Category: Official Press Release

FAURECIA AMENDS AND EXTENDS ITS €1.2 BILLION LONG-TERM SYNDICATED CREDIT FACILITY

Faurecia signed on June 15 an Amend & Extend (A&E) agreement regarding its €1.2 billion Syndicated Credit Facility, initially signed in December 2014 and already amended in June 2016. This new agreement extends the maturity of the facility, which is undrawn as of today, from June 2021 to June 2023, with two optional one-year extensions.… Continue reading FAURECIA AMENDS AND EXTENDS ITS €1.2 BILLION LONG-TERM SYNDICATED CREDIT FACILITY

Ford Acquires Iconic Michigan Central Station as Centerpiece of New Detroit Campus to Usher in Ford’s Smart, Connected Future

  Ford has acquired the iconic Michigan Central Station and plans to transform it into the centerpiece of a vibrant new campus in Detroit’s Corktown neighborhood that will serve as an innovation hub for Ford’s vision for the future of transportation The Corktown campus is a place where Ford and its partners will work on… Continue reading Ford Acquires Iconic Michigan Central Station as Centerpiece of New Detroit Campus to Usher in Ford’s Smart, Connected Future

Michigan Central Station Through The Years

Michigan Central Station framework, circa 1913. Michigan Central Railroad had bought 50 acres of land in Detroit’s Corktown neighborhood after the downtown depot – located at Third and Jefferson – could no longer accommodate railroad’s growing business. The first train left the station for Saginaw and Bay City on Dec. 26, 1913; that same day,… Continue reading Michigan Central Station Through The Years

Diesel affair burdened car dealers

19.06.2018 Ι The diesel affair hits workers in car dealerships and car repair shops twice as hard. They sell fewer cars and diesel car owners like to let their frustration on them. Employees in the automotive industry are increasingly suffering from the consequences of the diesel affair. “What is still earned in service, is lost… Continue reading Diesel affair burdened car dealers

Rupert Stadler has been temporarily released from his duties as a member of the Board of Management – Supervisory Board accepts Stadler’s request

News Press Release News Group Wolfsburg, 19 June 2018 Rupert Stadler has been temporarily released from his duties as a member of the Board of Management – Supervisory Board accepts Stadler’s request On Tuesday, the Supervisory Board of Volkswagen Aktiengesellschaft accepted the request of member of the Group Board of Management Rupert Stadler to release him from… Continue reading Rupert Stadler has been temporarily released from his duties as a member of the Board of Management – Supervisory Board accepts Stadler’s request

That drives Opel

*/ ]]> Rüsselsheim TechDay (11-14 June 2018): Around 240 journalists, financial analysts, suppliers, dealers, politicians and employees will learn the key role of the Rüsselsheim Research and Development Center in the global engineering network of Groupe PSA. Although the electrification of the Opel model range is a mainstay of the PACE! Plan, that does not… Continue reading That drives Opel

This benefits the entire Groupe PSA

*/ ]]> Rüsselsheim TechDay (11-14 June 2018): Around 240 journalists, financial analysts, suppliers, dealers, politicians and employees will learn the key role of the Rüsselsheim Research and Development Center in the global engineering network of Groupe PSA. Rüsselsheim TechDay: Relaxed semi-darkness, comfortable armchairs, a gigantic screen. The Virtual Reality Room of the Design Center is… Continue reading This benefits the entire Groupe PSA

Joint press release from the Supervisory Board and from the Managing Board. Appointment of Philippe de Rovira, Chief Financial officer, Groupe PSA.

Jean-Baptiste de Chatillon, Member of the Managing Board and CFO of Groupe PSA, has decided to leave the company for personal reasons. He will be replaced by Philippe de Rovira, currently CFO of Opel Vauxhall. Both decisions will be effective as of August 1st. “The Supervisory Board thanks Jean-Baptiste de Chatillon for his strong contribution… Continue reading Joint press release from the Supervisory Board and from the Managing Board. Appointment of Philippe de Rovira, Chief Financial officer, Groupe PSA.