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
Tag: FCA
Clash of the world’s fastest Ford Sierra RS500s – Motorsport Moments
Touring car racing has constantly evolved over the years. Today’s hatchback-based tin-tops can trace their ancestry to the super-tourers of the nineties. But before then, the era of Group A ruled the roost. Group A was introduced by the FIA in 1982, and soon became the category of choice for car makers that could relate… Continue reading Clash of the world’s fastest Ford Sierra RS500s – Motorsport Moments
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
Electromobility: Bargain Stromer on a farewell tour – the VW e-up in the Handelsblatt autotest
VW e-up The e-up can fully exploit its advantages in the city center. This applies to the shape and functionality of the small car as well as to the electric motorization. (Photo: Alexander Möthe) Düsseldorf “Is that the one with the software problems?” Asks a passerby who drives past me and my parked car on… Continue reading Electromobility: Bargain Stromer on a farewell tour – the VW e-up in the Handelsblatt autotest
’Outrageous’ car loan commission banned
Car loans that hand salespeople more commission if they charge higher interest rates are to be banned from next year. The Financial Conduct Authority (FCA) reckons the ban will save customers £165m a year in total, or around £100-£200 on a loan. The ban is long overdue, said debt experts, with Citizens Advice Scotland dubbing… Continue reading ’Outrageous’ car loan commission banned
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
Peugeot Maker PSA Sticks to Outlook Despite Virus Drag – Yahoo Finance
(Bloomberg) — PSA Group held on to its financial outlook after generating a profit during the first half of the year, suggesting the French automaker has weathered the coronavirus pandemic better than feared. The company posted net income of 595 million euros ($698 million) even as lockdowns hammered vehicle sales in some of its biggest… Continue reading Peugeot Maker PSA Sticks to Outlook Despite Virus Drag – Yahoo Finance
Peugeot maker PSA reaffirms margin goal after first half sales slide
FILE PHOTO: An assembly line is seen after PSA Peugeot Citroen shut down last month due to the coronavirus disease (COVID-19) outbreak in Trnava, Slovakia April 17, 2020. REUTERS/Radovan StoklasaTrnava, Slovakia. REUTERS/Radovan Stoklasa/File Photo PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) held on to its margin target despite a fall in profitability in the… Continue reading Peugeot maker PSA reaffirms margin goal after first half sales slide
The Station: Winners and losers in Paris, Rivian sets a delivery date, Waymo and FCA deepen ties
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. It’s… Continue reading The Station: Winners and losers in Paris, Rivian sets a delivery date, Waymo and FCA deepen ties
Kia Motors Set To Unleash Its Most Powerful Midsize Sedan Ever In Groundbreaking “Live” Marketing Campaign
The campaign jumpstarts on Tuesday, July 28, at 8 p.m. ET / 5 p.m. PT with a livestream event on Twitter. Billed “Triple Threat,” the one-of-a-kind showcase will be directed by Darrin Prescott, action unit director on some of Hollywood’s most action-packed films including Baby Driver, Ford Vs. Ferrari, Drive, John Wick, Black Panther, and The… Continue reading Kia Motors Set To Unleash Its Most Powerful Midsize Sedan Ever In Groundbreaking “Live” Marketing Campaign