSA

Feb. 19, 2014 10:37 CET
Infighting played a large role in the Peugeot family's loss of control of PSA/Peugeot-Citroen, industry watchers say....
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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....
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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....
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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....
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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....
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PSA Chairman urged to scrap Dongfeng deal

Feb. 17, 2014 09:20 CET
An industry analyst has penned an open letter to PSA/Peugeot-Citroen urging the automaker to scrap its planned capital tie-up with China's Dongfeng Motor and raise capital in other ways....
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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....
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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....
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Zetsche says Daimler rejected cooperation with VW, BMW and Fiat on small cars

Feb. 7, 2014 15:31 CET
Daimler talked with VW, BMW and Fiat about developing a common small car platform but concluded that there was not much to be gained from working with any of these rivals, CEO Dieter Zetsche said....
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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....
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Renault-Nissan car sales rose 2% in 2013, boosted by China, U.S. growth

Feb. 7, 2014 11:56 CET
Renault and Nissan said their combined global vehicle sales rose 2 percent to 8.27 million vehicles last year, an all-time high for the alliance, propelled by record sales in China and the United States....
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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....
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PSA's chairman seeks to protect family role in carmaker

Jan. 30, 2014 09:00 CET
PSA/Peugeot-Citroen Chairman Thierry Peugeot has written to his cousin Robert Peugeot, head of the Peugeot family holding, to criticize a planned tie-up with China's Dongfeng Motor that would dilute the family's influence, a report said....
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Renault-Nissan raises savings targets

Jan. 30, 2014 18:08 CET
Renault-Nissan named executives to lead efforts to converge manufacturing, r&d, purchasing and human resources....
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Renault-Nissan raises savings targets in cooperation push

12:08 pm U.S. ET | Jan. 30, 2014
Renault-Nissan announced plans to accelerate integration between the carmakers by stepping up joint projects in development, manufacturing, purchasing and human resources....
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BRUCE GAIN

Will Renault and Nissan drift apart when Ghosn goes?

12:01 am U.S. ET | Jan. 29, 2014
The likelihood that Renault-Nissan will appoint a single executive to succeed Carlos Ghosn to run both automakers is remote. Will the alliance unwind if the automakers are headed by two different CEOs?...
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Renault, Nissan said to plan alliance managers for projects

6:30 am U.S. ET | Jan. 27, 2014
Renault and Nissan will announce new managers for their alliance to increase cooperation between the two, a person familiar with the matter said....
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VW will build Crafter van in Poland after ending Daimler tie-up, report says

Jan. 22, 2014 12:41 CET
VW will build its Crafter van in Poland after ending a partnership with Daimler, a German newspaper reported. Currently, Daimler builds the Crafter alongside the Mercedes Sprinter in Germany....
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BRUCE GAIN

Is PSA about to become a 'three-headed monster'?

12:01 am U.S. ET | Jan. 21, 2014
PSA's planned recapitalization that would see Dongfeng and the French government join the Peugeot family as equal shareholders may create more problems than it solves for the struggling automaker....
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PSA board backs cash injection by Dongfeng, France gov't

Jan. 20, 2014 10:17 CET
PSA's board approved a deal to raise 3 billion euros ($4.1 billion) by selling stakes to Dongfeng and the French government. The deal, if completed, would represent a defining moment in the history of the automaker....
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PSA to decide on funds from Dongfeng, report says

Jan. 17, 2014 12:19 CET
PSA/Peugeot-Citroen's board was meeting Sunday to discuss a 1 billion euros ($1.4 billion) investment from Chinese automaker Dongfeng and the French state, sources said....
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