PSA Peugeot Citroën
Automotive industry company news
These are interesting times for PSA Peugeot Citroën or, as it now wants to be known, PSA Groupe....
PSA Peugeot Citroen is claiming a couple of firsts for its redesigned mid-size Peugeot Expert and Citroen Jumpy/Dispatch model lines - a new...
Through a review of seven years of Iranian light vehicle production data, just-auto provides an understanding of the automotive industry’s current situation and identifies trends and opportunities in the sector that are now available. This is the first instalment in March's management briefing.
A fair number of interesting stories came out of Geneva this week. We learned, for example, that Jeep almost got yanked from the UK market in 2012. And has apparently been saved by the (Fiat-built) Renegade. Volkswagen's little diesel difficulty isn't worrying GM Europe - Opel's boss wants to increase the diesel mix as he also adds a little electrification to the bowl. Even better, after years of losses and not a little restructuring pain (RIP Bochum and Antwerp plants), breakeven is on the cards this year.
The really interesting stuff all happened as this week drew to a close - yesterday Volkswagen 'fessed up over the 'dieselgate' scandal and, today, Tata Motors' English luxury vehicle unit Jaguar Land Rover finally confirmed the location for its new manufacturing plant.
The Volkswagen group 'emissions scandal' rumbled on this week as more skeletons were rattled out of closets. There's bound to be a few more when the automotive equivalent of the Spanish inquisition starts internally, following this week's report that "around 50" employees have come forward just ahead of the deadline to testify in the group's internal investigation into the emissions controls cheating scandal. Employees had been given until Monday to come forward to testify without fear of repercussions - on the part of VW.
PSA Peugeot Citroen chief executive has a considerable challenge on his hands to forge a successful place in the global market for the company and its three brands - Peugeot, Citroen and DS. He tells Ray Hutton how 'Back in the Race' is bringing results.
In the second and final part of an interview with Maxim Picat, the head of Peugeot explains why the brand cannot launch a low-cost model, and details plans for new energy cars.
The model year 2017 Peugeot 208 brings with it the Brazilian debut of PSA's 1.2-litre/122 cubic inch, three-cylinder, flex-fuel engine which has earned a triple-A grading from the Brazilian Labelling Programme (PBE) - it gets the best fuel economy of any car sold in Brazil.
PSA has recorded first quarter revenue of EUR13bn (US$14.7bn), of which EUR8.8bn was for the Automotive division, an increase of 1.5% at constant exchange rates and EUR4.7bn for Faurecia.
PSA Group launched a new model exclusively for the Chinese market at this week's Beijing show - the DS 4S. Designed in France and produced at PSA's Shenzhen joint venture factory, the car is positioned as a 'premium hatchback' in the compact car segment.
NSK says it wants to continue its relationship with PSA Groupe, despite the French automaker pursuing a civil claim related to bearings cartel activity in tandem with several other suppliers.
PSA Groupe supplier, NSK, says it is "absolutely possible" it could reach an out of Court settlement with the French automaker, which is seeking US$577m from several bearings manufacturers involved in price fixing activities.
PSA Groupe companies are claiming damages for what they say is price fixing among several bearings suppliers, with some reports putting the total at hundreds of millions of Euros.
PSA Groupe says it believes it is shaking off the "tyranny of automotive business cycles" and now has a sustainable operation after turning round previous heavy losses to record a EUR1.2bn (US$1.4bn) profit last year.
PSA Peugeot Citroen says it wants to embrace the challenges of the current "sometimes chaotic" environment in its 'Push to Pass' initiative launched yesterday (5 April) in Paris.
PSA Peugeot Citroën has officially rebranded itself as PSA Groupe, a symbolic change presented as part of its "Push to Pass" business strategy outlined in Paris this week.
PSA Peugeot Citroën has presented a new five-year business plan that includes a raft of new products and the aim to "transform the company in order to unleash its full potential" and grow sales and operating margin.
PSA Peugeot Citroen says its announcement today (5 April) of a major ramp up in product launches will entail a "significant" increase in demands on its supply chain.
PSA Peugeot Citroen says it has a ten-year plan to return to the US, but will initially test the market with mobility operations such as car sharing to gauge a feeling for customer preferences.
PSA Peugeot Citroën has invested peer-to-peer (P2P) carsharing start-up Koolicar, becoming a shareholder alongside MAIF, Koolicar's historic partner since 2010. The transaction represents a total amount of EUR18m, PSA said.
Analysts insist the recent deal ending sanctions against Iran "has to hold" as suppliers and OEMs - including those from Russia - eye the market as providing genuine opportunity.
PSA premium brand DS is planning hybrid and electric performance models in the future, according to DS brand CEO Yves Bonnefont, speaking to just-auto at the Geneva Motor Show.
PSA Peugeot Citroën says it has got a majority of labour unions to sign up to its 2016 pay round.
PSA Peugeot Citroen has posted full-year net profit for 2015 of EUR1.2bn (US$1.3bn), up EUR1.8bn compared to 2014.
In 2015 the European car market totalled 14.2m new registrations, an increase of 9.3% over 2014 full year results; the highest since 2009. The market benefited from the last two months of double-digit growth with December setting the highest positive monthly change of the last three years at 1.16m units. Therefore, the last quarter volume increase was the highest of the year, standing at 10.2% more than in Q4 2014, representing 3.42m cars sold in total. The Seasonally Adjusted Annual Rate, SAAR, came in at 16.52m units.
As reported by just-auto last week, PSA’s DS premium brand has now officially opened a DS Store in Iran’s capital, Tehran.
As part of its 'Open Innovation' strategy, PSA Peugeot Citroën says it is strengthening its ties with top post-graduate schools and universities by creating an OpenLab in Africa.
PSA Peugeot-Citroen’s standalone premium brand, DS, is targeting sales in Iran and plans to open a store in Tehran "in the next few days", according to DS CEO Yves Bonnefont.
PSA Peugeot Citroën said it was pleased to learn that the initial results obtained by the Peugeot 208 and 508 in tests organised by the technical committee led by the French Ministry of Ecology, Sustainable Development and Energy comply with regulations and are aligned with homologated data.
I got to visit the Louvre museum in Paris last week with PSA Peugeot-Citroen. It was a pretty lavish affair for a facelift to the DS 3 model, but the scale of the event and the lavishness points to how important the premium DS brand is to PSA.
What to do with an old vehicle plant site once last units have been shipped and the buildings bowled?
PSA Peugeot Citroen S.A. - Strategy and SWOT Report
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