RüsselsheimThe goal that PSA has spent on the German brand is clear: By 2020 at the latest Opel make a profit again. The French do not want to reveal how high the losses of the German brand were in the past financial year. “We have no figures on a full-year basis,” said PSA CFO Jean-Baptiste… Continue reading Michael Lohschneller: Opel boss explains his savings plan – “It can not go on like this”
Tag: PSA
Group restructuring: PSA boss Carlos Tavares prepares Opel for tough decisions
PSA boss Carlos Tavares “We do not dictate, we do not give guidance, I just ask questions – sometimes meaningful, sometimes stupid.” (Photo: Reuters) ParisCarlos Tavares is known as a tough guy. On Thursday at the annual press conference, the head of the auto company PSA (Peugeot, Citroën, Opel) gave even more unforgiving: “We must… Continue reading Group restructuring: PSA boss Carlos Tavares prepares Opel for tough decisions
Opel loses again
Even under the new owner PSA makes the car manufacturer Opel loss. With 179 million euros, the half-year minus was indeed lower than expected, the Opel boss still sees a signal that it could not go on like this. Thursday, 01.03.2018 08:57 clock Heard since last year Opel to the French PSA Group and has… Continue reading Opel loses again
PSA will pay 2,400 euros minimum profit sharing to its employees
“Under the incentive 2017, the amount that will be distributed to our employees in average value will be 2,600 euros, with a floor value of 2,400”, said Tavares on RTL.If the boss of PSA did not specify whether it was a gross or net amount, the CFTC-PSA has mentioned in a statement a minimum amount… Continue reading PSA will pay 2,400 euros minimum profit sharing to its employees
CORRECTED-Peugeot hits new earnings record despite Opel loss
PARIS (Reuters) – PSA Group (PEUP.PA) shrugged off losses at the newly acquired Opel division to lift sales, profit and operating margin to new records in 2017, the French carmaker said on Thursday. The maker of Peugeot, Citroen, Opel and Vauxhall cars said net income rose 11.5 percent to 1.93 billion euros ($2.35 billion) on… Continue reading CORRECTED-Peugeot hits new earnings record despite Opel loss
Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level
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
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