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    Official: Citroën names new CEO in executive shuffle
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    Peugeot SA (otherwise known as PSA Peugeot Citroën) has been shaking things up in the top echelon of its executive ranks. It recently hired former Renault COO Carlos Tavares as its group chief executive and former Airbus chief Louis Gallois as chairman. Now it's announced two more top ...

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    Official: PSA Peugeot Citroën names former Airbus chief Louis Gallois as chairman
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    Change is afoot at PSA. The parent company of both Peugeot and Citroën is on the verge of securing major funding from both the French government and from Chinese automaker Dongfeng, it recently named former Renault COO Carlos Tavares as its chief executive officer, and now it has selected ...

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    Report: Peugeot family cedes control in rescue deal with China's Dongfeng
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    PSA Peugeot-Citroën may have been saved from the brink of collapse. It has finally completed a deal where Chinese automaker Dongfeng and the French government are each investing about 800-million euros ($1.1 billion USD) to take 14 percent stakes in the automaker, according to the BBC. The ...

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    Official: GM stake in Peugeot sold in a day, GM loses millions
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    The fling between General Motors and PSA/Peugeot-Citroën isn't kaput, but the flirting couple has separated its finances. Just a day after announcing its intention to divest itself of its seven-percent stake in the French automaker, GM had done so, getting 250 million euros ($342M US) for ...

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    Official: GM to divest 7% stake in PSA Peugeot Citroën, sells equity in Ally Financial
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    In terms of being a major newsmaker, the last seven days have probably been the biggest for General Motors since its 2009 bankruptcy. Aside from announcing that Mary Barra will be succeeding Dan Akerson as its CEO next year, the automaker also appears to be streamlining its global operations by ...

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    Official: Carlos Tavares named CEO of PSA Peugeot Citroën
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    Carlos Tavares is a man of ambition. As well he should be, because you don't get to the top ranks of a major industrial group without it. But as chief operating officer of Renault, there was only so far he could go in the shadow of his boss Carlos Ghosn. So with an eye toward running a major ...

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    Report: Dongfeng to take 30% stake in PSA Peugeot Citroën?
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    PSA Peugeot Citroën, the European automaking giant responsible for forbidden fruit like the Citroën DS3 and Peugeot RCZ, has been struggling mightily, with a 510-million euro operating loss ($689.2M USD) in the first half of 2013, while cutting over 11,000 jobs and closing a plant, all ...

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    Report: PSA aims to sell Chinese on French quality by giving them wine
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    China is the house that every robber baron is trying to break into. PSA Peugeot Citroën has been in-country since the early eighties, getting there with Volkswagen, but the French brand largely spent its time sniffing the plum blossoms while the German brand grabbed the dragon and tamed it. ...

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    Report: PSA Peugeot-Citroën gets EU approval for life-line loan from France
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    PSA Peugeot-Citroën has been struggling to offer low finance rates to customers since its banking arm, Banque PSA Finance, had its credit score downgraded, which in turn has made it hard for the French carmaker to compete with brands that offer lower finance rates, such as Volkswagen. The ...

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    Report: GM to sell rebranded Peugeot vans in US?
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    According to a report by France's La Tribune cited by Reuters, General Motors and Peugeot are discussing the possibility of selling PSA Peugeot-Citroën commercial vans in the US through The General's dealership network. While specific models and what brand they may sell under stateside are ...

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    Report: Peugeot family to cede control to GM?
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    It's doom and gloom time, folks – PSA Peugeot-Citroën is seriously on the ropes. According to a report from Reuters, citing those ever-so-mysterious "people familiar with the matter," suggests that the Peugeot family, which currently owns a 25.4-percent stake in the eponymous automaker ...

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    Report: Fiat and PSA predicted to be Europe's biggest losers in 2013
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    Industry observers are expecting Europe's new vehicle sales to fall to lows not seen in decades, with Fiat and PSA/Peugeot-Citroën sitting in the lead car of the plummeting coaster. Both of those automakers traditionally count on the southern part of the continent for sales, yet consumers in ...

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    Report: EU formally questions French government assistance of Peugeot's finance arm
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    Recently, the finance arm of PSA/Peugeot-Citroën was in such debt trouble that it was pricing itself out of the car loan market. The rates it was paying to service its debt, which was rated one step above junk, were so high that it was forced to charge car-buying customers higher rates than ...

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    Report: GM, Peugeot cease tie-up talks over French bailout issue
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    The partnership General Motors (via Opel) and PSA Peugeot/Citroën began in February has produced more declarations and revisions than easily identifiable positive movement. A deeper collaboration between Opel and Peugeot has been mentioned a few times, perhaps even a sale of one to the ...

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    Report: Ford, Renault, VW shareholder oppose French aid for PSA/Peugeot-Citroën
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    Pots and kettles, glass houses and stones – that's a little of what we appear to have going on in the European car market. New reports say that that three European automakers have registered their opposition to a loan deal that PSA/Peugeot-Citroën is working on with the French ...

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    Official: GM and PSA detail four new co-developed vehicle projects
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    New details have emerged this morning regarding a partnership between General Motors and PSA Peugeot-Citroën. Following talks that started back in February, the American and French automakers will apparently team up to develop several vehicles, including a small MPV for Opel/Vauxhall and a ...

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    Report: GM pondering even closer Opel joint venture with PSA Peugeot Citroën
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    Let's face it, even when they go well, partnerships rarely go as planned. Almost eight months after General Motors spent $423 million to snag seven percent of Peugeot, we on the outside are still wondering what the plan is. When the tie-up was announced, the main benefits were listed as ...

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    Report: France unveils green incentive to rescue auto industry
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    PSA Peugeot Citroën and the French goverment have been negotiating how to repair the company's business position without ruining the new government's promises to the electorate. At last count, Peugeot wants to send 14,000 workers home for good, close a factory in Aulnay, and trim some of its ...

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    Report: France's finance minister says Peugeot job cut plan "isn't acceptable"
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    As expected, the French government issued a firm "Not so fast" to Peugeot's desire plan to shutter a plant in Aulnay, France and get rid of jobs. The plant closure has been in discussion for a while, but the layoff headcount has been rising every time it gets reported, going from 6,000 to ...

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    Report: Peugeot-Citroën raises cash by selling its Paris headquarters
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    You know things are rough when you have to sell your corporate headquarters to raise some cash. But that's just what PSA Peugeot-Citroën did this week, unloading its Parisian office building for about $327 million, according to Automotive News. The 48-year-old headquarters is located in ...

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