RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News : Groupe PSA (Paris:UG) : Carlos Tavares, Chairman of Groupe PSA Managing Board said: « Peugeot Citroën DS outstanding results, making significant progress for the 4th year in a row, are the proof of our ability to deliver a profitable and sustainable growth. Our agile, customer focused and socially responsible approach is making… Continue reading Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level
Tag: PSA
John Clark opens new Volvo dealership in Edinburgh
John Clark Motor Group has opened a Volvo dealership in Edinburgh, the first Volvo business for the group. John Clark is rated 16 in the Motor Trader Top 200 with annual turnover of £702.8m, representing Audi, BMW, Dacia, Jaguar, Land Rover, Nissan, Peugeot, Renault, Seat, Skoda, Volkswagen and now Volvo. Chris Clark, managing director, said:… Continue reading John Clark opens new Volvo dealership in Edinburgh
Group 1 Automotive Appoints UK Operating Leader
HOUSTON, Feb. 28, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced that effective March 1, 2018, Group 1 Automotive will appoint Darren Guiver as managing director of its UK operations. Mr. Guiver has worked for Group 1 in the UK since February 2016… Continue reading Group 1 Automotive Appoints UK Operating Leader
Anne Abboud appointed Senior Vice-President of PSA Retail
Anne Abboud is appointed Senior Vice-President, PSA Retail, effective 1st April 2018. She succeeds Xavier Duchemin appointed Europe Sales Director for Opel and Vauxhall on 1st March 2018. She will report to Jean-Philippe Imparato, Chief Executive Officer of Peugeot and member of Groupe PSA Executive Committee who will take over interim head of PSA Retail… Continue reading Anne Abboud appointed Senior Vice-President of PSA Retail
Xavier Duchemin appointed new Executive Director Sales Opel/Vauxhall Europe
Xavier Duchemin appointed new Executive Director Sales Opel/Vauxhall Europe 2018-02-28 Rüsselsheim. Opel/Vauxhall has appointed Xavier Duchemin as new Executive Director Sales Opel/Vauxhall Europe effective March 1, 2018. He will succeed Ian Hucker, who will take over the position as Managing Director Peugeot, Citroën, DS Automobiles in Austria and Switzerland. Duchemin was born in 1966 and… Continue reading Xavier Duchemin appointed new Executive Director Sales Opel/Vauxhall Europe
FITCH UPGRADES FAURECIA TO ‘BB+’ WITH STABLE OUTLOOK
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Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia
PSA’s Chief Executive Carlos Tavares had said last month that it was hard to decide upon the group’s strategy for Vauxhall given lack of clarity over Britain’s plans to leave the European Union. PARIS: French carmaker PSA and Malaysian company Naza Corp have signed a deal to jointly produce PSA-branded cars for Malaysia and other… Continue reading Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia
Opel needs more time again
The steering wheel can not be changed that fast: Even under the new owner PSA, the car manufacturer Opel is making heavy losses. Employees are wondering how hard the austerity program will be. Opel plant in Eisenach Monday, 26/02/2018 08:52 clock How much will remain of Opel after the takeover by the French PSA Group… Continue reading Opel needs more time again
Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Today, Groupe PSA (Paris:UG) and Naza Corporation Holdings announced the signing of a share sale agreement and a joint venture agreement, officially establishing shared operation of the Naza Automotive Manufacturing (NAM) plant in Gurun, Kedah, as the first manufacturing hub in ASEAN for Groupe PSA. In attendance to witness, the event… Continue reading Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
BEIJING/FRANKFURT (Reuters) – The chairman of Chinese carmaker Geely has built up a 9.69 percent stake in Mercedes-Benz owner Daimler, filings showed on Friday, an aggressive move designed to open the door for an industrial alliance between the two carmakers. Two sources familiar with the thinking of Li Shufu said his move to accumulate the… Continue reading UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler