Cars
A number of European carmakers are facing the same problem: they have more facilities and employees churning out more cars than they can sell.
- Marchionne Refutes Bloomberg Report On Fiat, Peugeot And Opel Tie-up
On Tuesday, we ran a story based on a report by Bloomberg News that Fiat CEO Sergio Marchionne has been talking to PSA Peugeot Citroen and Opel executives about the three carmakers merging into a single entity. Today, however, Marchionne refuted the...
- Once More: Marchionne Wants To Merge With Peugeot And Opel, Outgun Vw In Europe
All mainstream European carmakers are, to a higher or lower degree, facing problems due to the debt crisis that’s storming the continent. Ford has started closing down plants, Opel and Peugeot are burning cash each day for the past eight months...
- Gm And Psa Peugeot Citroen Reportedly Considering European Merger
With GM’s European Opel/Vauxhall brands and PSA Peugeot Citroen losing money as well as market share fast, the two groups are looking for ways to make the best out of the alliance they formed on February 29. Under the initial agreement, GM paid...
- Gm May Be Forced To Write Down Psa Peugeot Citroen Investment, But Will Hold On To The Alliance
Looking for a way to fix its ailing European operations, which was the only ointment in its crown in 2011 when it regained the number one spot in world car sales, General Motors formed an alliance with PSA Peugeot Citroen last March. On paper, it was...
- Volkswagen Wants Fiat-chrysler Ceo Sergio Marchionne To Quit As Head Of Acea
The rising political and economic tensions between Germany and most Northern European countries have now spilled over to the automotive sector as the Volkswagen Group threatened to quit the ACEA due to comments made by the head of the European automakers...
Cars
European Carmakers Must Deal with the Crisis Fast or Face the Consequences
A number of European carmakers are facing the same problem: they have more facilities and employees churning out more cars than they can sell.
Automotive CEOs acknowledge the fact and understand that something needs to be done about it. Fiat’s Sergio Marchionne has often said that European carmakers must consolidate or risk going down and he is constantly trying to tie-up the Fiat-Chrysler group with another carmaker.
GM’s Dan Akerson has stated that he's fed up with losing money with Opel and Vauxhall. However, the recently formed alliance with PSA Peugeot Citroen could provide a solution to this problem.
Read more »- Marchionne Refutes Bloomberg Report On Fiat, Peugeot And Opel Tie-up
On Tuesday, we ran a story based on a report by Bloomberg News that Fiat CEO Sergio Marchionne has been talking to PSA Peugeot Citroen and Opel executives about the three carmakers merging into a single entity. Today, however, Marchionne refuted the...
- Once More: Marchionne Wants To Merge With Peugeot And Opel, Outgun Vw In Europe
All mainstream European carmakers are, to a higher or lower degree, facing problems due to the debt crisis that’s storming the continent. Ford has started closing down plants, Opel and Peugeot are burning cash each day for the past eight months...
- Gm And Psa Peugeot Citroen Reportedly Considering European Merger
With GM’s European Opel/Vauxhall brands and PSA Peugeot Citroen losing money as well as market share fast, the two groups are looking for ways to make the best out of the alliance they formed on February 29. Under the initial agreement, GM paid...
- Gm May Be Forced To Write Down Psa Peugeot Citroen Investment, But Will Hold On To The Alliance
Looking for a way to fix its ailing European operations, which was the only ointment in its crown in 2011 when it regained the number one spot in world car sales, General Motors formed an alliance with PSA Peugeot Citroen last March. On paper, it was...
- Volkswagen Wants Fiat-chrysler Ceo Sergio Marchionne To Quit As Head Of Acea
The rising political and economic tensions between Germany and most Northern European countries have now spilled over to the automotive sector as the Volkswagen Group threatened to quit the ACEA due to comments made by the head of the European automakers...