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Category: Automotive
@Groupe PSA: PR Groupe PSA announces the launch of the sale of part of its stake in Faurecia000530
Peugeot S.A. (“Groupe PSA”) launches today the sale of 9,663,000 Faurecia shares, representing approximately 7% of Faurecia’s share capital, further to the press release published by Groupe PSA earlier today relating to the merger process between Fiat Chrysler Automobiles N.V. (“FCA”) and Groupe PSA. The transaction will be conducted via an institutional private placement by way… Continue reading @Groupe PSA: PR Groupe PSA announces the launch of the sale of part of its stake in Faurecia000530
@Groupe PSA: PR FCA and Groupe PSA Boards note continued progress towards merger completion and agree additional steps including in respect of Faurecia stake distribu…000529
AVIS IMPORTANT En lisant cette communication, vous acceptez de fait d’être lié par les limitations et qualifications suivantes: Cette communication n’est donnée qu’à titre informatif et ne constitue ni une offre, ni une invitation à échanger ou à vendre, ni à solliciter une offre de souscription ou d’achat, ni une invitation à échanger, acheter… Continue reading @Groupe PSA: PR FCA and Groupe PSA Boards note continued progress towards merger completion and agree additional steps including in respect of Faurecia stake distribu…000529
@Groupe PSA: PR Q3 2020 Auto revenue: back to growth000528
Automotive division[1] revenue up 1.2% at €12 billion driven by a recurring strong product mix and pricing policy; Group revenue down 0.8% at €15.5 billion; Success of recent launches with an increasing mix of electrified versions contributing to CO2 leadership; Significant sales growth in Middle East & Africa Groupe PSA revenue amounted to €15,453 million… Continue reading @Groupe PSA: PR Q3 2020 Auto revenue: back to growth000528
China EV startup WM Motor issues recall after battery fires
HONG KONG — WM Motor, a startup electric vehicle producer backed by Tencent Holdings and Baidu, has issued a recall for more than 1,000 vehicles after three caught fire within a month. The news comes as a blow just a month after WM raised 10 billion yuan ($1.49 billion) from investors led by the Shanghai city government and state-owned carmaker SAIC… Continue reading China EV startup WM Motor issues recall after battery fires
German Handelsblatt: Shareholder action: model plaintiff against Porsche in the diesel scandal is established000663
Annual General Meeting of Porsche SE (archive image) Did the Volkswagen parent inform you in good time about the financial consequences of the diesel scandal? (Photo: dpa) Frankfurt The affair of manipulated diesel vehicles has costly consequences for the Volkswagen Group. After the car owners, the investors are also demanding compensation. The VW parent, Porsche… Continue reading German Handelsblatt: Shareholder action: model plaintiff against Porsche in the diesel scandal is established000663
Lime’s CEO on the future of scooters: ‘COVID has turned from a headwind into a tailwind’
Like most shared scooter companies, Lime was hit hard by the coronavirus pandemic. “We saw a 95 percent drop in ridership,” Lime CEO Wayne Ting says in an interview. “We’re a mobility company. And one of the things with mobility companies, when communities shut down, riders shut down.” But while the world still remains in… Continue reading Lime’s CEO on the future of scooters: ‘COVID has turned from a headwind into a tailwind’
Citroen UK three-year plan to boost market share, reduce haggling
Citroën UK has confirmed a “far-reaching and impactful” three-year strategy aimed to “unlock the full potential” of the French brand. The plan, which focuses on multiple areas of the business, is hoped to raise sales volumes which have taken a dramatic 48% year-on-year hit so far in 2020, with just over 22,000 vehicles registered. It compliments Citroën’s… Continue reading Citroen UK three-year plan to boost market share, reduce haggling
Mini details pivotal new electric models and large SUV
Mini has offered the first official hints about how it plans to expand its electrified line-up, following the recent launch of the all-electric Mini hatchback. Outlining its product strategy for the near future, the brand said it will “enable customers all over the world to have emission-free driving with a completely electrified model family” while still offering… Continue reading Mini details pivotal new electric models and large SUV
Citroen UK has “huge desire” to bring Ami city car to Britain
Citroën is in the latter stages of evaluating the Ami electric city car for a sales debut in Britain, according to the firm’s UK managing director. Speaking to Autocar, Eurig Druce said there is a “huge desire” to bring the quirky two-seater to market here. “This is a true Citroën,” he elaborated. “This is absolutely what… Continue reading Citroen UK has “huge desire” to bring Ami city car to Britain