Jan 18 (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Thursday he planned to meet next week with the automaker’s UK unions and government officials to discuss the future of Peugeot’s Vauxhall plant, where Tavares said production costs are twice those of its plants in France. Peugeot has already begun cutting jobs in… Continue reading Peugeot CEO to meet with UK unions, govt officials
Author: Ritters US Newsfeed
Peugeot ‘very open’ to alliance in Latin America – CEO
Jan 18 (Reuters) – Peugeot SA is “very open” to a potential alliance in Latin America, the chief executive of the French automaker, Carlos Tavares, said during a media briefing on Thursday. Tavares declined to say whether Peugeot planned to discuss a partnership with Ford Motor Co. His remarks come two days after Ford executives… Continue reading Peugeot ‘very open’ to alliance in Latin America – CEO
BMW aims to outsell Mercedes by 2020: CEO tells Manager Magazin
FRANKFURT (Reuters) – BMW (BMWG.DE) aims to overtake rival Mercedes-Benz in terms of annual deliveries within two years, Chief Executive Harald Krueger told German monthly Manager Magazin. “In 2020 we will be the No.1 in terms of unit sales again. I am holding my team to that target, even if it won’t be a walk… Continue reading BMW aims to outsell Mercedes by 2020: CEO tells Manager Magazin
Uber partners with taxi firm ComfortDelGro for new Singapore service
SINGAPORE (Reuters) – Uber Technologies [UBER.UL] and Singapore’s top taxi operator ComfortDelGro Corp Ltd will launch a new ride-hailing service in Singapore from Friday, as they team up against their key regional rival Grab. UberFLASH, that will connect riders to drivers closest to them – either a private vehicle or a taxi, is the first… Continue reading Uber partners with taxi firm ComfortDelGro for new Singapore service
UPDATE 2-Peugeot CEO outlines ambitious plan to re-enter U.S., go electric
DETROIT (Reuters) – Peugeot SA (PEUP.PA) Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors Co (GM.N) to develop vehicles to re-enter the U.S. market, and said Peugeot will offer electrification as an option on all its vehicles by 2025. Tavares used… Continue reading UPDATE 2-Peugeot CEO outlines ambitious plan to re-enter U.S., go electric
UPDATE 1-Peugeot CEO: All PSA vehicles will electrified by 2025
DETROIT (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Wednesday that by 2025 “the PSA Group will be 100 percent electrified,” and said the French automaker will use the know-how of former Opel engineers acquired from General Motors Co (GM.N) to design vehicles for the U.S. market that would compete in GM’s home… Continue reading UPDATE 1-Peugeot CEO: All PSA vehicles will electrified by 2025
Big portion of future GM electric vehicles for China market -exec
DETROIT, Jan 17 (Reuters) – General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said, “China is at the heart of our electrification strategy.” Tsien did not say which GM brands would sell… Continue reading Big portion of future GM electric vehicles for China market -exec
Ghosn lays groundwork for withdrawal as Renault CEO
PARIS (Reuters) – Renault-Nissan (RENA.PA)(7201.T) is to pursue plans to create separate strategy and operations leadership roles, Renault CEO Carlos Ghosn said on Wednesday in a sign he may pull back as boss of the French carmaker. Ghosn, who heads of the Renault-Nissan alliance that also includes Mitsubishi Motors (7211.T), had already stepped back from… Continue reading Ghosn lays groundwork for withdrawal as Renault CEO
UPDATE 2-Renault-Nissan’s Ghosn claims top spot despite VW record sales
FRANKFURT (Reuters) – Volkswagen (VW) (VOWG_p.DE) reported a 4.3 percent rise in 2017 sales to 10.7 million vehicles, staying ahead of Toyota (7203.T) in the race to keep the title of world’s biggest carmaker although Renault-Nissan (RENA.PA) has forecast it would go top. Last year’s sales by the German firm, which is still dealing with… Continue reading UPDATE 2-Renault-Nissan’s Ghosn claims top spot despite VW record sales
UPDATE 1-Mazda vows to stay independent despite deeper ties with Toyota
DETROIT (Reuters) – Japan’s Mazda Motor Corp (7261.T) on Wednesday said that while it is deepening its development and production partnership with Toyota Motor Corp (7203.T), the small automaker would remain a company independent from its much bigger rival. Mazda and Toyota last week said they will build a $1.6 billion joint assembly plant in… Continue reading UPDATE 1-Mazda vows to stay independent despite deeper ties with Toyota