4 Articles
Report
Dongfeng to take 30% stake in PSA Peugeot Citroën?

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 in a bid to stop hemorrhaging cash. Help could

Rumor: BMW and PSA partnership will go beyond engine sharing

BMW and PSA share a couple powertrains: The diesel Minis have the 1.6 HDi developed by PSA, while the 1.4- and 1.6-liter gasoline engines were co-developed with BMW. However, BMW chief exec Norbert Reithofer has confirmed in the Financial Times that the two European automakers could begin sharing not just powertrains, but platforms as well – specifically with Mini. From here, we can speculate that the Xavier Navarro

Mitsubishi to supply iMiEV to PSA, to be sold as Citron and Peugeot

We've known since June that PSA has an agreement with Mitsubishi to work together on electric cars. What's new is a report in the Nikkei (subs req'd) about Mitsubishi supplying the all-electric MiEV to PSA an OEM agreement to be sold under the PSA brands Peugeot and Citroën. This is an agreement that benef

Chrysler sputtering in China, too

It's not just North America that is yielding an ugly red balance sheet for Chrysler. ChinaStakes.com reports that the automaker's position in China is in rough shape, too. Right before the taxpayer bailout of General Motors and Chrysler became official, Chrysler's Philip Murtaugh exited the company after just 15 months on the