-
Recent Posts
- J.D. Power Completes ALG Acquisition
- Mazda to Buy Out Sumitomo from MMVO, a JV Plant in Mexico
- NHTSA Imposes Engine Recalls, Penalties at Hyundai, Kia
- Toyota and Hino Heavy-Duty Fuel-Cell Electric Truck Verification Tests Start in the Spring of 2022
- CARB Alters and Adds Stationary Source Emissions Measurements to Improve Local Air Pollution and Health
- Trump Covid Casualties – State Sales Tax Collections Dive
- NHTSA Nixes GM Petition for Exclusion of Millions of Big Trucks and SUVs from Takata Airbag Recalls
- Grim Survey – a Nation of Broke and Broken Shopkeepers?
- Porsche Q3 in Black at €437 Million Because of VW
- Vijay Sankaran Rejects Information Officer Job at Ford
- GM’s Factory ZERO – First U.S. Plant to Install 5G
- GM Doubles Down on EVs in Bid to Win Global Race
- JLR to Use Irish Smart City Hub for Self-Driving Tests?
- Truck Wars – 2021 Jeep Wrangler Rubicon 470hp V8
- GMC 2021 Canyon AT4 Off-Road Performance Edition
News from PR Newswire
Recent Comments
- Paul Krugman NYT on Steven Mnuchin, Trump’s treasury secretary on Grim Survey – a Nation of Broke and Broken Shopkeepers?
- NHTSA Nixes GM Petition for Exclusion of Millions of Big Trucks and SUVs from Takata Airbag Recalls | AutoInformed on More Recalls for Takata Airbag Shrapnel
- NHTSA Nixes GM Petition for Exclusion of Millions of Big Trucks and SUVs from Takata Airbag Recalls | AutoInformed on General Motors v NHTSA over Expanding Takata Airbag Recall
- GM’s Factory ZERO – First U.S. Plant to Install 5G | AutoInformed on Cadillac LYRIC – Taking Back the Luxury EV Lead?
- Mary Daly on Covid economy on GM Earns $5.3B in Q3 – Trucks, China Help
Archives
Meta
Tag Archives: psa peugeot citroen
French Government Backs €7B in PSA Peugeot Citroën Debt
The French State will provide up to €7 billion in refinancing guarantees for new bond issues during the 2013-2015 period. It is the latest example of a taxpayer bailout of an ailing auto company facing increasingly limited credit options in the private capital markets, if they now exist at all. The subsidy is subject to EU approval by the Competition Commission in Brussels, and is vehemently opposed by the German state of Lower Saxony, the second largest owner of VW, the largest automaker in Europe by far. Continue reading
PSA Peugeot Citroën to Reorganize, Close Aulnay Plant
Philippe Varin, Chairman of the PSA Peugeot Citroën Managing Board has told the works council that the loss-making French automaker will close the Citroën C3Aulnay plant in 2014, and trim production at Rennes, which makes the Peugeot 508 and Citroën C5 and C6. More than 4,400 jobs are affected. Work in other plants could absorb 1,500 of the displaced workers in the local Paris area. The company will also pursue voluntary separations of its corporate workforce. Continue reading
Posted in auto news, economy, financial results, manufacturing, news analysis
Tagged auto informed, autoinformed.com, automotive news, eu, GM, Ken Zino, PSA, psa peugeot citroen
Leave a comment
Ford and PSA Peugeot Citroën to Drop JV on Diesel Engines
PSA Peugeot Citroën and Ford said today that the companies have decided to independently develop and manufacture their larger diesel engines displacing more than 2-liters starting in 2015. The announcement, likely the result of the PSA and General Motors JV announced in February, ends a 12-year business relationship. Continue reading
Posted in auto news, manufacturing, marketing, news analysis
Tagged auto informed, autoinformed.com, automotive news, diesel, diesel engines, e-series, ford Europe, GM, Ken Zino, psa peugeot citroen, transit
Leave a comment
GM Buys 7% of PSA Peugeot Citroën to Share Parts, Vehicles
PSA already has partnerships with Ford on diesel engines, and Toyota, BMW, and Mitsubishi on components and engines. A previous GM venture started in Europe with Fiat in 2000 failed in 2005 when GM spent $2 billion to buy its way out of a put option in the deal that allowed Fiat to sell its automotive company to GM for market value. Globally, alliances have had mixed results at automakers. Continue reading
PSA Peugeot Citroën in Alliance Talks with GM
Neither General Motors nor PSA have officially confirmed the talks, other than to say that discussions with other automakers routinely occur. Last week Peugeot posted weak results as Group operating income declined to €1,315 million from €1,796 million in 2010. GM has been losing money at Opel for more than a decade – $700 million in 2011 alone. Continue reading
Posted in auto news, economy, financial results, news analysis, results
Tagged auto informed, autoinformed.com, automotive news, citroën, gm europe, gm psa, Ken Zino, opel, pas group, psa gm, psa peugeot citroen, psa results
Leave a comment
