PSA’s Chief Executive Carlos Tavares had said last month that it was hard to decide upon the group’s strategy for Vauxhall given lack of clarity over Britain’s plans to leave the European Union. PARIS: French carmaker PSA and Malaysian company Naza Corp have signed a deal to jointly produce PSA-branded cars for Malaysia and other… Continue reading Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia
Tag: PSA
Opel needs more time again
The steering wheel can not be changed that fast: Even under the new owner PSA, the car manufacturer Opel is making heavy losses. Employees are wondering how hard the austerity program will be. Opel plant in Eisenach Monday, 26/02/2018 08:52 clock How much will remain of Opel after the takeover by the French PSA Group… Continue reading Opel needs more time again
Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Today, Groupe PSA (Paris:UG) and Naza Corporation Holdings announced the signing of a share sale agreement and a joint venture agreement, officially establishing shared operation of the Naza Automotive Manufacturing (NAM) plant in Gurun, Kedah, as the first manufacturing hub in ASEAN for Groupe PSA. In attendance to witness, the event… Continue reading Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
BEIJING/FRANKFURT (Reuters) – The chairman of Chinese carmaker Geely has built up a 9.69 percent stake in Mercedes-Benz owner Daimler, filings showed on Friday, an aggressive move designed to open the door for an industrial alliance between the two carmakers. Two sources familiar with the thinking of Li Shufu said his move to accumulate the… Continue reading UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
FAURECIA SUCCESSFULLY PRICES €700 MILLION OF 2.625% SENIOR NOTES DUE 2025
Faurecia announces the success of the above transaction, launched February 21st, 2018. Faurecia priced €700m of senior notes due 2025 at 2.625%. The quality of the investor base and the very favourable conditions achieved demonstrate the significant appreciation of Faurecia’s credit quality. Faurecia will use the proceeds of the issuance of the Notes, together with… Continue reading FAURECIA SUCCESSFULLY PRICES €700 MILLION OF 2.625% SENIOR NOTES DUE 2025
Europcar and Snappcar develop their private hire service
Services By Samia Ben Ahmed, the 22/02/2018 Since June 2017, Europcar holds a 20% stake in the Dutch start-up. Europcar, in partnership with SnappCar, launches the Drive & Share mobility service in Germany and Denmark. A deployment that follows the success of this service in France. New mobility solutions are on the rise! Europcar partners… Continue reading Europcar and Snappcar develop their private hire service
Groupe PSA and Qualcomm advance testing for communication between vehicles
• Cellular Vehicle-to-Everything (C-V2X) communication technology with the evolution towards 5G is a relevant step for connected and autonomous vehicle deployment and for enhanced road safety• C-V2X technology trial will lead to a commercial deployment from 2020 • Groupe PSA and Qualcomm Technologies will showcase France’s first C-V2X demonstration at In&Out Digital Mobility event in… Continue reading Groupe PSA and Qualcomm advance testing for communication between vehicles
2018 Renault Zoe electric car: more powerful motor to go with last year’s bigger battery
Follow John 2018 Renault Zoe electric car in Purple Blackberry paint color Enlarge Photo The subcompact Renault Zoe hatchback has been Europe’s best-selling electric car for several years now. Last year, sales soared after it received a major upgrade to its battery pack, which grew to 41 kilowatt-hours, up from 22 kwh in earlier versions,… Continue reading 2018 Renault Zoe electric car: more powerful motor to go with last year’s bigger battery
Groupe PSA and Qualcomm advance C-V2X testing for communication between vehicles
Groupe PSA and Qualcomm advance C-V2X testing for communication between vehicles 2018-02-21 Cellular Vehicle-to-Everything (C-V2X) communication technology with the evolution towards 5G is a relevant step for connected and autonomous vehicle deployment and for enhanced road safety C-V2X technology trial will lead to a commercial deployment from 2020 Groupe PSA and Qualcomm Technologies will showcase… Continue reading Groupe PSA and Qualcomm advance C-V2X testing for communication between vehicles
The auto subcontractor Maike dismantled
Maike Automotive, 1,450 employees, did not escape the dismantling. In difficulty, this large automotive subcontractor in the Arve Valley, in Haute-Savoie, had been placed in backup procedure last summer. After a process of several months, the Grenoble Commercial Court rendered its deliberations on Tuesday: it has awarded two of its four companies, Frank & Pignard… Continue reading The auto subcontractor Maike dismantled