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
Tag: PSA
Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’
Peugeot, the PSA Group’s most successful brand, grew its sales significantly by 10.4% last year. In stark contrast to the performances of siblings Citroën and DS, whose sales declined 7.5% and 38.5% respectively, Peugeot sold 2,119,845 cars across the 12 months. That’s more than two-thirds of PSA’s total. Buoyed by this strong performance, Peugeot chief… Continue reading Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’
British-built Toyota Avensis culled due to slowing sales
Toyota has ended production of its British-built Avensis in response to dwindling demand for the Ford Mondeo and Vauxhall Insignia Grand Sport rival. Avensis sales in the UK fell to just 3473 units last year, a drop of 1660 on 2016. In Europe, just 25,319 examples were sold – less than half the number achieved by the… Continue reading British-built Toyota Avensis culled due to slowing sales
Opel: the torch burns between IG Metall and PSA
Le ton monte entre le syndicat allemand IG Metall et PSA au sujet d’Opel, le constructeur déficitaire chronique racheté l’année dernière par le groupe français. Le syndicat et le comité d’entreprise d’Opel ont exigé dans un communiqué vendredi des « propositions constructives » de la part de PSA. Une façon assumée de mettre la pression, alors que la… Continue reading Opel: the torch burns between IG Metall and PSA
Car manufacturer: refurbishment talks at Opel falter
Opel plant in Rüsselsheim Works Council Chairman Wolfgang Schäfer-Klug stated that he did not want to accept any subsequent conditions for contracts from the new parent company. (Photo: AP) At the crisis carmaker Opel The restructuring talks between the employee representatives and the new parent company PSA are faltering. In a statement distributed on Friday… Continue reading Car manufacturer: refurbishment talks at Opel falter
Groupe PSA: Nine Additional Centers of Competence for Engineering Center at Opel in Rüsselsheim
RÜSSELSHEIM, Germany–(BUSINESS WIRE)–Regulatory News: The Engineering Center in Rüsselsheim reinforces its position as a core part of the global Groupe PSA (Paris:UG) R&D footprint: Nine additional Centers of Competence in various areas of technology will be located there, including the development of seats and manual transmission systems for the whole Groupe PSA. The number of… Continue reading Groupe PSA: Nine Additional Centers of Competence for Engineering Center at Opel in Rüsselsheim
PSA to produce Aisin AW’s EAT6 automatic transmission in Valenciennes plant
PSA’s Valenciennes plant, which will have a production capacity of 300,000 automatic gearboxes per year, will cater to Peugeot, Citroën and DS flagship models, as well as Opel and Vauxhall models produced on the Group’s platforms. To meet the increasing demand of automatic gearboxes, the PSA Group has entered into a license agreement with Aisin… Continue reading PSA to produce Aisin AW’s EAT6 automatic transmission in Valenciennes plant
Emov Expands to Lisbon, Launches Corporate Accounts in Madrid
Lisbon, Portugal. Photo via Rustam Aliyev/Flickr. Spain-based carsharing group emov is set to expand to the Portuguese capital of Lisbon, the company announced. Outside of the city center, the newest launch site will enable users to start and end their journeys in close proximity to airport facilities. Both residents and tourists will be able to… Continue reading Emov Expands to Lisbon, Launches Corporate Accounts in Madrid
Statement of Rick Schostek, Executive Vice President Honda North America, Inc. before the U.S. Subcommittee on Consumer Protection, Product Safety, Insurance and Data Security March 20, 2018
Thank you, Mr. Chairman, Ranking Member Blumenthal and members of the subcommittee. My name is Rick Schostek, executive vice president of Honda North America, Inc. It has been more than two and a half years since I last appeared before the full Commerce Committee. I want to thank you for this opportunity to update you… Continue reading Statement of Rick Schostek, Executive Vice President Honda North America, Inc. before the U.S. Subcommittee on Consumer Protection, Product Safety, Insurance and Data Security March 20, 2018
Automotive group: PSA invests in Opel plants outside Germany
Opel main plant in Rüsselsheim For the time being, the German locations are not involved in investments in several Opel plants by the French parent company PSA. (Photo: AP) The French automobile company PSA invests in several Opel-Werk outside Germany. So to be built from 2019 on in the factories Tychy (Poland) and Szentgotthárd (Hungary)… Continue reading Automotive group: PSA invests in Opel plants outside Germany