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PSA Peugeot Citroen Presents Profit Goal for Recovery Plan


French automaker PSA Peugeot Citroen relies on its new recovery plan to reach a 2% operating margin in the automotive division in 2018. Chief Executive Carlos Tavares said that the recovery strategy implies cutting costs and reducing the number of models in order to reach profitability from a loss of 1.042 billion euro in 2013, or 2.9% of sales. "We are going ...
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More Citroen articles

Citroen teasing DS X7 SUV for Beijing
Citroen has released the first teaser image with the DS X7 SUV which will be officially presented to the public during the 2014 Beijing Motor Show. The French based automaker Citroen ...
Citroen c-Quatre VTS was launched in China
Citroen has recently introduced a sportier looking version of the c-Quatre (C4) in China, which is currently wearing the GTS name. The brand new Citroen c-Quatre VTS is currently available for ...
Citroen DS 5LS R Sport Sedan Concept officially unveiled
The French based automaker Citroen has recently unveiled its newest creation, the so-called DS 5LS R Sport Sedan Concept, which will be officially presented to the public during the 2014 ...
Citroen C4 Cactus Arsenal Edition unveiled on April Fools’ Day
Citroen couldn’t stay away from the “classic” April Fool’s Day jokes and it has prepared a special edition of the recently unveiled C4 Cactus dedicated to Arsenal fans. Citroen’s newest creation, ...
Carlos Tavares is the new head of PSA Peugeot Citroen – official
Carlos Tavares, 55, is the new CEO of PSA Peugeot Citroen – the French automaker announced on Monday. On the same time, PSA said Philippe Varin will serve as Group temporary ...
Dongfeng-Peugeot Tie-Up to Expand Beyond Asia-Pacific Region
Dongfeng Motor said that partnership with French automaker PSA Peugeot Citroen will not be limited only to the Asia-Pacific region, targeting also Russia and Brazil as possible markets. The partnership signed ...
Peugeot’s Tie-Up With Dongfeng Might Solve Some Problems But Not All
Although PSA Peugeot Citroen and Chinese automaker Dongfeng have signed a tie-up, the French automaker still has major challenges to deal with. The partnership between PSA Peugeot Citroen and Dongfeng will ...
PSA targeting 10 percent of China’s luxury car market with the Citroen’s DS brand
PSA Peugeot Citroen is wants to gain 10 percent of China’s luxury vehicle sales by promoting the Citroen DS brand to people in fashion and design. The French automaker targets sales ...
Citroen DS3 Dark Rose Limited Edition announced
Citroen has announced yet another limited edition of the DS3 which has been named the Dark Rose. The French based automaker Citroen has officially prepared another limited edition of the DS3, ...



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