(Adds comments from French, Italian unions) PARIS/MILAN, Oct 31 (Reuters) – European labour unions have called on Peugeot owner PSA and Fiat Chrysler to avoid job cuts and factory closures as the two major carmakers prepare to tie the knot, underscoring worries about the $50 billion deal as the regional economy falters. As PSA and… Continue reading UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal
Tag: Renault
Vauxhall fears after car giants Fiat and PSA announce merger
Fiat Chrysler is to merge with Vauxhall’s owner PSA to create the world’s fourth largest car company. The two sides say they have yet to finalise all the details, but the 50-50 merger is expected to provide significant cost savings. That has raised concerns at Vauxhall, which employs 3,000 people in the UK, as it… Continue reading Vauxhall fears after car giants Fiat and PSA announce merger
UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
MILAN/PARIS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, they said on Thursday, triggering a new wave of consolidation in the car industry. Logos of Peugeot and Fiat are seen in this illustration picture taken October 30, 2019.… Continue reading UPDATE 2-Fiat Chrysler and Peugeot plan to create world’s No.4 carmaker
Car giants plot US-European mega-merger
PSA Group, the French owner of Peugeot, is exploring a merger with its US-Italian rival Fiat Chrysler, it has confirmed. A deal between the two carmakers would create a business with a combined market value of nearly $50bn (£39.9bn). This is Fiat Chrysler’s second attempt at a merger this year after it pulled out of… Continue reading Car giants plot US-European mega-merger
Press Releases – Sales of zero- and low-emission cars highly unbalanced across EU, alerts auto industry
Brussels, 29 October 2019 – Sales of alternatively-powered vehicles are following a highly uneven pattern across EU member states, according to new findings from the European Automobile Manufacturers’ Association (ACEA). Indeed, the consumer uptake of battery electric, plug-in hybrid and hybrid electric passenger cars, as well as those fuelled by natural gas or hydrogen, differs… Continue reading Press Releases – Sales of zero- and low-emission cars highly unbalanced across EU, alerts auto industry
Pedestrian detection systems produce mixed results in safety study
(Reuters) – The performance of modern pedestrian detection systems varies widely between carmakers, with high-end luxury brands generally faring better and other models failing to recognize pedestrians altogether, according to a study released on Tuesday by a U.S. insurance research group. FILE PHOTO: Philip Floyd, senior engineering technician for the Insurance Institute for Highway Safety… Continue reading Pedestrian detection systems produce mixed results in safety study
FJ Chalke to open new eco-friendly Kia and Nissan dealerships in Yeovil
FJ Chalke Limited will open a multi-million pound Kia and Nissan eco-dealership at Fusion Park, Yeovil in November. The new state of the art showroom will have space for up to 20 display vehicles and 150 vehicles on the external forecourt. The site also features 10 charging points. The showroom has been fitted with a rain… Continue reading FJ Chalke to open new eco-friendly Kia and Nissan dealerships in Yeovil
VW ramps up China electric car factories, taking aim at Tesla
FRANKFURT/ZWICKAU (Reuters) – Volkswagen AG (VOWG_p.DE) is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground. A future charging facility for autonomous vehicles using Stable robotics and Electrify… Continue reading VW ramps up China electric car factories, taking aim at Tesla
GROUPE RENAULT : Quarterly information – September 30, 2019
PRESS RELEASE#RenaultResults REVENUES OF €11.3 BILLION IN THE THIRD QUARTER OF 2019Group revenues reached €11,296 million (-1.6%) in the quarter. At constant exchange rates and perimeter1, the decrease would have been -1.4%. The Group sold 852,198 vehicles in the quarter, down -4.4% in a global market down -3.2%2. Excluding Iran, the decrease would have been -1.8% in… Continue reading GROUPE RENAULT : Quarterly information – September 30, 2019
GROUPE RENAULT: Information trimestrielle au 30 septembre 2019
COMMUNIQUÉ DE PRESSE #RenaultResultsCHIFFRE D’AFFAIRES DE 11,3 MILLIARDS D’EUROS AU TROISIÈME TRIMESTRE 2019Le chiffre d’affaires du Groupe s’élève à 11 296 millions d’euros sur le trimestre (-1,6 %). A taux de change et périmètre constants1, la baisse aurait été de 1,4 %. Le Groupe a vendu 852 198 véhicules au cours du trimestre, soit une baisse de 4,4… Continue reading GROUPE RENAULT: Information trimestrielle au 30 septembre 2019