Dongfeng Motor Group

PSA investor group criticizes terms of planned capital hike

Feb. 4, 2014 10:45 CET
French minority shareholders' group ADAM has written to PSA to criticize the terms of a planned capital hike that will see Dongfeng and the French state take big stakes in the carmaker.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

PSA mulls new plant in China with Dongfeng

Jan. 17, 2014 10:16 CET
PSA is considering building a fourth car plant in China with its local joint venture partner, Dongfeng, to meet rising demand. PSA said it is in discussions with Dongfeng to raise the joint venture's production capacity as part of the automaker's plans to boost sales in the country.... Read More »

 

Renault will build SUVs in China with Dongfeng

Dec. 16, 2013 09:19 CET
Renault will build SUVs at its joint venture factory with Dongfeng as it targets to sell locally made vehicles in China by 2016.... Read More »

 

Renault will build SUVs in China with Dongfeng

3:19 am U.S. ET | Dec. 16, 2013
Renault will build SUVs at its joint venture factory with Dongfeng as it targets to sell locally made vehicles in China by 2016.... Read More »

 

Peugeot shares slump after GM move to sell 7% stake

6:04 am U.S. ET | Dec. 13, 2013
PSA Peugeot Citroen shares plunged Friday after GM announced plans to sell its entire Peugeot stake amid the struggling French carmaker's efforts to seek financial help from its Chinese partner.... 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 »

 

PSA and Dongfeng agree deal outline, report says

Dec. 11, 2013 17:57 CET
PSA and Dongfeng Motor have agreed on the main terms of an alliance backed by a $4.1 million to $5.5 billion capital injection for the French carmaker, the Financial Times reported.... Read More »

 

Renault-Dongfeng JV approved by China regulator

Dec. 5, 2013 14:12 CET
Renault said China's top economic planner has approved a joint venture between the automaker and Dongfeng to build and sell cars in China. The new venture plans to build 150,000 vehicles a year.... Read More »

 

Renault-Dongfeng joint venture approved by China regulator

Dec. 5, 2013 09:53 CET
Renault said China's top economic planner has approved a joint venture between the automaker and Dongfeng to build and sell cars in China. The new venture plans to build 150,000 vehicles a year.... Read More »

 

PSA names ex-Renault COO Tavares to succeed CEO Varin

3:13 am U.S. ET | Nov. 25, 2013
PSA Peugeot Citroen today named former Renault executive Carlos Tavares as its next CEO in a move that may help to secure new funding from Chinese partner Dongfeng.... Read More »

 

PSA said to discuss hiring ex-Renault COO Tavares to succeed CEO Varin

3:13 am U.S. ET | Nov. 25, 2013
PSA CEO Philippe Varin plans to step down next year and hire former Renault COO Carlos Tavares as his replacement, people familiar with the matter said. Varin wants Tavares to initially serve as his No. 2 while he focuses on completing talks with China's Dongfeng Motor to expand an existing partnership.... Read More »

 

PSA share sale hits snag as Dongfeng seeks smaller stake, report says

Nov. 20, 2013 16:34 CET
PSA/Peugeot-Citroen's plan to raise funds through a share sale have hit a snag as China's Dongfeng Motor seeks a smaller stake than first discussed, sources said.... Read More »

 

YANG JIAN

Beijing to automakers: Maintain the status quo

12:01 am U.S. ET | Nov. 18, 2013
Every five years the central committee of the Chinese Communist Party convenes to set social and economic policy goals for the country.... 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 »

 

YANG JIAN

Wuhan is poised to be China's Motor City

12:01 am U.S. ET | Nov. 15, 2013
Several Chinese cities are jostling for the title of "The Chinese Detroit" as they vie for bragging rights as the country's biggest auto producer. But Wuhan, which is home to Nissan, PSA, Renault and Honda, looks likely to win the title.... Read More »

 

YANG JIAN

How Dongfeng can protect a risky investment in PSA

12:01 am U.S. ET | Nov. 12, 2013
Dongfeng is being very cautious about a proposal to buy a stake in its joint-venture partner, PSA -- and rightly so. PSA would like to have Dongfeng's money, but won't be so happy to share technology.... Read More »

 

Getrag, Dongfeng to build transmission plant in China

Nov. 1, 2013 12:07 CET
German transmission supplier Getrag and partner Dongfeng Motor Corp. have launched construction of a dual-clutch transmission plant in the central China city of Wuhan.... Read More »

 

NEWS ANALYSIS

GM may develop future Opel vehicles on its own

Oct. 25, 2013 06:01 CET
General Motors' ability to reverse years of losses in Europe is coming down to products, not partners. GM appears to be gaining confidence that it doesn't need the help of PSA/Peugeot-Citroen or any other partner to return its European operations to profitability.... 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 »

 

NEWS ANALYSIS

GM may develop future Opel vehicles on its own in Europe

4:57 pm U.S. ET | Oct. 23, 2013
GM's ability to reverse years of losses in Europe is coming down to products, not partners. The company appears to be gaining confidence that it doesn't need the help of France's PSA Peugeot Citroen or any other partner to stem more than $18 billion in European losses over the past 13 years.... Read More »

 

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