In Rennes, a fully modernized plant for the Citroën C5 Aircross

In Rennes La Janais, in the aisles of the PSA plant, we say thank you to the C5 Aircross. The “C84”, as Citroën’s new vehicle is called internally, made it possible to ensure the durability of a site born in the 1960s but whose future seemed rather gloomy before 2015. “It is now the the… Continue reading In Rennes, a fully modernized plant for the Citroën C5 Aircross

Groupe PSA Improves Its €3 Billion Revolving Credit Facility

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) signed, on May 24th 2018, with its banking partners, an amendment of its €3 billion syndicated credit facility. This amendment improves the economic conditions of this credit facility, signed on April 8th 2014 and amended on November 10th 2015, and extends its maturity. Thus, Groupe PSA benefits from… Continue reading Groupe PSA Improves Its €3 Billion Revolving Credit Facility

Citroen C5 Aircross SUV launched in Europe

Citroën has officially launched the C5 Aircross in Europe, bringing a firm focus on in-car comfort to the compact five-seat SUV segment. One year after a China-specific model made its debut at the Shanghai motor show, Citroën has now repackaged the C5 Aircross to appeal to European customers. It is set to rival the Nissan Qashqai and… Continue reading Citroen C5 Aircross SUV launched in Europe

Groupe PSA Steps up Its Digital Transformation with the Digital Factory

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) is stepping up its digital transformation with the creation of the Digital Factory. This new facility brings resources and skills together in one place to support the operational departments in their digital transformation. Several hundred internal and external experts are on hand, in: – the Customer Digital Factory:… Continue reading Groupe PSA Steps up Its Digital Transformation with the Digital Factory

Statement by Jörg Hofmann about Opel,                    Statement by Jörg Hofmann, First Chairman of IG Metall, on Opel

Jörg Hofmann has once again asked the Opel parent company PSA to present a sustainable concept for the carmaker’s German locations. “It must be a concept that goes beyond the year 2020 and contains firm commitments on investments, employment figures, models and products for the individual locations,” explained the IG Metall chairman on 24 May… Continue reading Statement by Jörg Hofmann about Opel,
                   Statement by Jörg Hofmann, First Chairman of IG Metall, on Opel

Car manufacturers penalized by rising steel prices

Peter laughing, John crying. If the spectacular rise in steel prices over the last two years (nearly 70%) is pleasing to the giants of the steel industry, it is not doing the car manufacturers’ business. Last year, the rise in material costs (and other external costs) weighed 358 million euros on the results of the… Continue reading Car manufacturers penalized by rising steel prices

Diesel Fears Become Reality With First Driving Ban in Germany

LISTEN TO ARTICLE SHARE THIS ARTICLE Hamburg, Germany’s second-largest city, will restrict older diesel vehicles from selected urban areas starting next week, marking the first driving ban in the country for the embattled technology. Beginning May 31, the port city of 1.8 million people will prevent cars and trucks that don’t meet at least Euro-6… Continue reading Diesel Fears Become Reality With First Driving Ban in Germany

DS to launch flagship BMW 5 Series-rivalling saloon in 2020

DS is primed to launch a flagship saloon as early as 2020, according to company sources. It is thought that the new luxury model will be based on the PSA Group’s EMP2 platform, which underpins numerous other cars within the company including the DS 7 Crossback, the recently revealed Peugeot 508 and the Vauxhall Insignia. The… Continue reading DS to launch flagship BMW 5 Series-rivalling saloon in 2020

FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE

Faurecia announces today an investment in the American startup Promethient, reinforcing the Group’s ecosystem dedicated to thermal management technologies for future mobility solutions. Based in Traverse City, Mich., Promethient designs and produces Thermavance, a climate control technology that is adaptable for multiple vehicle thermal use cases.  Thermavance heats and cools through conductive heat transfer, offering… Continue reading FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE