Cars
In a move that reminds us a lot of what Fiat-Chrysler CEO, Sergio Marchionne told the Italian government not too long ago, both Renault and PSA Peugeot-Citroen executives told French parliamentary officials in separate appearances before the Senate that they can't make a profit from building cars in France.
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On March 31, Carlos Tavares, Renault’s former chief operating officer, became the CEO of France's largest automaker, PSA Peugeot Citroen. His mission won’t be easy, on the contrary, as the carmaker lost more than €7 billion in...
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Carlos Tavares, PSA Peugeot Citroen’s incoming CEO announced plans to use €5.27 billion ($7.26 billion) in funds from investors to overhaul the automaker’s lineup. The former Renault executive who will take over as CEO of PSA Peugeot...
- Renault To Produce New Clio Mk4 Simultaneously In France And Turkey
The crucially important for Renault's future new Clio Mk4 will be manufactured simultaneously at its Flins plant in France and the Bursa factory in Turkey, the automaker announced today. The French carmaker pointed out that, at this point, it "cannot...
- Renault Contemplating The Launch Of Two Upscale Brands Including The Revival Of Alpine
While the economic outlook for Europe may be grim, Renault is looking to expand its portfolio with the addition of the two upscale brands including the revival of the Alpine marque to produce sports cars and the creation of another label called Initial...
- Marchionne Appears To Like The Idea Of A Three-way Alliance Between Fiat, Chrysler And Psa Citroen-peugeot
Sergio Marchionne, head of the Fiat and Chrysler groups is predicting that the next major merger in the automotive industry will involve France's largest automaker, the PSA Peugeot-Citroen Group. "The next merger will probably be French,"...
Cars
PSA Peugeot-Citroen and Renault Say They're Too Thin on Profits by Making Cars in France
In a move that reminds us a lot of what Fiat-Chrysler CEO, Sergio Marchionne told the Italian government not too long ago, both Renault and PSA Peugeot-Citroen executives told French parliamentary officials in separate appearances before the Senate that they can't make a profit from building cars in France.
According to a report from Autonews Europe, the Renault Group was represented by chief operating officer Carlos Tavares, while PSA Peugeot-Citroen sent Denis Martin, executive vice president for industrial operations. Both automakers confirmed the comments.
Tavares told the French commissions that one of Renault's most popular models, the Clio, costs €1,300 (US$1,700) more to produce at the firm's Flins plant in France than in the company's factory in Bursa, Turkey.
Read more »- Psa Peugeot-citroen's New Boss Reveals Key Pillars Of His Strategy To Revive The Company
On March 31, Carlos Tavares, Renault’s former chief operating officer, became the CEO of France's largest automaker, PSA Peugeot Citroen. His mission won’t be easy, on the contrary, as the carmaker lost more than €7 billion in...
- Psa Peugeot Citroen’s Incoming Ceo Wants To Overhaul Lineup
Carlos Tavares, PSA Peugeot Citroen’s incoming CEO announced plans to use €5.27 billion ($7.26 billion) in funds from investors to overhaul the automaker’s lineup. The former Renault executive who will take over as CEO of PSA Peugeot...
- Renault To Produce New Clio Mk4 Simultaneously In France And Turkey
The crucially important for Renault's future new Clio Mk4 will be manufactured simultaneously at its Flins plant in France and the Bursa factory in Turkey, the automaker announced today. The French carmaker pointed out that, at this point, it "cannot...
- Renault Contemplating The Launch Of Two Upscale Brands Including The Revival Of Alpine
While the economic outlook for Europe may be grim, Renault is looking to expand its portfolio with the addition of the two upscale brands including the revival of the Alpine marque to produce sports cars and the creation of another label called Initial...
- Marchionne Appears To Like The Idea Of A Three-way Alliance Between Fiat, Chrysler And Psa Citroen-peugeot
Sergio Marchionne, head of the Fiat and Chrysler groups is predicting that the next major merger in the automotive industry will involve France's largest automaker, the PSA Peugeot-Citroen Group. "The next merger will probably be French,"...