In an armchair. Faurecia is “proud” to announce on Wednesday the signing of the largest contract in its history. The PSA-controlled automotive supplier sold six million car seats at once to German BMW. In the coming years, the French group will manufacture, assemble and deliver just-in-time complete seats or seating structures that will integrate into… Continue reading Faurecia signs the biggest contract in its history
Tag: PSA
Works council threatens strikes
At Opel, there is growing concern that the future parent company could reduce PSA jobs. The works council therefore demands “court-proof” guarantees – and signals how far it would go for it. Transparent in front of the Opel headquarters in Rüsselsheim Monday, 27.03.2017 17:00 o’clock Wolfgang Schäfer-Klug wants security – and as fast as possible.… Continue reading Works council threatens strikes
PSA continues to import petrol engines from China
builders By Christophe Jaussaud, the 28/03/2018 In 2017, PSA has already imported 53,000 Pure Tech Turbo engines from China to Europe. DPCA, PSA’s JV in China, announces that it will export 90,000 Pure Tech 1.2 Turbo engines to Europe during the first half of the year. Meanwhile Opel plants in Tychy (Poland) and Szentgotthard (Hungary)… Continue reading PSA continues to import petrol engines from China
Vauxhall should lose a third of its network
Nearly one hundred outlets of the brand will be removed on British soil where Vauxhall saw its sales fall by 22% last year. Redeemed just like Opel by the PSA group a year ago, Vauxhall, the British version of the blitz, will see its future quickly evolve now that it has integrated the lap of… Continue reading Vauxhall should lose a third of its network
PSA could leave the capital of Gefco
Services By Christophe Jaussaud, the 27/03/2018 PSA still owns 25% of the capital of its former subsidiary. After selling 75% of Gefco in 2012, PSA thinks today to separate from the 25% it still has. Capital movements continue in logistics. Indeed, after the CAT had bought STVAit would be Gefco’s turn again to see its… Continue reading PSA could leave the capital of Gefco
Opel launches voluntary departure plan in Germany
Opel has not having sealed the 2017 results PSA, it does not prevent the brand in the flash continues to pay the price of several years of losses. The management has therefore announced, on Tuesday, the launch of a voluntary departure plan for its German employees, regardless of age. “An attractive severance package will now… Continue reading Opel launches voluntary departure plan in Germany
Opel plans voluntary redundancy payments for German employees
Already last year, Opel had introduced austerity measures. Now the crisis-ridden company wants to pay German employees up to 275,000 euros – if they go voluntarily. REUTERS / Opel Opel boss Michael Lohscheller Tuesday, 27.03.2018 18:21 clock The automaker Opel has launched a voluntary severance package for his German employees. Opel boss Michael Lohscheller said… Continue reading Opel plans voluntary redundancy payments for German employees
PSA wants to sell its last shares of GEFCO transport
The daily Les Echos said Monday on its website that the French car group (Peugeot, Citroën, DS and Opel-Vauxhall brands) had “put on sale” its participation. Joined by AFP, the PSA spokesman said, as he had done with Echos, “note that Gefco’s operational performance and the diversification of its customer portfolio no longer make it… Continue reading PSA wants to sell its last shares of GEFCO transport
PSA wants to totally disengage from Gefco
It’s almost the end of an era. According to our information, PSA has put up for sale its residual interest in the logistician Gefco, one of its historical subsidiaries. The French manufacturer had already sold 75% of the capital of the company in 2012 to the Russian equivalent of the SNCF, RZD . At the… Continue reading PSA wants to totally disengage from Gefco
DongFeng Motor Group and Groupe PSA Establishes a Leasing Joint Venture to Address the Automotive Market in China
WUHAN, China–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): On March 23rd, 2018, DongFeng Motor Group (DFG), Banque PSA Finance (BPF, the captive financing and mobility services provider of Groupe PSA) and DongFeng Peugeot Citroën Automobiles (DPCA), signed a joint venture (JV) agreement aiming to create a financial leasing joint venture to offer especially long term leasing… Continue reading DongFeng Motor Group and Groupe PSA Establishes a Leasing Joint Venture to Address the Automotive Market in China