Jörg Hofmann has once again asked the Opel parent company PSA to present a sustainable concept for the carmaker’s German locations. “It must be a concept that goes beyond the year 2020 and contains firm commitments on investments, employment figures, models and products for the individual locations,” explained the IG Metall chairman on 24 May… Continue reading Statement by Jörg Hofmann about Opel,
Statement by Jörg Hofmann, First Chairman of IG Metall, on Opel
Tag: PSA
Car manufacturers penalized by rising steel prices
Peter laughing, John crying. If the spectacular rise in steel prices over the last two years (nearly 70%) is pleasing to the giants of the steel industry, it is not doing the car manufacturers’ business. Last year, the rise in material costs (and other external costs) weighed 358 million euros on the results of the… Continue reading Car manufacturers penalized by rising steel prices
Diesel Fears Become Reality With First Driving Ban in Germany
LISTEN TO ARTICLE SHARE THIS ARTICLE Hamburg, Germany’s second-largest city, will restrict older diesel vehicles from selected urban areas starting next week, marking the first driving ban in the country for the embattled technology. Beginning May 31, the port city of 1.8 million people will prevent cars and trucks that don’t meet at least Euro-6… Continue reading Diesel Fears Become Reality With First Driving Ban in Germany
DS to launch flagship BMW 5 Series-rivalling saloon in 2020
DS is primed to launch a flagship saloon as early as 2020, according to company sources. It is thought that the new luxury model will be based on the PSA Group’s EMP2 platform, which underpins numerous other cars within the company including the DS 7 Crossback, the recently revealed Peugeot 508 and the Vauxhall Insignia. The… Continue reading DS to launch flagship BMW 5 Series-rivalling saloon in 2020
The start into the rocket age
*/ ]]> Men with Vision: Fritz von Opel in RAK 2 and Otto Willi Gail, author of the book “With Rocket Power into the World – From the Fire Truck to the Spaceship” (back right, with tie). Shortly before the start: The Opel team pushes the RAK 2 on the grid. May 23, 1928, 10… Continue reading The start into the rocket age
FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE
Faurecia announces today an investment in the American startup Promethient, reinforcing the Group’s ecosystem dedicated to thermal management technologies for future mobility solutions. Based in Traverse City, Mich., Promethient designs and produces Thermavance, a climate control technology that is adaptable for multiple vehicle thermal use cases. Thermavance heats and cools through conductive heat transfer, offering… Continue reading FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE
French and Benelux stocks-Factors to watch on May 23
May 23 (Reuters) – Below are company-related news and stories from French and Benelux media which could have an impact on the region’s markets or individual stocks. French CAC futures were down 0.2 percent by 0624 GMT. DERICHEBOURG: Service provision company Derichebourg reported on Tuesday a 9.2 pct upside in its H1 recurring EBITDA at… Continue reading French and Benelux stocks-Factors to watch on May 23
“Nidec-PSA emotors” Joint Venture Created by Groupe PSA and Nidec Starts the Design of Its Future Electric Motors
RUEIL MALMAISON, France–(BUSINESS WIRE)–Regulatory News: MM Shigenobu Nagamori and Carlos Tavares, respectively Chief Executive Officer of Nidec and Groupe PSA (Paris:UG), endorsed today the establishment of Nidec-PSA emotors – the new Nidec Leroy-Somer and Groupe PSA Joint Venture dedicated to the design, development, manufacture and sale of electric traction motors. Forty engineers have already been… Continue reading “Nidec-PSA emotors” Joint Venture Created by Groupe PSA and Nidec Starts the Design of Its Future Electric Motors
Luc Chatel: “The auto industry will play its survival in the coming years”
Remember that ten years ago, the French automobile almost died. The industry has recovered thanks to considerable efforts to adapt to globalization, to improve competitiveness, innovation and employee skills. Today, we have two major manufacturers and four global equipment manufacturers. But the sector will play its survival in the coming years on its ability to… Continue reading Luc Chatel: “The auto industry will play its survival in the coming years”
Electric car: the state promises 100,000 terminals in 2022
The whole family. The faces of the French automotive industry were all there, Tuesday afternoon in Bercy, for the signing of the new strategic contract of the automotive industry, ratified by no less than three ministers – Bruno Mayor, Elisabeth Borne and Nicolas Hulot. Rarely, even Carlos Ghosn and Carlos Tavares, the bosses of PSA… Continue reading Electric car: the state promises 100,000 terminals in 2022