Tag: PSA

@GM: GM Reports Strong First-Quarter 2021 Results May 5, 2021

DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, and the industry recovery in China. The company is highly confident in its full-year 2021 guidance outlined earlier this year as it works to manage… Continue reading @GM: GM Reports Strong First-Quarter 2021 Results May 5, 2021

@Groupe PSA: PR CITROËN LAUNCHES MY AMI CARGO: MADE FOR BUSINESS USERS001686

Citroën continues to innovate on behalf of its fleet and business customers with the launch of MY AMI CARGO – an LCV version of the 100% electric AMI two-seater. With a payload of up to 140kg and a maximum load capacity of 400-litres, MY AMI CARGO is an ideal, zero emissions solution for last-mile delivery… Continue reading @Groupe PSA: PR CITROËN LAUNCHES MY AMI CARGO: MADE FOR BUSINESS USERS001686

@Groupe PSA: PR First Quarter 2021 Shipments and Revenues001685

Strong Q1 2021 Net revenues, with growth in all regions  Net revenues of €34.3 billion, or €37.0 billion on a pro forma basis(1) up 14%  Consolidated shipments of 1,477 thousand units, or 1,567 thousand units on a pro forma basis(1) up 11% Market leadership(2) in Europe 30(3), with market share improved by 150 bps to… Continue reading @Groupe PSA: PR First Quarter 2021 Shipments and Revenues001685

Stellantis to hit emissions target without Tesla’s help, CEO Tavares says – Automotive News Europe

May 04, 2021 12:02 PM PSA’s electrification technology will allow new group to meet EU’s CO2 reduction goals Reuters Stellantis will not need to buy CO2 credits from Tesla to meet regulatory targets, CEO Tavares said. Stellantis expects to achieve its European CO2 emissions targets this year without environmental credits bought from Tesla, Carlos Tavares… Continue reading Stellantis to hit emissions target without Tesla’s help, CEO Tavares says – Automotive News Europe

Alcantara On Center Stage At Auto Shanghai 2021

SHANGHAI, May 4, 2021 /PRNewswire/ — SAIC Motor’s Roewe brand, Great Wall Motor, Peugeot, Zhiji Motor, Hongqi, BMW and other car makers featured Alcantara, the “Made In Italy” luxury material, on vehicle interiors on display at this year’s Shanghai auto show (April 21-28, 2021). SAIC’s Roewe group chose a special green edition of Alcantara® for its new… Continue reading Alcantara On Center Stage At Auto Shanghai 2021

@Groupe PSA: PR PEUGEOT French market leader at the end of April in France001671

For the second month in a row, PEUGEOT is the French market leader in the PC+LCV segment and has achieved an excellent performance in the first four months of 2021 with a 19% market share.The success of the PEUGEOT vehicle range continues, with six PEUGEOT vehicles leading their segment, with the PEUGEOT 208 remaining the… Continue reading @Groupe PSA: PR PEUGEOT French market leader at the end of April in France001671

Jaguar Land Rover shuts two factories due to semiconductor shortage

Jaguar Land Rover (JLR) is temporarily closing two of its UK plants due to a global shortage of semiconductors. The manufacturer’s factories in Castle Bromwich and Halewood will begin “operating a limited period of non-production” from 26 April, while operations will continue at the JLR Solihull plant. In a statement, JLR said: “Like other automotive… Continue reading Jaguar Land Rover shuts two factories due to semiconductor shortage

Inside the industry: These premium brands are in trouble

Electrification, connectivity, autonomy, fast-moving start-up companies, a global pandemic, Brexit, semiconductor shortages, changing consumer habits, new retail models, a Suez Canal blockage… The list of short- and long-term challenges facing the car industry today is extensive, occasionally bordering on farcical and for some potentially ruinous. Who is in trouble? Here are five that we rate… Continue reading Inside the industry: These premium brands are in trouble

Auto suppliers group urges slow transition to electric vehicles

Washington — An advocacy group representing auto suppliers urged Congress on Tuesday not to back a speedy phase-out of gas-powered vehicles, arguing the shift will cost up to 30% of supplier jobs. The plea stands in sharp contrast with calls from the governors of 12 states (not including Michigan) to end gas-powered vehicle sales by 2035, as… Continue reading Auto suppliers group urges slow transition to electric vehicles