Tag: PSA

German Manager Magazin: Opel wants to extend short-time working until the end of 2021000169

The short-time work as a result of the Corona crisis will be at the car manufacturer Opel Extended until the end of 2021 – subject to the approval of the employment agency. The management and the general works council agreed on this in a key issues paper, as the company announced on Saturday. In addition,… Continue reading German Manager Magazin: Opel wants to extend short-time working until the end of 2021000169

PSA and FCA offer van concessions to win EU nod for $50bn merger

PSA and FCA offer van concessions to win EU nod for $50bn merger Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial… Continue reading PSA and FCA offer van concessions to win EU nod for $50bn merger

World NM: Hyundai Motor Group hires ex-PSA powertrain expert000176

Raposo will be responsible for engine, transmission and electrification development for Hyundai Motor Co. and Kia Motors Corp. starting Monday. Raposo served in the R&D division involving powertrain, electric vehicle and battery development at Renault S.A., Nissan Motor Co. and Peugeot carmaker Groupe PSA for 30 years. Hyundai Motor Group has hired former BMW designer… Continue reading World NM: Hyundai Motor Group hires ex-PSA powertrain expert000176

PSA offers to ramp up capacity for Toyota to win EU okay for Fiat deal: sources

By Reuters Staff 1 Min Read FILE PHOTO: The logo of French car manufacturer Peugeot is seen at the 33th Auto Zurich Car Show in Zurich, Switzerland, Oct. 31, 2019. REUTERS/Arnd Wiegmann/File Photo BRUSSELS/MILAN (Reuters) – French carmaker PSA PEUP.PA has offered to increase the production capacity for Japanese rival Toyota 7203.T in their joint… Continue reading PSA offers to ramp up capacity for Toyota to win EU okay for Fiat deal: sources

Fiat, PSA offer concessions to address EU antitrust concerns about merger

By Reuters Staff 1 Min Read FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe BRUSSELS (Reuters) – Fiat Chrysler FCHA.MI and Peugeot maker PSA PEUP.PA have offered concessions to address EU antitrust concerns about their plan… Continue reading Fiat, PSA offer concessions to address EU antitrust concerns about merger

Hyundai Motor Group appoints Alain Raposo to lead powertrain tech unit

Hyundai Motor Group announced today it has appointed Alain Raposo as Executive Vice President in charge of its Powertrain Tech Unit at the Group’s Research and Development Division. Alain Raposo will be responsible for engine, transmission and electrification development for Hyundai and Kia brands at Hyundai Motor Group’s global R&D headquarters, starting on September 28.… Continue reading Hyundai Motor Group appoints Alain Raposo to lead powertrain tech unit

FCA, PSA revise merger terms due to COVID-19 – source

TipRanks 3 “Strong Buy” Stocks That Are Flirting With a Bottom In the investing game, it’s not only about what you buy; it’s about when you buy it. One of the most common pieces of advice thrown around the Street, “buy low” is touted as a tried-and-true tactic.Sure, the strategy seems simple. Stock prices naturally… Continue reading FCA, PSA revise merger terms due to COVID-19 – source

@Groupe PSA: PR Groupe PSA Repurchases 10 Million of Its Own Shares from Dongfeng Motor Group (DFG) and Approves an Amendment of the Share Repurchase Agreement Concluded with DFG000311

VÉLIZY-VILLACOUBLAY, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): IMPORTANT NOTICE By reading the following communication, you agree to be bound by the following limitations and qualifications: This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to… Continue reading @Groupe PSA: PR Groupe PSA Repurchases 10 Million of Its Own Shares from Dongfeng Motor Group (DFG) and Approves an Amendment of the Share Repurchase Agreement Concluded with DFG000311

@Groupe PSA: PR Groupe PSA repurchases 10 million of its own shares from Dongfeng Motor Group (DFG) and approves an amendment of the Share Repurchase Agreement conclu…000311

Pursuant to terms of the Share Repurchase Agreement signed on 17 December 2019[1] and the decision of the Supervisory Board on 14 September 2020, DFG has sold to Groupe PSA 10 million common shares of Peugeot S.A. representing approximately 1,10% of the share capital of the company.These shares are acquired by Groupe PSA on 23… Continue reading @Groupe PSA: PR Groupe PSA repurchases 10 million of its own shares from Dongfeng Motor Group (DFG) and approves an amendment of the Share Repurchase Agreement conclu…000311