Tag: PSA

Fiat Chrysler has started 90% of planned investments in Italy: executive

FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) has already started 90% of the investments earmarked for Italy, the auto maker’s Chief Operating Officer for the EMEA region Pietro Gorlier said on… Continue reading Fiat Chrysler has started 90% of planned investments in Italy: executive

Fiat Chrysler racketeering suit a ‘distraction’ from PSA, UAW talks

General Motors Co.’s racketeering lawsuit against Fiat Chrysler Automobiles NV is a distraction for the Italian-American automaker in the middle of negotiations for a labor contract with the United Auto Workers union and for a merger with French automaker Groupe PSA, experts say. GM alleges Fiat Chrysler’s late-CEO Sergio Marchionne orchestrated a multimillion-dollar conspiracy, including bribes, that corrupted three… Continue reading Fiat Chrysler racketeering suit a ‘distraction’ from PSA, UAW talks

PSA Inaugurates EV Powertrain Assembly Line At Trémery Plant

With the volume production of drive units already underway, PSA is ready to introduce several new BEVs. PSA Group (Peugeot, Citroën, DS, Opel/Vauxhall) officially inaugurated its electrified powertrain assembly line at the Trémery engine plant in France on November 20, 2019. Electric drive units from Trémery will be used in a new wave of all-electric… Continue reading PSA Inaugurates EV Powertrain Assembly Line At Trémery Plant

PSA still aiming to sign MoU with FCA in December: source

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/File Photo PARIS (Reuters) – French carmaker PSA (PEUP.PA) remains focused on its merger talks with Fiat Chrysler Automobiles (FCA) (FCHA.MI) and is still aiming to sign a memorandum… Continue reading PSA still aiming to sign MoU with FCA in December: source

Michelin and Faurecia to invest 140 million euros in Symbio hydrogen mobility JV

Michelin also claims that hydrogen fuel cells are particularly suitable for intensive use and for those who need greater autonomy. New Delhi: Michelin and Faurecia have decided to invest 140 million euros in Symbio hydrogen mobility joint venture company, claims the tyre manufacturer. Michelin also says that the JV will combine hydrogen fuel cell dedicated… Continue reading Michelin and Faurecia to invest 140 million euros in Symbio hydrogen mobility JV

Falling pay, Top 50 used car dealers, motor finance

Motor dealers have seen a fall in their pay over the past year as commissions and incentives were cut. This is not surprising given the pressure on the new car market. Even the used car market has felt the pain in recent months with a fall in values hitting the bottom line. The pay pain… Continue reading Falling pay, Top 50 used car dealers, motor finance

Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end

TURIN/PARIS (Reuters) – Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth largest carmaker. FILE PHOTO: The logos of car manufacturers Fiat and… Continue reading Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end

Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility

Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility Built around a unique ecosystem, this joint venture is tasked with developing, producing and marketing hydrogen fuel cell systems for light vehicles, commercial vehicles and trucks as well as for other areas of electromobility. A joint venture built… Continue reading Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility

Fiat Chrysler chairman sees Peugeot deal finalised by year-end

TURIN, Italy, Nov 21 (Reuters) – Fiat Chrysler Chairman John Elkann said on Thursday he was confident the group would finalise its tie-up with Peugeot owner PSA this year and dismissed concerns about a lawsuit launched by rival General Motors. “Judging from how both the FCA and PSA teams are working, I’m confident in saying… Continue reading Fiat Chrysler chairman sees Peugeot deal finalised by year-end