FILE PHOTO: CEO of the PSA Group, Carlos Tavares attends the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse PARIS (Reuters) – The value of the cost savings announced in the planned merger between Peugeot owner PSA (PEUP.PA) and Fiat Chrysler (FCHA.MI) is nominal, and its management will try to… Continue reading New PSA-Fiat Chrysler management to try to improve cost savings: PSA CEO
Tag: FCA
Suzuki rethinks promise of India’s auto market, and it is not alone
* India autos will no longer see uninterrupted move upwards-Suzuki * Global players re-evaluating strategy, focus on strengths * Taxes, regulatory changes plaguing global car makers in India By Aditi Shah NEW DELHI, Nov 8 (Reuters) – Suzuki Motor Corp said it was no longer gung-ho about India’s auto market, the world’s fourth-largest, where it… Continue reading Suzuki rethinks promise of India’s auto market, and it is not alone
Acting UAW head to examine every inch of union in scandal’s wake
Gamble said that on Thursday he would propose a series of “very strict rules” to the UAW’s board for managing members’ dues and enable staff to report wrongdoing. DETROIT – The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every department of the union in response to a… Continue reading Acting UAW head to examine every inch of union in scandal’s wake
Ford may consider making branded pickups in China if cities open more
SHANGHAI (Reuters) – Ford Motor Co (F.N) will consider building Ford-branded pickup trucks in China if restrictions on driving pickups in cities are relaxed and it could also roll out customized models at that time, a senior company official said. Visitors look at a Ford F-150 pickup displayed at the China International Import Fair (CIIE)… Continue reading Ford may consider making branded pickups in China if cities open more
S&P places FCA N.V. on CreditWatch Positive
S&P places FCA N.V. on CreditWatch PositiveS&P Global Ratings communicated yesterday that it has placed FCA N.V.’s long and short-term ratings (BB+/B) on CreditWatch with positive implications.London, 7 November 2019AttachmentS&P places FCA N.V. on CreditWatch Positive Go to Source
DTM’s Berger presents electric touring car series concept
LONDON (Reuters) – German Touring Car (DTM) boss Gerhard Berger unveiled on Thursday a proposed electric series with high-performance cars racing at Formula One speeds and with battery changes carried out by robots. If the concept catches on with manufacturers, he said the series could run alongside the mostly European-focused DTM with cars powered by… Continue reading DTM’s Berger presents electric touring car series concept
Acting UAW head to examine ‘every inch’ of union in scandal’s wake
DETROIT (Reuters) – The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every department of the union in response to a spreading federal corruption probe that has damaged the union’s standing during contract talks with Detroit’s automakers. United Auto Workers (UAW) acting president Rory Gamble speaks to Reuters… Continue reading Acting UAW head to examine ‘every inch’ of union in scandal’s wake
Fiat Chrysler finds new merger partner in Carlos Tavares
Will PSA’s Carlos Tavares prove to be a better merger partner for Fiat Chrysler than Renault and help create the world’s fourth-largest carmaker? Katie Martin discusses the terms of the proposed mega merger and the characters behind the deal with Peter Campbell, motor industry correspondent, and David Keohane in Paris. Contributors: Katie Martin, capital markets… Continue reading Fiat Chrysler finds new merger partner in Carlos Tavares
‘Think of what PSA/FCA can do, not what they can’t’
We’ve kind of been here before (insert Renault where you see PSA), but the news that FCA (think Fiat, Jeep, Alfa Romeo, Chrysler, Maserati, Abarth, Dodge and others) is joining forces with PSA (Peugeot, Citroen, Vauxhall/Opel, DS) fills me with huge excitement. Sadly that’s not the case everywhere, with Unite union boss and doom-monger-in-chief Des… Continue reading ‘Think of what PSA/FCA can do, not what they can’t’
Analysis: The numbers behind the FCA-PSA merger
The FCA-PSA tie-up gathers 15 brands under the same roof The agreed merger between Fiat Chrysler Automobiles and the PSA Group will create the world’s fourth-largest car company based on sales. The two European firms last week announced their intention to create a new entity owned 50/50 between the two but led by PSA’s CEO, Carlos Tavares. PSA will… Continue reading Analysis: The numbers behind the FCA-PSA merger