Tag: PSA

Car maker: The struggle for Opel’s future is a clash of civilizations

Opel in Ruesselsheim RüsselsheimOpel is a unique piece. The only constant in the car maker seems to be the crisis. While Volkswagen. BMW and Daimler despite the diesel scandal rushing from one sales record to the next and bring in dream returns crumble Opel Quarter by quarter the market shares. For almost 20 years, the… Continue reading Car maker: The struggle for Opel’s future is a clash of civilizations

Statement of Opel Automobile GmbH

Statement of Opel Automobile GmbH 2018-05-24 “We repeat that there is a strong commitment to invest in Germany as long as the production sites can perform in a competitive manner to ensure a sustainable future for the company after nearly 20 years of losses. We have outlined this already in November last year when we… Continue reading Statement of Opel Automobile GmbH

Works council and companies in the clinch: Severance payoffs provide for Opel for new dispute

Quarrel at Opel Works council, union and the new owner PSA fight a hard fight for the rehabilitation of the German Opel works. (Photo: AP) DüsseldorfBei Opel reached the Conflict between works council and company the next round. From the point of view of employee representation, the ailing car manufacturer goes too far with its… Continue reading Works council and companies in the clinch: Severance payoffs provide for Opel for new dispute

Press Releases – EU vehicle manufacturers express concern on US investigation into auto imports

Brussels, 28 May 2018 – The European Automobile Manufacturers’ Association (ACEA) has expressed its concern regarding the initiation by the United States of a national security investigation into imports of motor vehicles and auto parts. “Automobile manufacturers active in both Europe and the US are truly global players with interests in both regions,” stated ACEA… Continue reading Press Releases – EU vehicle manufacturers express concern on US investigation into auto imports

End of 35 hours, negotiations open at PSA factory in Vesoul

The bargaining meeting will open Tuesday, May 29 at 1:30 pm between the management of PSA Vesoul and the trade unions. In mid-May, the management proposed a local agreement to increase the actual working time by 7.8%, from 7 hours to 7 hours 33 per day, or from 35 hours to 37 hours 45 per… Continue reading End of 35 hours, negotiations open at PSA factory in Vesoul

Car expert Dudenhöffer warns against reorganization course: “Opel degenerates into a PSA shell”

All articles and backgrounds 05/26/2018 Car expert Dudenhöffer warns against redevelopment course “Opel degenerates into a PSA shell” DPA Thuringia, Eisenach: In April, employees of various Opel plants demonstrated against the remediation course The car expert Ferdinand Dudenhöffer sees the future of the car manufacturer Opel darker and darker. The sales figures of the French… Continue reading Car expert Dudenhöffer warns against reorganization course:
“Opel degenerates into a PSA shell”

Tensions before a new round of negotiations at Opel

Weapon vigil at Opel. A new round of negotiations begins Monday between the management of the manufacturer controlled by PSA and the establishment committee (EC). However, the IG Metall union still considers itself to be vague about the intentions of Opel and its French shareholder PSA. If discussions fail, he now threatens to extend the… Continue reading Tensions before a new round of negotiations at Opel

In Rennes, a fully modernized plant for the Citroën C5 Aircross

In Rennes La Janais, in the aisles of the PSA plant, we say thank you to the C5 Aircross. The “C84”, as Citroën’s new vehicle is called internally, made it possible to ensure the durability of a site born in the 1960s but whose future seemed rather gloomy before 2015. “It is now the the… Continue reading In Rennes, a fully modernized plant for the Citroën C5 Aircross

Groupe PSA Improves Its €3 Billion Revolving Credit Facility

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) signed, on May 24th 2018, with its banking partners, an amendment of its €3 billion syndicated credit facility. This amendment improves the economic conditions of this credit facility, signed on April 8th 2014 and amended on November 10th 2015, and extends its maturity. Thus, Groupe PSA benefits from… Continue reading Groupe PSA Improves Its €3 Billion Revolving Credit Facility