Cars
With the economic recession deepening in Europe, things aren't getting better for PSA Peugeot Citroën, which decided to sell its Parisian headquarters to raise cash and lower its mounting debts.
- 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...
- Psa Peugeot Citroën To Cut 3,500 Jobs In Europe As It Tries To Slash Costs
French carmaker PSA Peugeot Citroën is feeling the burden of the economic crisis as the company said on Wednesday that despite group revenues being up 3.5% compared with third-quarter 2010, its core automotive division's revenues are down 1.6%...
- Saab Details Partnership With China’s Hawtai Motor Group
In his attempt to save Saab- again, and after having secured short-term cash of €30 million (US$44.6 million), Spyker Car N.V. CEO Victor Muller’s next move was to sign a strategic partnership with China’s Hawtai Motor Group. Under...
- Peugeot And Citroen To Rebadge Mitsubishi's Asx / Rvr, Sales Start In 2012
Japan's Mitsubishi Motors and France's PSA Peugeot- Citroën are deepening their industrial ties in Europe by announcing yet another collaborative project, this time regarding Mitsubishi's ASX compact SUV. Under the agreement, Mitsubishi...
- Peugeot 4007 & Citroën C-crosser To Be Built In Europe From 2009
The French group PSA Peugeot-Citroën announced today that it has come to an agreement with Mitsubishi to transfer the production of the Outlander SUV based Peugeot 4007 and Citroën C-Crosser models from Japan to Europe. The two French SUVs are currently...
Cars
PSA Peugeot-Citroën Sells its Head Office in Paris to Raise Cash
With the economic recession deepening in Europe, things aren't getting better for PSA Peugeot Citroën, which decided to sell its Parisian headquarters to raise cash and lower its mounting debts.
The French group signed an agreement to sell the building that staffs some 2,000 people to Ivanhoe Cambridge, a subsidiary of the Caisse de dépôt et placement du Québec, for €245.5 million (US$325 million).
Read more »- 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...
- Psa Peugeot Citroën To Cut 3,500 Jobs In Europe As It Tries To Slash Costs
French carmaker PSA Peugeot Citroën is feeling the burden of the economic crisis as the company said on Wednesday that despite group revenues being up 3.5% compared with third-quarter 2010, its core automotive division's revenues are down 1.6%...
- Saab Details Partnership With China’s Hawtai Motor Group
In his attempt to save Saab- again, and after having secured short-term cash of €30 million (US$44.6 million), Spyker Car N.V. CEO Victor Muller’s next move was to sign a strategic partnership with China’s Hawtai Motor Group. Under...
- Peugeot And Citroen To Rebadge Mitsubishi's Asx / Rvr, Sales Start In 2012
Japan's Mitsubishi Motors and France's PSA Peugeot- Citroën are deepening their industrial ties in Europe by announcing yet another collaborative project, this time regarding Mitsubishi's ASX compact SUV. Under the agreement, Mitsubishi...
- Peugeot 4007 & Citroën C-crosser To Be Built In Europe From 2009
The French group PSA Peugeot-Citroën announced today that it has come to an agreement with Mitsubishi to transfer the production of the Outlander SUV based Peugeot 4007 and Citroën C-Crosser models from Japan to Europe. The two French SUVs are currently...