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Retail Asia23/11/2020

Fiat Chrysler’s merger with Peugeot maker PSA will include a loyalty scheme to reward long-term investors and help prevent future takeover attempts, the prospectus for the planned tie-up shows. Italian-American carmaker Fiat Chrysler (FCA) and France’s PSA agreed to combine in a $38 billion all-share deal in December, uniting brands such as Fiat, Jeep, Dodge, […]

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Retail Asia15/05/2020

The boards of automakers Fiat Chrysler Automobiles N.V. and Peugeot S.A said on Wednesday it would not pay an ordinary dividend for 2019 this year due to a collapse in consumer demand resulting from the COVID-19 pandemic. The health crisis has thrown the global auto industry into the worst tailspin since the 2008-09 financial crisis. […]

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Retail Asia22/04/2020

French automaker PSA on Tuesday warned of sharp falls in demand for the sector this year after posting a 15.6% drop in first-quarter sales but maintained its mid-term operating margin goal. The maker of Peugeot, Citroen, DS, Opel and Vauxhall is working through a merger with Italy’s Fiat Chrysler but like its peers has been […]

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Retail Asia28/01/2020

French automotive group PSA, maker of the Peugeot and Citroen brands, said in a statement it will repatriate expat staff and their families from the Wuhan area in China, which is at the center of an outbreak of coronavirus. It said that 38 people would be evacuated and that the initiative will be executed in […]

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Retail Asia27/12/2019

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Fiat Chrysler Automobiles and Peugeot S.A. have today signed a binding Combination Agreement providing for a 50/50 merger of their businesses. This merger creates the 4th largest global automotive OEM by volume and 3rd largest by revenue. The proposed combination will be an industry leader with the management, capabilities, resources and scale to successfully capitalize […]

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Retail Asia29/11/2019

Fiat Chrysler (FCA) said on Thursday talks with Peugeot owner PSA Group to create a $50 billion carmaking group were going well, despite FCA being sued for “substantial damages” by General Motors late on Wednesday. General Motors (GM) filed the lawsuit in the United States, alleging FCA had bribed United Auto Workers (UAW) union officials over […]

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Retail Asia14/11/2019

Fiat Chrysler and Peugeot owner PSA’s pledge not to close factories if they merge is likely to come under heavy strain as the combined group would have spare production capacity of almost six million vehicles in a slowing autos market. The companies last week unveiled plans to create a $50 billion group that would leapfrog […]

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Retail Asia08/11/2019

Fiat Chrysler and Groupe PSA, the maker of Peugeot and Citroen cars, moved a step closer Wednesday to create a new global auto giant as the industry battles ever fiercer competition and the costly shift from traditional to electric cars. A source familiar with the matter told AFP that the board of PSA had approved […]

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Retail Asia13/08/2019

PCA Motors India, part of Groupe PSA today announced opening its new India Technical Centre (ITC) in Chennai, Tamil Nadu. The company says that the new technical centre will play a key role in the smoother and more efficient working of the employees of PSA India, in addition to boosting the capacity of the group […]

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Retail Asia02/07/2019

Plans to merge carmakers Renault and Fiat Chrysler could re-emerge despite the breakdown of negotiations last week, France’s transport minister said on Tuesday, joining a chorus of French officials hoping the deal could be revived. Asked if talks between the two companies were over, Elisabeth Borne said: “I think it is not closed.” Borne’s comments […]

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Retail Asia23/05/2019

The Trường Hải Automobile Corporation (Thaco) in co-operation with French car manufacturer Peugeot Group (PSA) officially inaugurated a new manufacturing plant and rolled out two made-in-Vietnam models – the Traveller Luxury and Traveller Premium – in the central province of Quảng Nam yesterday. The luxury European car brand’s plant, which cost VNĐ4.5 trillion (nearly US$200 million), […]

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Retail Asia11/04/2019

While the PSA Peugeot-Citroen group has officially announced that it will bring its Citroen brand to India, we finally have some news on its plans for Ambassador too. Two days before holding its first-ever official press conference in India to show us Citroen’s debut model for the country, we have learnt of a parallel plan afoot […]

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Retail Asia13/02/2019

Truong Hai Auto Corporation (THACO) is planning to issue more than 30.3 million shares to a strategic shareholder. The company is currently collecting shareholders’ opinions on a draft resolution to authorize a private placement worth an estimated total of VND3.89 trillion ($167.19 million) to Jardine Cycle & Carriage, a Singaporean diversified conglomerate that specializes in […]

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Retail Asia27/03/2018

PSA Group has signed a deal with Malaysian company Naza to jointly produce PSA-branded cars for Malaysia and other Asian markets. It is part of the automaker’s plans to boost its presence in the region after a failed bid to form a partnership with with Proton Holdings. PSA said in a statement on Monday that it had […]

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Retail Asia05/12/2017

French carmaker PSA Group is increasing shipments of Chinese-made gasoline engines to Europe as it adapts to a consumer shift away from diesel, Les Echos reported on Monday. The maker of Peugeot and Citroen cars now expects to source 100,000 gasoline engines from Chinese plants, an increase on the 55,000 it had previously planned to […]

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Retail Asia13/11/2017

Peugeot maker PSA Group signed a joint venture agreement with three Algerian partners on Sunday to build cars in the North African country. The French carmaker said it would invest around 100 million euros ($117 million), equalling 49 pct of the joint venture’s capital. The joint venture will set up a plant in the western […]

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Retail Asia27/07/2017

PSA Group increased sales and profit in the first half, the maker of Peugeots and Citroens said, beating analyst expectations with a new profitability record at its core manufacturing division. Net income rose 3.6 percent to 1.26 billion euros ($1.46 billion) on a 5 percent increase in revenue to 29.17 billion, the French carmaker said […]

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Retail Asia23/05/2017

French car makers Renault and Peugeot have committed to increasing their orders from ailing components-maker GM&S Industry after their chief executives spoke with Economy Minister Bruno Le Maire, his ministry said on Sunday. The future of the company, which employs 277 people in central France and is facing liquidation, was a priority of President Emmanuel […]

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Retail Asia03/05/2017

Car maker Opel, which PSA Group has agreed to buy from General Motors, will use the French carmaker’s technology in the next generation of its best-selling Corsa model, a company spokesman said, confirming a report. The current Corsa model is built with GM technology. Opel had previously said its new Corsa, slated to be launched […]

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Retail Asia03/05/2017

French carmaker Peugeot is partnering with Boston, Massachusetts-based tech firm nuTonomy to test self-driving cars in Singapore. NuTonomy’s software, sensors and computing platforms will be installed in Peugeot 3008 models as part of plans to develop the technology needed for large fleets of autonomous cars, PSA and nuTonomy said in a statement on Wednesday. The […]

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