PARIS (Reuters) – French carmaker PSA Group (PEUP.PA) is open to new industry tie-ups and is attracting attention from competitors after its lightning turnaround and swift progress in restructuring recently acquired Opel, Chief Executive Carlos Tavares said. FILE PHOTO: Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group, poses in… Continue reading Peugeot open to new deals as turnaround draws attention -CEO
Tag: PSA
TomTom shares lifted by BMW, Peugeot contract wins
AMSTERDAM (Reuters) – TomTom shares jumped 4 percent on Tuesday after the Dutch navigation company said it had struck deals with carmakers BMW and Peugeot. TomTom navigation are seen in front of TomTom displayed logo in this illustration taken July 28, 2017. REUTERS/Dado Ruvic TomTom said at the Paris motor show that it had extended… Continue reading TomTom shares lifted by BMW, Peugeot contract wins
Toyota says hard Brexit would halt UK plant as BMW warns over Mini
Automotive industry Bosses of Jaguar Land Rover, Peugeot and Daimler also voice concerns at Paris Motor Show About 90% of the cars made at Toyota’s Burnaston plant in Derbyshire are exported to Europe Photograph: David Jones/PA Toyota would be forced to halt car production in the UK and BMW could shift production of the Mini… Continue reading Toyota says hard Brexit would halt UK plant as BMW warns over Mini
UPDATE 1-Carmakers step up warnings over disorderly Brexit
PARIS (Reuters) – Carmakers ratcheted up their Brexit warnings on Tuesday, with France’s PSA Group (PEUP.PA) and Germany’s BMW (BMWG.DE) both saying UK production would suffer if Britain leaves the European Union without a deal. Dieter Zetsche, chairman of the board of management of Daimler AG, and Ola Kallenius, member of the board of management… Continue reading UPDATE 1-Carmakers step up warnings over disorderly Brexit
Making cars separately for UK and EU would impact UK production, PSA warns
PARIS (Reuters) – If Britain’s departure from the European Union disrupts trade to the extent PSA Group (PEUP.PA) has to make cars separately for the two markets, there would “necessarily be an impact” on its UK production, the automaker’s European boss said on Tuesday. FILE PHOTO: Maxime Picat, Peugeot Brand CEO, speaks during a presentation… Continue reading Making cars separately for UK and EU would impact UK production, PSA warns
Opel makes profit again
Tuesday, 07/24/2018 08:31 clock The car manufacturer Opel earns money again under its new French owner PSA. In the first half of the year, the operating result for the Opel division amounted to 502 million euros, as the company announced. Opel had previously been in the red for nearly 20 years. “After many years, the… Continue reading Opel makes profit again
PEUGEOT leader in the passenger car market in September
In September 2018, PEUGEOT was number one in the passenger car market. The Lion brand is the leader in the private sales channel and the PEUGEOT 208 is the leader in this segment.In the first nine months of 2018, PEUGEOT posted the best growth of French brands in the passenger car and passenger car +… Continue reading PEUGEOT leader in the passenger car market in September
The new Volkswagen
Wednesday, 08/22/2018 04:21 clock For the first time since time immemorial Opel has again hit the black , Although the positive result with a plus of half a billion euros once only for the first half, but Opel CEO Michael Lohscheller is optimistic: “We have a clear vision of how we want to successfully shape… Continue reading The new Volkswagen
Opel wants to outsource up to 2000 employees
Wednesday, 09/05/2018 12:13 clock What’s next with the development center of Opel in Ruesselsheim? The car manufacturer plans to outsource up to 2000 employees to the French engineering service provider Segula Technologies. The goal is a strategic partnership with the family business, which is already for the new Opel mother PSA is active, Opel said.… Continue reading Opel wants to outsource up to 2000 employees
Opel plans short-time working in Eisenach
Tuesday, 09/18/2018 19:39 clock The troubled carmaker Opel due to weak demand in its Eisenacher plant plans for October on a larger scale short-time working , The Mainz publishing group VRM says workers in both shifts will only need eight out of 21 days of work during the month. Accordingly, short-time work prevails on 13… Continue reading Opel plans short-time working in Eisenach