Services By Christophe Jaussaud, the 27/03/2018 PSA still owns 25% of the capital of its former subsidiary. After selling 75% of Gefco in 2012, PSA thinks today to separate from the 25% it still has. Capital movements continue in logistics. Indeed, after the CAT had bought STVAit would be Gefco’s turn again to see its… Continue reading PSA could leave the capital of Gefco
Tag: PSA
Opel launches voluntary departure plan in Germany
Opel has not having sealed the 2017 results PSA, it does not prevent the brand in the flash continues to pay the price of several years of losses. The management has therefore announced, on Tuesday, the launch of a voluntary departure plan for its German employees, regardless of age. “An attractive severance package will now… Continue reading Opel launches voluntary departure plan in Germany
Opel plans voluntary redundancy payments for German employees
Already last year, Opel had introduced austerity measures. Now the crisis-ridden company wants to pay German employees up to 275,000 euros – if they go voluntarily. REUTERS / Opel Opel boss Michael Lohscheller Tuesday, 27.03.2018 18:21 clock The automaker Opel has launched a voluntary severance package for his German employees. Opel boss Michael Lohscheller said… Continue reading Opel plans voluntary redundancy payments for German employees
PSA wants to sell its last shares of GEFCO transport
The daily Les Echos said Monday on its website that the French car group (Peugeot, Citroën, DS and Opel-Vauxhall brands) had “put on sale” its participation. Joined by AFP, the PSA spokesman said, as he had done with Echos, “note that Gefco’s operational performance and the diversification of its customer portfolio no longer make it… Continue reading PSA wants to sell its last shares of GEFCO transport
PSA wants to totally disengage from Gefco
It’s almost the end of an era. According to our information, PSA has put up for sale its residual interest in the logistician Gefco, one of its historical subsidiaries. The French manufacturer had already sold 75% of the capital of the company in 2012 to the Russian equivalent of the SNCF, RZD . At the… Continue reading PSA wants to totally disengage from Gefco
DongFeng Motor Group and Groupe PSA Establishes a Leasing Joint Venture to Address the Automotive Market in China
WUHAN, China–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): On March 23rd, 2018, DongFeng Motor Group (DFG), Banque PSA Finance (BPF, the captive financing and mobility services provider of Groupe PSA) and DongFeng Peugeot Citroën Automobiles (DPCA), signed a joint venture (JV) agreement aiming to create a financial leasing joint venture to offer especially long term leasing… Continue reading DongFeng Motor Group and Groupe PSA Establishes a Leasing Joint Venture to Address the Automotive Market in China
Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’
Peugeot, the PSA Group’s most successful brand, grew its sales significantly by 10.4% last year. In stark contrast to the performances of siblings Citroën and DS, whose sales declined 7.5% and 38.5% respectively, Peugeot sold 2,119,845 cars across the 12 months. That’s more than two-thirds of PSA’s total. Buoyed by this strong performance, Peugeot chief… Continue reading Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’
British-built Toyota Avensis culled due to slowing sales
Toyota has ended production of its British-built Avensis in response to dwindling demand for the Ford Mondeo and Vauxhall Insignia Grand Sport rival. Avensis sales in the UK fell to just 3473 units last year, a drop of 1660 on 2016. In Europe, just 25,319 examples were sold – less than half the number achieved by the… Continue reading British-built Toyota Avensis culled due to slowing sales
Opel: the torch burns between IG Metall and PSA
Le ton monte entre le syndicat allemand IG Metall et PSA au sujet d’Opel, le constructeur déficitaire chronique racheté l’année dernière par le groupe français. Le syndicat et le comité d’entreprise d’Opel ont exigé dans un communiqué vendredi des « propositions constructives » de la part de PSA. Une façon assumée de mettre la pression, alors que la… Continue reading Opel: the torch burns between IG Metall and PSA
Car manufacturer: refurbishment talks at Opel falter
Opel plant in Rüsselsheim Works Council Chairman Wolfgang Schäfer-Klug stated that he did not want to accept any subsequent conditions for contracts from the new parent company. (Photo: AP) At the crisis carmaker Opel The restructuring talks between the employee representatives and the new parent company PSA are faltering. In a statement distributed on Friday… Continue reading Car manufacturer: refurbishment talks at Opel falter