By accelerating suddenly on the electric, Herbert Diess gives cold sweats to the equipment manufacturers. The boss of Volkswagen announced last week that the giant with twelve brands (Seat, Skoda, Audi, Porsche …) would focus on the electric at the expense of other technologies, forcing with him the whole branch to follow movement. And so… Continue reading Auto: the shift to electrical puts equipment manufacturers under pressure
Tag: PSA
Car industry: Opel agents make front against service provider Segula
Protests against sales plans at Opel The automobile service provider Segula battles deep distrust among the Opel workforce. (Photo: AP) RüsselsheimThe automobile service provider Segula beats from the ranks of OpelStaff continue to be deeply mistrustful. The fact that the French continued to pursue their concept of an “engineering campus” remained with the IG Metall… Continue reading Car industry: Opel agents make front against service provider Segula
Battery factory: VW and Northvolt plan European battery alliance
E-Golf Instead of building its own cell production, Volkswagen is once research. (Photo: AP) Düsseldorf, HanoverAs more and more European companies announce the construction of a cell factory Volkswagen first get into the research. Together with the Swedish battery start-up Northvolt and other partners from a total of seven EU countries want to enable “sustainable,… Continue reading Battery factory: VW and Northvolt plan European battery alliance
PSA Group’s Opel to resume production in Russia in Q4 – ETAuto.com
Opel added that it aimed to expand its presence in Russia and soon offer further models. BERLIN: French carmaker PSA Group‘s Opel said on Thursday it would resume production at a factory in Kaluga, Russia, in the fourth quarter after exiting the Russian market in 2015. Opel said it would start selling three models in… Continue reading PSA Group’s Opel to resume production in Russia in Q4 – ETAuto.com
Peugeot family open to merger with FCA Group
Peugeot family open to merger with FCA Group
Fiat Chrysler gains after Peugeot president points to merger potential
Daniel Acker | Bloomberg | Getty Images
A row of Fiat Chrysler Automobiles (FCA) 2017 Crysler Pacifica minivan vehicles are displayed for sale at a car dealership in Moline, Illinois, on Saturday, July 1, 2017.
Fiat Chrysler shares jumped on Tuesday to the top of Europe's STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was among the options.
“With them, as with others, the planets could be aligned,” Robert Peugeot was reported as saying, asked about targets for acquisitions or mergers.
Fiat Chrysler declined to comment.
Shares in the Italian-American carmaker were up 5.2 percent by 6:50 a.m. EST, while Peugeot gained 2.7 percent, helping boost Europe's autos index which was up 2.5 percent.
Peugeot's remarks came on the heels of reports the group's CEO Carlos Tavares is open to deals and that Fiat, General Motors, and Jaguar Land Rover could be ideal partners.
FCA's new boss Mike Manley, who took over after deal-making guru Sergio Marchionne died last year, said this month the carmaker was open to pursuing alliances and merger opportunities if they make sense and strengthen its future.
FCA is often cited as a possible merger candidate because of its strong exposure to the North American market, where it generates the lion's share of profits, and because of its popular Jeep, RAM and Maserati brands.
“PSA is essentially an EU pure play as things stand (roughly 90 percent of consolidated unit sales in EU) so an acquisition of a company with a broader reach would make strategic sense,” said Evercore ISI analyst Arndt Ellinghorst.
Investors and analysts alike were wary of betting on an imminent deal, though, mindful of potential antitrust obstacles.
“Although we believe that some M&A could materialize in the automotive sector, we do not expect it in the short term,” said Mediobanca Securities analyst Andrea Balloni.
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Fiat Chrysler revs up as Peugeot points to merger potential
LONDON (Reuters) – Fiat Chrysler shares jumped on Tuesday to the top of Europe’s STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was among the options. FILE PHOTO: Fiat Chrysler Automobiles logo is seen on a panel… Continue reading Fiat Chrysler revs up as Peugeot points to merger potential
Groupe Renault announces appointments in Regions
In order to accelerate the Group transformation, boost the profitability of operations and develop growth in new markets, Groupe Renault announces the following appointments in its Regions. As of April 1, 2019: Philippe Buros, currently SVP Market Area France, is appointed chairman of the Europe Region. He reports to Olivier Murguet, EVP, Sales and… Continue reading Groupe Renault announces appointments in Regions
Peugeot ready to support a PSA offensive
They agree with the applied historical epithet PSA’s latest financial results. Six years after the eventual rescue of the automaker then under water, members of the Peugeot bicentennial dynasty can only congratulate the return to grace of the group led by Carlos Tavares. “The Opel operation is an exceptional success, we did not think that… Continue reading Peugeot ready to support a PSA offensive
Sikeres termeléstámogatás Thaiföldön
*/ ]]> A benzines SGE motorjainkra mutatkozó növekvő vevői igény kielégítése érdekében a szerelt üzemanyagcső beszállítója, a Continental egy thaiföldi céget, a Global Thaixont ofta be az üzemanyagcső injector csatlakozó megmunkálásába. Az Opel Szentgotthárd munkatársai közül február elején chains, az EEST osztályról Tollas Gábor Group Leader és Herczeg Szabolcs NC Technológus is kiutaztak Bangkok ipari… Continue reading Sikeres termeléstámogatás Thaiföldön