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 be on the way, though, thanks to one of China's many emergent automakers, Dongfeng.
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 DS3 could form the underpinnings of a forthcoming Mini SUV? Perhaps a new Peugeot 207 Joh
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 benefits both partners, since Mitsubishi isn't that much of a powerful brand in Continental Europe and PSA will now have a readily-developed electric vehicle to have at showrooms. PSA could sel
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 job, creating a leadership void in its Chinese operations. Murtaugh had joined Chrysler to lead its Asia/Pacific operations after 32 years at GM, the last ten of which were