Tag: PSA

Groupe PSA acquires a controlling interest in Jian Xin, a Chinese automotive spare parts distributor

With this acquisition, Groupe PSA will be able to accelerate the rollout of its aftermarket offering in China by rapidly establishing its position in the market, which represents 130 million vehicles. Created more than 20 years ago, Jian Xin is currently the leading spare parts distributor in the Shanghai region. Every year, it sells more… Continue reading Groupe PSA acquires a controlling interest in Jian Xin, a Chinese automotive spare parts distributor

Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne

Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne

600,000 Free2Movers within a year of launch!

•    600,000 app users in 8 countries•    Another 2 launches, in Belgium and Portugal•    Access to over 30 mobility services A year after its launch on 2 February 2017, the Free2Move app today boasts 600,000 users worldwide and over 30 key partners.The app allows users to identify a range of nearby mobility services, helping them… Continue reading 600,000 Free2Movers within a year of launch!

Renault Flins and Peugeot-Citroën Poissy stopped by the snow

The Poissy factory, which manufactures the city cars Peugeot 208 and DS 3, is stopped because of the restrictions of circulation which concern the trucks and the coaches in Ile-de-France, explains a spokesman of PSA. carry many employees of the plant can no longer circulate. In the same way the heavy goods vehicles that deliver… Continue reading Renault Flins and Peugeot-Citroën Poissy stopped by the snow

Groupe PSA: 600,000 Free2Movers Within a Year of Launch!

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): A year after its launch on 2 February 2017, the Free2Move app today boasts 600,000 users worldwide and over 30 key partners. The app allows users to identify a range of nearby mobility services, helping them find a shared car, scooter or bike. After comparing features, price and… Continue reading Groupe PSA: 600,000 Free2Movers Within a Year of Launch!

GM posts strong 2017 despite losses

General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. was the only Detroit automaker to post a net loss in 2017, down $3.9 billion as it adjusts for the new tax law and takes one last hit from the money-losing European business it sold… Continue reading GM posts strong 2017 despite losses

After profit beat, GM looks to trucks, SUVs to rev up margins

DETROIT (Reuters) – General Motors Co (GM.N) said on Tuesday a richer mix of full-size pickups and mid-size SUVs in North America should help it offset higher commodity costs in 2018 and maintain pretax margins above 10 percent. The automaker posted better-than-expected quarterly results as cost cutting and higher vehicle prices offset a double-digit decline… Continue reading After profit beat, GM looks to trucks, SUVs to rev up margins

GM reports $3.9 billion loss for 2017

General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale, in what the company characterized as a very strong year. Even though… Continue reading GM reports $3.9 billion loss for 2017

General Motors enters losses in 2017 due to Trump’s new tax reform and the sale of Opel to PSA

Posted 06/02/2018 14: 42: 54CET DETROIT (UNITED STATES), 6 Feb. (EUROPA PRESS) – General Motors (GM) recorded net losses attributable of 3,864 million dollars (about 3,131 million euros at the current rate) in 2017, compared to 9,427 million dollars (7,642 million euros) of profit obtained in the previous year, according to data published by the… Continue reading General Motors enters losses in 2017 due to Trump’s new tax reform and the sale of Opel to PSA