Cars
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 reported that GM, which is the world’s number one automaker, and the PSA Group, which is the second largest carmaker in Europe, are not discussing a merger, but sharing vehicles and parts. Furthermore, any capital exchange between them would be minimal and purely symbolic.
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Psa To Continue To Build Minicars With Toyota, Bmw Engine Partnership Not Over Yet
PSA Peugeot-Citroen and Toyota will continue their collaboration in the minicar segment in Europe, the French group's CEO told a German magazine. “Yes, the next generation will once again be jointly developed and produced in the Czech Republic,â€...
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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...
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Gm And Psa Peugeot Citroen Appoint Members To New Joint Panel
The fast moving alliance created last month by General Motors and PSA Peugeot Citroen is wasting no time getting things into order as the two companies today announced the creation of a joint panel with five senior executives from each side (see the...
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Sources Say Gm Wants To Acquire 5 Percent Stake In Psa Peugeot-citroën As Alliance Talks Progress
A merger, a tie-up, an alliance or a collaboration, whatever you call it, at the end of the day, it all boils down to one thing: how well two automakers can work together in order to minimize costs and maximize profits. As previously reported, General...
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New Citroen C4 Aircross: Psa's Second Take On The Mitsubishi Asx
Is it sibling rivalry or pure coincidence? No matter: the PSA Peugeot Citroen Group unveiled today not one but two compact crossovers: the Peugeot 4008 and the Citroen C4 Aircross. Both models are based on the Mitsubishi ASX and were created as part...
Cars