Peugeot CEO Jean-Philippe Imparato believes his company is well placed to capitalise on the electric and SUV “revolutions” following a year of strong global growth. Speaking exclusively to Autocar, Imparato said that the brand’s 600,000 SUV sales in 2017, which represented 60% growth on the year before, was an example of its improving image and… Continue reading Peugeot confident of SUV and EV push after strong sales results
Tag: GM
Lyft opens up Concierge, its ride-booking service for businesses, to all
Lyft today announced it’s expanding its Concierge program – the service that allows organizations to schedule rides for other people – to more business customers. First announced in 2016, the service was originally designed to help patients get to medical appointments, particularly in areas where they may not have a car of their own, like… Continue reading Lyft opens up Concierge, its ride-booking service for businesses, to all
Automobile: the CO2 wall catches the builders
A paradox: it’s at the Detroit auto show, where a whole bunch of new 4x4s and other pickups are presented, that the builders say a little more about their situation in front of them. at the famous European “CO2 wall” . While Brussels has set relatively restrictive standards for 2021, the CEO Mercedes owner Daimler… Continue reading Automobile: the CO2 wall catches the builders
UPDATE 4-GM sees flat 2018 earnings, with pickups picking up in 2019
DETROIT (Reuters) – General Motors Co (GM.N) shares rose on Tuesday after the company said 2018 earnings will be largely flat compared with 2017 and forecast higher profits in 2019 when its revamped line of high-margin pickup trucks hits the U.S. market. The 2018 earnings outlook was above market expectations, sending GM shares up about… Continue reading UPDATE 4-GM sees flat 2018 earnings, with pickups picking up in 2019
Lyft says nearly 250K of its passengers ditched a personal car in 2017
Lyft has a new report out detailing its ‘economic impact’ for 2017, and the document includes a lot of stats on its performance throughout the year. The ride-hailing provider claims 375.5 million rides for the year, which is 130 percent growth measured year-over-year. It served 23 million different passengers, itself a 92 percent YoY increase,… Continue reading Lyft says nearly 250K of its passengers ditched a personal car in 2017
Detroit Auto Show: Firms bet on trucks to boost US sales
Carmakers are focusing on pickup trucks and SUVs as they seek to counter falling sales in the US. Sales of new vehicles in the world’s second-largest market dropped 2% last year to 17.2 million, the first fall since 2009. This year is expected to see another fall in sales, so carmakers are focusing on the… Continue reading Detroit Auto Show: Firms bet on trucks to boost US sales
UPDATE 2-French carmaker PSA’s sales lifted by growth in Iran and Latin America
* Iran, Latin America offset difficulties in UK, China * Worldwide sales rise 15.4 pct * Rival Renault also posted higher sales this week (Adds detail, fund manager comment) By Sudip Kar-Gupta and Gilles Guillaume PARIS, Jan 16 (Reuters) – French carmaker PSA’s global sales jumped by 15 percent last year as strong growth in… Continue reading UPDATE 2-French carmaker PSA’s sales lifted by growth in Iran and Latin America
Jobs, salaries: PSA provides a strict plan for 2018
Do not reproduce the same mistakes. While PSA accounts are shiny again , the car manufacturer does not want to break with the “Malthusianism” practiced for three years. PSA has passed a little more 3.6 million cars in 2017. But “he had an unsuitable structure, thought to sell four million vehicles a year. Our ambition… Continue reading Jobs, salaries: PSA provides a strict plan for 2018
Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
“In the first half of this year, we will establish a North American sales company that will be responsible for developing the dealership network,” Mr. Jun said. “We will explore all sorts of channels including partnering with F.C.A. as well as others.” Sergio Marchionne, Fiat Chrysler’s chief executive, said his company was ready to assist… Continue reading Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
Strong acceleration in 2017: Groupe PSA worldwide sales up 15.4%
• Groupe PSA sold 3,632,3001 vehicles worldwide• 4th consecutive year of improvement in Groupe PSA sales• Successful SUV product offensive supporting the Group’s profitable growth• Strengthening European leadership in Light Commercial Vehicles (LCV) for PEUGEOT and CITROËN, with a 20.2% market share The Push to Pass plan’s SUV offensive accelerates and the five SUV models… Continue reading Strong acceleration in 2017: Groupe PSA worldwide sales up 15.4%