Tag: PSA

PROJECT TO TRANSFORM FAURECIA (SA) INTO A EUROPEAN COMPANY (SE)

At its meeting on February 15, 2018, the Faurecia Board of Directors decided to submit a proposal to shareholders to convert Faurecia as a “European Company” (Societas Europaea, SE) Around half of Faurecia’s sales currently come from Europe, where the Group has around 45,000 employees – including 10 000 in France – in 110 production sites… Continue reading PROJECT TO TRANSFORM FAURECIA (SA) INTO A EUROPEAN COMPANY (SE)

2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP

Record order intake at €62 Bn, up €9 Bn. Acceleration of innovation strategy. Proposed dividend of €1.10 per share, up 22% year-on-year in €m 2016 2017 Change Sales* 15,613.6 16,962.2 +10.6%** Operating income 970.2 1,170.3 +20.6% as % of sales 6.2% 6.9% +70bps Net income from continued operations 532.5 714.5 +34.2% Recurring net cash flow… Continue reading 2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP

Dyson will produce not one, not two, but three electric cars

James Dyson has said that the company has invested “heavily” in solid-state battery technology Electric cars are all the rage now, with manufacturers from Ford and Citroen to BMW and Tesla getting in on the action. What we didn’t expect was a vacuum vendor to make their mark. British firm Dyson, best known for its… Continue reading Dyson will produce not one, not two, but three electric cars

Lost in translation? GM plant shutdown shocks South Korea

SEOUL (Reuters) – Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making local unit. In what they thought were meet-and-greet introductions, senior officials agreed to work… Continue reading Lost in translation? GM plant shutdown shocks South Korea

All-electric Vauxhall Corsa will arrive in 2020

Vauxhall has confirmed that the next-generation Corsa – due next year – will feature a fully electrified variant, which will roll off production lines at the brand’s plant in Zaragoza, Spain, in 2020. PSA, which also owns Peugeot, Citroen and DS, took over Vauxhall and its German sister marque Opel in 2017. Late last year, the… Continue reading All-electric Vauxhall Corsa will arrive in 2020

Faurecia to Build New $60 Million Manufacturing Facility in Kansas City Metro

BLUE SPRINGS, Mo., Feb. 15, 2018 /PRNewswire-USNewswire/ — The Kansas City Area Development Council announced today that Faurecia, a leading automotive technology company, will build a new $60 million, 250,000-square-foot interiors production facility in Blue Springs, Missouri, part of the Kansas City area. The company, a global leader in developing automotive seating, interior systems and… Continue reading Faurecia to Build New $60 Million Manufacturing Facility in Kansas City Metro

Opel Vauxhall Finance launches a strategic plan to support Opel/Vauxhall sales growth

•    Opel Vauxhall Finance launches its strategic plan, 100 days after its acquisition through BNP Paribas and Groupe PSA•    All initiatives are dedicated to support Opel/Vauxhall’s profitable growth•    The aim is to finance every third Opel vehicle by 2020•    The company will leverage competitive costs of funding and expertise of its shareholders BNP Paribas Personal… Continue reading Opel Vauxhall Finance launches a strategic plan to support Opel/Vauxhall sales growth