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PSA Group's sales slump 10% in 2019 after record-setting 2018

DS was the only one of PSA's brands to boost sales globally last year

French carmaker PSA Group said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and Africa. In its European home market, Paris-based PSA's sales declined by 2.5% in 2019 to 3.11 million vehicles, with its Opel-Vauxhall brand suffering the steepest fall, down 6.4%. In Europe, helped by an increase in sales of light commercial vehicles (LCVs), PSA said in a sta

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Dongfeng and PSA extend Chinese joint venture

The announcement comes a day after Dongfeng promised to reduce its PSA stake to smooth FCA merger

BEIJING/PARIS (Reuters) - China's Dongfeng Motor Group and Peugeot maker PSA are extending their business cooperation, despite the Chinese company reducing its stake in PSA to help smooth the French carmaker's merger with Fiat Chrysler Automobiles (FCA). Dongfeng said on Thursday it had agreed with PSA to extend the duration of their joint venture Dongfeng Peugeot Citroen Automobiles (DPCA).

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FCA CEO Mike Manley will take undefined new role after PSA merger

Group Chairman John Elkann is 'delighted' the combined group will be led by PSA CEO Carlos Tavares

Fiat Chrysler Chief Executive Mike Manley will remain with the new group set to result from a planned merger with French rival PSA-Peugeot , Chairman John Elkann said on Wednesday. In a letter to Fiat Chrysler (FCA) employees on the day the two companies announced a binding agreement for a $50 billion tie-up to create the world's fourth-largest carmaker, Elkann said he was "delighted" that the combined group would be led by current PSA CEO Carlos Tavares. "And Mike Manley, w

Peugeot to resurrect Talbot brand as channel for cheap cars?

It's certainly possible. According to La Voz de Galicia, the French automaker is currently mulling the creation of a new sub-brand to break into the lower rungs of the inexpensive car market. Rather than go through the hassle of rustling up a whole new name, the company has looked to the past for inspiration. It came up with Talbot – a company that got its start early in the 20th century and puttered to a stop in

PSA: Gone in 4 Seconds - Protecting your valuables and ID

Even if it's obvious, it never hurts to remind people to be more careful on the road or around their vehicles, so we figured we'd share this video clip with all of you. Broward County Sheriff Ken Jenne offers a frightening look at how quickly and easily a thief can make off with your valuables and/or your identity by showing actual surveillance cam footage from a Broward County incident.

Your spaceship has arrived: The spiritual successor to the Citroen DS?

1955 – Elvis is just heating up, Blackboard Jungle is in theaters and tailfins will take a couple more years to really get outrageous. Across the Atlantic in France, the Martians forgot their space capsule. There is no other way to explain a car that debuted in 1955 having such sophistication – a hydropneumatic self-leveling suspension, excellent handling and ride, and headlamps that swiveled with the steering, to name a few.

MINI to offer a common-rail Cooper

If you live in the States, the thought of a diesel-powered Mini may come as a bit of a surprise, but they've been available for a few years in Europe in the form of the Mini One D. You'll find that most reviewers are pleased with the mileage of the 1.4-liter Toyota-built diesel, but none are particularly excited about the scant 74bhp.

Fiat unveils new Ducato commercial vehicle

Fiat's new Ducato has been unveiled in advance of its European debut. The commercial van will be twinned with models the automaker's PSA partners, Peugeot and Citroen. The joint venture project is part of the Sevel group (Società Europea Veicoli Leggeri – European Light Vehicle Company, an arrangement created in 1978.

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