PSA

PSA's Slovakia unit expects to boost output with new model

March 31, 2015 15:29 CET

PSA/Peugeot-Citroen expects to raise annual capacity at its factory in Trnava, Slovakia, to more than 300,000 by 2017 with the production of a new Citroen model. PSA did not name the new model but previous reports have said the automaker will move production of the Citroen C3 hatchback to the plant from its factory in Poissy, France, where the company will add a subcompact model for the upscale DS brand....
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PSA CEO Tavares dampens talk of Fiat Chrysler merger

March 31, 2015 11:48 CET

PSA/Peugeot-Citroen will only be ready for a possible merger after it has completed its recovery plan, CEO Carlos Tavares told a newspaper, dampening speculation of a potential tie-up with Fiat Chrysler....
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Faurecia forms joint venture with China's Dongfeng

March 31, 2015 11:26 CET

Faurecia has agreed to form a joint venture with Dongfeng Motor to help increase its presence in the world's biggest car market. Faurecia is majority-owned by PSA/Peugeot-Citroen. Dongfeng has a 14 percent stake in PSA....
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PSA picks France factory over Spain for engine production expansion

March 27, 2015 09:47 CET

PSA said it has chosen a French factory over a rival Spanish plant to expand engine production. PSA will upgrade its Tremery site to produce the turbocharged version of a three-cylinder engine already manufactured there. The plant beat out PSA's factory in Vigo, Spain, for the additional 200,000 engines a year....
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PSA, Mitsubishi cuts jobs in Russia, halt output again

March 27, 2015 11:06 CET

PSA and Mitsubishi will halt production at their joint venture plant in Russia for the second time this year and cut 100 jobs....
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PSA may hit operating margin target earlier than planned, CFO says

March 23, 2015 13:15 CET

PSA could reach its main recovery target of achieving a 2 percent operating margin before a 2018 goal, finance chief Jean-Baptiste de Chatillon said. The carmaker's shares today rejoined the benchmark CAC-40 index after a two-and-a-half-year absence....
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PSA starts output in China for Dongfeng's domestic brand

March 11, 2015 06:01 CET

Dongfeng Peugeot Citroen Automobile, a joint venture between PSA and China's Dongfeng, has started building a midsize sedan for Dongfeng, marking the first time a global automaker has produced vehicles sold under the brand of its Chinese partner....
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PSA's blue-chip index comeback may spur recovery

March 6, 2015 10:40 CET

PSA will return to France's benchmark CAC-40 index, stock market operator Euronext said, delivering a likely boost to the carmaker as it emerges from a prolonged European sales slump and bailout....
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PSA may expand sales of Citroen C4 Cactus to China

March 4, 2015 06:01 CET

PSA may expand sales of its Citroen C4 Cactus to China in a sign that a repositioning of the brand is bearing fruit. Sales of the hatchback have topped 50,000, beating expectations....
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PSA, Mitsubishi will halt production in Russia

Feb. 20, 2015 09:09 CET

PSA/Peugeot-Citroen and Mitsubishi will close their joint venture plant in Russia for two weeks as the country's worsening economic situation hits vehicle sales....
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PSA reports first profit in 3 years after cutting costs

Feb. 18, 2015 08:53 CET

PSA took a step toward its recovery goals, raising its key cash-flow objective after strong China sales and a recovering Europe helped the automaker post its first annual operating profit in three years....
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NEWS ANALYSIS

Tavares 'starting to deliver' on PSA turnaround plan

Feb. 15, 2015 08:41 CET

Nearly 12 months after PSA/Peugeot-Citroen was rescued from financial disaster by the sale of stakes to China's Dongfeng and the French state, CEO Carlos Tavares is on track to turn around the troubled automaker, industry watchers say. PSA, which presents its 2014 financial results this week, has been boosted by surging sales in China, a recovery in Europe and the first results of Tavares' “Back in the Race” strategic plan....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

DS CEO wants upscale brand to have Audi-like impact

Feb. 5, 2015 06:15 CET

Yves Bonnefont, the CEO of PSA/Peugeot-Citroen's upscale DS brand, hopes the unit's sales will eventually represent 10 percent to 15 percent of its parent's annual volumes – up from 4 percent last year. At that level DS' sales contribution at PSA would match Audi's at VW Group....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for February

Feb. 2, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition looks at Europe's big 2014 sales winners and explains why 2015 is off to a positive start....
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After ending its long downturn, Europe sees positive signs in 2015

12:01 am U.S. ET | Feb. 2, 2015

Europe's six-year sales slump finally ended in 2014 as more than 80 percent of the brands competing in the region reported a year-on-year increase....
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ANE's February e-magazine goes live Monday

Jan. 30, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 2. This month's edition looks at Europe's big 2014 sales winners and explains why 2015 is off to a positive start....
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PSA winds down hybrid air fuel-saving project, still seeks partner to share costs

Jan. 22, 2015 12:45 CET

PSA/Peugeot-Citroen said it will continue development of its Hybrid Air technology to reduce fuel use, despite reports in the French press that the project almost certainly will not see commercialization....
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PSA sales rise 4% on China surge, Europe rebound

Jan. 14, 2015 09:50 CET

PSA/Peugeot-Citroen's deliveries rose for the first time in four years in 2014 as the automaker benefited from a surge in China and recovering demand in Europe....
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PSA's China sales boom may mark industry shift in favor of mass-market carmakers

Jan. 14, 2015 11:45 CET

PSA/Peugeot-Citroen's 32 percent increase in China vehicle sales last year, almost double the 17 percent BMW achieved, may mark an industry shift in favor of mass-market carmakers over premium brands in a cooling market....
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PSA will move out of Paris headquarters

Jan. 7, 2015 14:26 CET

PSA will move out of its Paris headquarters in 2017 to a location in the city's suburbs as part of a cost-cutting drive under its new part-Chinese ownership structure....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for January

Jan. 7, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition looks at why Jaguar expects 2015 to be a record-breaking year....
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Renault works on Citroen C4 Cactus rival

Dec. 19, 2014 14:47 CET

Renault is developing an affordable small car that could preview a future rival to the Citroen C4 Cactus....
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Toyota-PSA Czech JV plant cuts 2015 production target

Dec. 17, 2014 13:47 CET

Czech car factory TPCA, a joint venture of Toyota and PSA/Peugeot-Citroen, cut its 2015 production outlook by 10 percent to 220,000 vehicles....
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PSA may move Paris headquarters, report says

Dec. 17, 2014 15:01 CET

PSA/Peugeot-Citroen is considering shifting its headquarters away from the center of Paris as a cost-cutting push impacts executive ranks, Bloomberg reported....
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PSA will invest 150 million euros in French plant

Dec. 11, 2014 12:05 CET

PSA has agreed to invest 150 million euros ($187 million) over the next three years to add models such as upscale compact car at its plant in Poissy, France, unions said....
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