72 Articles
Official
GM to divest 7% stake in PSA Peugeot Citroën, sells equity in Ally Financial

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 t

Official
Carlos Tavares named CEO of PSA Peugeot Citroën

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 automaker, Noah Joseph

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

Report
PSA aims to sell Chinese on French quality by giving them wine

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. No more: PSA expects China to

Report
PSA Peugeot-Citroën gets EU approval for life-line loan from France

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 French government recognized the catch-22 and, after negotiat

Report
GM to sell rebranded Peugeot vans in US?

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 netwo

Report
Peugeot family to cede control to GM?

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 and 38.1 percent of voting rights, "has now accepted that they will lose control" of the co

Official
PSA Peugeot Citroen, Bosch working on compressed-air, battery-free hybrid

Nike single-handedly popularized the term "swoosh." If a new and unexpected project works out as planned, PSA Peugeot Citroen might do the same with "whoosh."

Report
Fiat and PSA predicted to be Europe's biggest losers in 2013

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 co

Report
EU formally questions French government assistance of Peugeot's finance arm

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 they could find elsewhere. This was adding to Peugeot's already impressive woes by sending revenue ou

Report
GM, Peugeot cease tie-up talks over French bailout issue

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

Report
Ford, Renault, VW shareholder oppose French aid for PSA/Peugeot-Citroën

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 government. Peugeot's finance arm, Banque PSA Finance, is struggling with its debts and has been downgraded b

Official
GM and PSA detail four new co-developed vehicle projects

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

Report
GM pondering even closer Opel joint venture with PSA Peugeot Citroën

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 announc

Report
France unveils green incentive to rescue auto industry

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, Autoblog Staff

Report
France unveils green incentive to rescue auto industry

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, Jonathon Ramsey

Report
France's finance minister says Peugeot job cut plan "isn't acceptable"

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 8,000-10,000, and now reaching 14,000 workers that Peugeot wants to shed.

Official
Opel board approves new turnaround plan

's supervisory board has approved changes in the company it hopes revitalizes the brand.

Report
Peugeot-Citroën raises cash by selling its Paris headquarters

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.

Report
Peugeot suggests expansion of ties with GM into other segments and technology

The ink is only just dry on the contract detailing the collaboration between General Motors and PSA Peugeot Citroën, and already there is talk of going further. GM purchased a seven-percent stake in PSA to form an alliance that would work together on platforms, small and midsize

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