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

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