Tag: PSA

PSA-FCA deal terms hinge on strength of recovery, Tavares says – Automotive News Europe

PSA Group CEO Carlos Tavares said the strength of recovery from the coronavirus pandemic will determine whether a planned combination with Fiat Chrysler Automobiles can move ahead under terms agreed to last year. “At this stage it is premature to discuss this matter as long as we don’t see the magnitude of the rebound both… Continue reading PSA-FCA deal terms hinge on strength of recovery, Tavares says – Automotive News Europe

PSA Group ‘shows resilience’ with 595m euro profit in first half of 2020

PSA Group boss Carlos Tavares says that the car giant is on track to rebound strongly from the coronavirus pandemic in the second half of 2020, after posting a profit in the first six months. The French firm, whose brands include Citroen, DS, Peugeot and Opel/Vaxuhall, was hit by disruption and lockdowns. Its global sales of 1,033,000 units… Continue reading PSA Group ‘shows resilience’ with 595m euro profit in first half of 2020

@Groupe PSA: Groupe PSA: Availability of the Half-year Financial Report as of 30 June 2020

VÉLIZY-VILLACOUBLAY, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) announced today that the 2020 half-year financial report is now available and has been filed with the French Autorité des Marchés Financiers (AMF). The report and the first-half 2020 financial results presentation are available on (www.groupe-psa.com), in the “Analysts and Investors” section. Direction de la Communication – www.groupe-psa.com… Continue reading @Groupe PSA: Groupe PSA: Availability of the Half-year Financial Report as of 30 June 2020

@Groupe PSA: Groupe PSA remains profitable in H1 2020 despite Covid

€25.1 billion Group revenue 3.7% Automotive division[1] adjusted operating margin[2] at €731 million Net result group share at €595 million €153 million Automotive positive free cash flow excluding working capital Strong financial security at €23.2 billion Carlos Tavares, Chairman of Groupe PSA Managing Board said: “This H1 result proves the Group’s resilience, as a reward… Continue reading @Groupe PSA: Groupe PSA remains profitable in H1 2020 despite Covid

Jaguar Land Rover appoints Thierry Bollore as new CEO

Ex-Renault CEO Thierry Bollore has been announced as the new CEO of Jaguar Land Rover, replacing Dr Ralf Speth, who had earlier this year announced his decision to retire at the end of his contract term, after 10 years at the helm. The Frenchman will assume his new role on 10 September 2020.  N Chandrasekaran, Chairman… Continue reading Jaguar Land Rover appoints Thierry Bollore as new CEO

Nissan warns of record loss as pandemic hits turnaround

TOKYO (Reuters) – Nissan Motor Co (7201.T) warned of a record $4.5 billion operating loss this year and its lowest sales in a decade as the COVID-19 pandemic hampers its turnaround efforts. FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company’s new Ariya all-battery SUV… Continue reading Nissan warns of record loss as pandemic hits turnaround

Peugeot owner PSA delivers unexpected profit despite pandemic

Peugeot owner PSA delivers unexpected profit despite pandemic 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 Not sure which package to… Continue reading Peugeot owner PSA delivers unexpected profit despite pandemic

Peugeot maker PSA says strong rebound underway

PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) delivered a profit in the first half of the year even as the COVID-19 pandemic hit revenue and said a strong sales rebound in June had extended into July. FILE PHOTO: An assembly line is seen after PSA Peugeot Citroen shut down last month due to the… Continue reading Peugeot maker PSA says strong rebound underway