Tag: GM

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%

Cadillac Reprises Role as GM’s Chosen Brand for High-Tech Entrée

As Cadillac begins what could be its best-ever global sales year, the brand is also going to reclaim its historic role as General Motors Co.’s high-tech line. Powered by rapid growth in China, GM believes the brand is now a good place to debut new electric and even self-driving vehicles starting in the next decade,… Continue reading Cadillac Reprises Role as GM’s Chosen Brand for High-Tech Entrée

UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese

DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) (FCHA.MI) (FCAU.N) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. “We’re not going to break up… Continue reading UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese

Fiat Chrysler boss says no plans to break up company

DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit. Speaking at the Detroit auto show, Chief Executive Sergio… Continue reading Fiat Chrysler boss says no plans to break up company

U.S. automakers bet on diesel trucks after VW scandal

DETROIT, Jan 15 (Reuters) – U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG’s 2015 diesel emissions scandal. General Motors Co said at the Detroit auto show it would offer a diesel 2019 Chevrolet Silverado pickup truck and now offers diesel versions of its Equinox, Cruze,… Continue reading U.S. automakers bet on diesel trucks after VW scandal

Shell Acquires Interest in Silicon Ranch Corporation

NASHVILLE, Tenn., Jan. 15, 2018 /PRNewswire/ — Silicon Ranch Corporation, a leading U.S. developer, owner, and operator of solar energy plants, announced today that it has signed an agreement to make Shell its largest shareholder. As part of the agreement, Shell will acquire a 43.83% interest in Silicon Ranch from Partners Group, the global private markets… Continue reading Shell Acquires Interest in Silicon Ranch Corporation