Cars
The €18.5 billion (US$24.4) refinancing deal struck between the French government and the ailing PSA Peugeot-Citroen group, which includes a €7 billion (US$9.3 billion) state guarantee, is causing headaches to the automaker for the second time in as many months.
- 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...
- China’s Dongfeng And The French State Each Buy 14 Percent Stake In Psa Peugeot Citroën
France’s largest carmaker PSA Peugeot Citroën has announced that China's Dongfeng Motor Group and the French state will each pay €800 million ($1.09 billion) for 14 percent of the carmaker, matching Peugeot family’s reduced...
- Gm And Psa Peugeot-citroen In Talks About A Possible Alliance
In an interview with radio station Europe1 on Tuesday, French Labor Minister Xavier Bertrand revealed that PSA Peugeot-Citroen CEO Philippe Varin informed the government that the automaker is talking to General Motors about forming an alliance. Reuters...
- Volkswagen Group Operating Profits Soar 86 Percent In The First 9 Months Of 2011
Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever. On Thursday, Europe's largest automaker, the Volkswagen...
- Deutsch Bank: Gm's Shares May Become Worthless
General Motors shares plummeted $1, or 23% to $3.36 on the New York Stock Exchange today-their lowest point since 1949- after a Deutsche Bank AG analyst downgraded the automakers stocks, saying they may be worthless in a year. "Even if GM is able to secure...
Cars
EU Contests Peugeot’s Government Loan After Unnamed Competitor Files a Complaint
The €18.5 billion (US$24.4) refinancing deal struck between the French government and the ailing PSA Peugeot-Citroen group, which includes a €7 billion (US$9.3 billion) state guarantee, is causing headaches to the automaker for the second time in as many months.
In November, talks about advancing the alliance with General Motors’ European operations into a full-scale merger were put on ice because the conditions under which the funds are to be granted rule out any job cuts from the French automaker.
Read more »- 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...
- China’s Dongfeng And The French State Each Buy 14 Percent Stake In Psa Peugeot Citroën
France’s largest carmaker PSA Peugeot Citroën has announced that China's Dongfeng Motor Group and the French state will each pay €800 million ($1.09 billion) for 14 percent of the carmaker, matching Peugeot family’s reduced...
- Gm And Psa Peugeot-citroen In Talks About A Possible Alliance
In an interview with radio station Europe1 on Tuesday, French Labor Minister Xavier Bertrand revealed that PSA Peugeot-Citroen CEO Philippe Varin informed the government that the automaker is talking to General Motors about forming an alliance. Reuters...
- Volkswagen Group Operating Profits Soar 86 Percent In The First 9 Months Of 2011
Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever. On Thursday, Europe's largest automaker, the Volkswagen...
- Deutsch Bank: Gm's Shares May Become Worthless
General Motors shares plummeted $1, or 23% to $3.36 on the New York Stock Exchange today-their lowest point since 1949- after a Deutsche Bank AG analyst downgraded the automakers stocks, saying they may be worthless in a year. "Even if GM is able to secure...