Category: News Type

@Groupe PSA: PSA and BNP Paribas Enter into a Long-term Strategic Partnership with Joint Acquisition of Opel/Vauxhall Brands

PSA and BNP Paribas Enter into a Long-term Strategic Partnership with Joint Acquisition of Opel/Vauxhall Brands PARIS, 09-Mar-2017 — /EuropaWire/ — As part of the broader alliance announced today between PSA Group and GM’s Opel subsidiary, PSA and BNP Paribas have agreed to jointly acquire Opel / Vauxhall’s captive financing activities and have entered into a… Continue reading @Groupe PSA: PSA and BNP Paribas Enter into a Long-term Strategic Partnership with Joint Acquisition of Opel/Vauxhall Brands

@Groupe PSA: Supervisory Board Press Release – Cooptation

At its extraordinary meeting on April 3, 2020, on proposal of shareholder Dongfeng Motor Group Company Ltd, Peugeot S.A.’s Supervisory Board decided to co-opt M. ZHANG Zutong as a member of the Supervisory Board, replacing M. YOU Zheng, who has resigned, and appointed M. ZHANG Zutong as a member of the Financial and Audit Committee,… Continue reading @Groupe PSA: Supervisory Board Press Release – Cooptation

@Groupe PSA: Groupe PSA signs an additional € 3 billion syndicated loan

In the current Covid-19 context, Groupe PSA strengthens its financial security with a new syndicated loan amounting to €3 billion in addition to the existing €3 billion undrawn confirmed line of credit for a total amount of € 6 billion. This syndicated loan has an initial maturity of 12 months with two optional 3-month extensions.… Continue reading @Groupe PSA: Groupe PSA signs an additional € 3 billion syndicated loan

China leans on auto subsidies to jump-start post-virus economy

BEIJING — After declaring victory on stemming the coronavirus outbreak, China aims to stimulate depressed consumption with subsidies for auto purchases and looser caps on car ownership. Auto sales in China plummeted 45% in March from a year earlier, according to an industry group, following a 37% decline for January and February. The auto industry makes up 10% of the country’s gross domestic… Continue reading China leans on auto subsidies to jump-start post-virus economy

@Hyundai: Athletic Elegance of the Genesis G80

G80 was reborn with its new design philosophy. And here is what the designer had to say about the exterior. [embedded content] G80, which has been the signature model since before Genesis began its own branding in 2015, was reborn with its new design philosophy. Genesis unveiled the all-new G80 filled with the company’s vision… Continue reading @Hyundai: Athletic Elegance of the Genesis G80

Renault plant in Moscow extends production suspension

MOSCOW, April 6. / TASS /. The Renault concern in Moscow has extended the suspension of production in connection with the decree by Russian President Vladimir Putin on the extension of non-working days until the end of April, an official representative of the company told TASS on Thursday.
“In accordance with the decree by the Russian President, the Moscow Renault plant suspended car production starting on March 30, 2020. These are paid non-working days for workers. The plant will resume its work depending on further decisions of the government,” the representative said.
Previously, the week from March 30 to April 3 was declared a non-working week, to combat the spread of the coronavirus. The Renault plant suspended the conveyor for this period. Later, the President announced the extension of non-working days until April 30.
The suspension of production was also announced by Nissan, Toyota and the Avtotor Kaliningrad plant. At the same time, starting on April 6, automobile production w..

Lear Publishes Interactive Safe Work Playbook on Lear.com

SOUTHFIELD, Mich., April 6, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, is making available to all organizations its Safe Work Playbook, a newly created interactive guide offering potentially helpful practices for health and safety procedures, cross-functional teamwork, operating discipline and training for employees in response to the… Continue reading Lear Publishes Interactive Safe Work Playbook on Lear.com

@BMW: BMW Group focuses on flexibility and solidarity in dealing with Coronavirus Pandemic

Munich. During the current coronavirus pandemic, protecting employees and taking responsibility for society are the number one priority for the BMW Group. At the same time, it is important to safeguard the company’s liquidity and secure its long-term success. The sales result for the first quarter was overshadowed by the global impact of COVID-19 and… Continue reading @BMW: BMW Group focuses on flexibility and solidarity in dealing with Coronavirus Pandemic

New car sales in UK plunge by 44% as coronavirus bites

Automotive industry Auto plant shutdowns in Europe and North America may cost the industry more than $100bn Coronavirus – latest updates See all our coronavirus coverage UK car sales in March were 203,000 down on the same month a year earlier, according to the Society of Motor Manufacturers and Traders. Photograph: Gareth Fuller/PA Britain’s new… Continue reading New car sales in UK plunge by 44% as coronavirus bites