PSA

PSA and Dongfeng will develop platform for compact and subcompact cars

April 19, 2015 11:45 CET

PSA/Peugeot-Citroen and China's Dongfeng will jointly develop a platform for small cars for the Peugeot, Citroen, DS and Dongfeng brands. The platform will become operational starting in 2018 and can be used to develop up to 20 models from sedans to SUVs, PSA and Dongfeng said....
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Europe recovery continues in March

April 16, 2015 09:15 CET

European car sales increased 11 percent in March, the strongest growth in a year, as the region's improving economy fueled demand for vehicles made by automakers such as VW Group, Renault and Fiat Chrysler. Last month 1.65 million vehicles were sold in the region....
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PSA's upscale DS brand will join booming SUV/crossover segment

April 15, 2015 11:40 CET

PSA/Peugeot-Citroen's upscale DS brand plans to launch a subcompact SUV/crossover that will rival models such as the Renault Captur and Mini Countryman....
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BRUCE GAIN

BLOG: Citroen C4 Cactus's love-it-or-hate-it styling is a winner

3:49 am U.S. ET | April 10, 2015

The C4 Cactus's victory in the World Car Design of the Year contest vindicates Citroen's decision to launch the unconventionally styled crossover....
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Citroen mulls new naming structure for its lineup

April 10, 2015 06:01 CET

Citroen is considering a new naming structure to help better distinguish its cars within parent PSA/Peugeot-Citroen's range of vehicles....
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2015 SHANGHAI AUTO SHOW

Citroen hints at new compact SUV with Aircross concept

April 8, 2015 11:43 CET

Citroen released details of its Aircross concept that likely previews the brand's next compact SUV. The concept is a further evolution of the C4 Cactus's bold, rounded styling that emphasizes Citroen's new market positioning as a functional brand....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

PSA CEO reveals the next steps in automaker's revival

April 7, 2015 06:15 CET

PSA/Peugeot-Citroen CEO Carlos Tavares discussed the challenges the automaker needs to overcome to complete its turnaround, including boosting scale, improving net pricing and giving customers options they really value....
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LUCA CIFERRI

BLOG: How PSA's Tavares keeps his desk clean

12:01 am U.S. ET | April 6, 2015

PSA's Carlos Tavares has topped past and present CEOs Lee Iacocca, Jacques Nasser and Sergio Marchionne in an interesting category: He has the cleanest desk of any automaker CEO I have ever met....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bold moves, positive results highlight Tavares' 1st year as PSA boss

April 6, 2015 06:15 CET

PSA CEO Carlos Tavares has succeeded in putting the automaker back on track a year after its 3 billion euro bailout. He has returned PSA to France’s benchmark CAC-40 stock index and implemented cost cuts that helped the automobile division record its first operating profit in three years in 2014....
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Too early to talk tie-up, Tavares says

12:01 am U.S. ET | April 6, 2015

Equity research firm MainFirst has speculated how a potential merger between Fiat Chrysler Automobiles and PSA Peugeot Citroen could work out. But PSA will be ready for a possible merger only after it has completed its recovery plan, CEO Carlos Tavares told an Italian newspaper....
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PSA's Slovakia unit to boost output with new model

March 31, 2015 15:29 CET

PSA 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....
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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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