PSA

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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Volkswagen said to plan car production in Nigeria

Dec. 9, 2014 18:54 CET
VW plans to start assembling cars in Nigeria, joining PSA/Peugeot-Citroen and Nissan, which build cars in the country. Nigeria is Africa's most populous nation and is emerging as a key growth driver for the continent....
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PSA signs deal to boost production in Kazakhstan

Dec. 5, 2014 15:56 CET
PSA and AllurGroup have signed an agreement to start complete knockdown production of the Peugeot 301 in Kazakhstan. The Kazakh auto market is expected to reach 200,000 units next year, more than tripling from 45,000 units in 2011....
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Dongfeng faces corruption probe from Chinese authorities

Dec. 1, 2014 14:05 CET
Chinese authorities are investigating state-owned automaker Dongfeng Motor for possible corruption. Dongfeng is a local partner of PSA/Peugeot-Citroen and earlier this year bought a 14 percent stake in the French automaker....
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PSA launches 4th Chinese-built SUV

Nov. 25, 2014 10:48 CET
PSA has launched its fourth Chinese-built SUV, the Citroen C3-XR, in the world's biggest auto market. PSA's other locally produced SUVs are the Peugeot 2008, Peugeot 3008 and DS6....
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Dongfeng-PSA to sell imported vehicles in China next year

Nov. 19, 2014 06:01 CET
Dongfeng Peugeot Citroen Automobile, PSA's joint venture with Dongfeng Motor, will take over the vehicle import business currently run by the French automaker's Asia office. The move integrates PSA's vehicle distribution channels in China....
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PSA plans to cut 3,450 French jobs in 2015, report says

Nov. 19, 2014 17:27 CET
PSA/Peugeot-Citroen is preparing to cut another 3,450 French jobs next year, sources said, as the troubled carmaker pursues a recovery plan under new CEO Carlos Tavares....
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PSA moves Xavier Peugeot to Citroen, names new Peugeot product chief

Nov. 14, 2014 06:01 CET
PSA/Peugeot-Citroen named Xavier Peugeot as product planning chief of Citroen. He moves to the role from head of product planning for the Peugeot brand and is tasked with helping Citroen to achieve a coherent product range....
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PSA may take low-cost step with Moroccan outsourcing

Nov. 6, 2014 15:36 CET
PSA will open an engineering center in Morocco and may build cars in the country as part of CEO Carlos Tavares' plan to reduce costs and return the automaker to profit, sources said....
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BRUCE GAIN

China has room for PSA's upscale DS brand

12:01 am U.S. ET | Oct. 25, 2014
PSA's upscale DS brand is on track to be successful in China because of consumer demand for French luxury goods, but it is unlikely to be a serious rival to the popular German premium brands....
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