/ Citroen, Industry, News, Peugeot / PSA starts home recovery

PSA starts home recovery

Linked In Share
PSA starts home recovery

The battered European carmaker has announced it’s starting the restructuring process at home in France by investing 300 million euros ($408 million) to upgrade and actually also contract its Mulhouse factory.

This is all part of the bigger revamp plan envisioned by the new Chief Executive Carlos Tavares, which unveiled the “Back in the race” strategy not long ago – just as PSA Peugeot Citroen was issuing new shares that would allow its Chinese partner Dongfeng, the French state and other minority shareholders boost the cash flow of the troubled automaker.

“This project is great news for the Mulhouse plant. It’s also a huge challenge for us because upgrading the manufacturing process will make it possible for us to become one of the best European plants in the C and D segments, with superior quality and competitiveness,” said plant manager Corinne Spilios.

The French carmaker, Europe’s second largest, also held talks with the unions, giving them insight on the future plans for the manufacturing facility – the future build of two new, big cars and a model in the compact segment. Their second biggest plant at home would nevertheless be downsized to just one production line – with production capacity set to reach a 200,000 units level before the first new car would be introduced, somewhere around 2016.

Via Automotive News Europe

by Aurel Niculescu (my Google+) - Friday, June 13th, 2014 - filed under Citroen, Industry, News, Peugeot. Image credit: .
Linked In Share
Related Articles
europe factory france investment psa


Discuss: PSA starts home recovery

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Sixth engine penalty inevitable now for Vettel
Sixth engine penalty inevitable now for VettelSep.20 (GMM/Inautonews.com) Sebastian Vettel's bad season continued to get worse even at the Singapore circuit he humbled at the ...
Massa tells Alonso to resist McLaren switch
Massa tells Alonso to resist McLaren switchSep.20 (GMM/Inautonews.com) Felipe Massa has advised his former Ferrari teammate Fernando Alonso to stick with the Italian team ...
FIA clampdown dubbed ‘Radio Ga-Ga’ in Singapore
FIA clampdown dubbed ‘Radio Ga-Ga’ in SingaporeSep.20 (GMM/Inautonews.com) F1's intended clampdown on performance communications between teams and drivers has been dubbed ...
Toro Rosso targets Suzuka debut for Verstappen
Toro Rosso targets Suzuka debut for VerstappenSep.20 (GMM/Inautonews.com) Toro Rosso intends to give Max Verstappen his F1 weekend debut in Japan early next month. Earlier, ...
Button admits McLaren decision could end career
Button admits McLaren decision could end careerSep.20 (GMM/Inautonews.com) Jenson Button has acknowledged that McLaren's deliberations over its 2015 lineup could leave him ...
Vettel ‘the right man for Ferrari’ – Ecclestone
Vettel ‘the right man for Ferrari’ – EcclestoneSep.19 (GMM/Inautonews.com) Bernie Ecclestone has named struggling world champion Sebastian Vettel as "the right man for ...
Test Drive: Peugeot 2008 1.6 e-HDI
Test Drive: Peugeot 2008 1.6 e-HDIThe small crossover offered by the French automaker has become an acquaintance to the inautonews.com team, with the 2008 being ...
FIA backtracks on car performance radio clampdown
FIA backtracks on car performance radio clampdownSep.19 (GMM/Inautonews.com) The FIA has backtracked over its total clampdown on "performance"-related radio communications in ...
Next-gen Mitsubishi L200 to be offered as a Fiat too
Next-gen Mitsubishi L200 to be offered as a Fiat tooMitsubishi and Fiat have signed a partnership which will lead to the development of a midsize pickup truck by the Italian based ...
Lamborghini Veneno Roadster is looking for a new owner
Lamborghini Veneno Roadster is looking for a new ownerThe last example of the Lamborghini Veneno Roadster is currently looking for a new owner who will have to pay 5,700,000 EUR ...
2015 Vencer Sarthe supercar officially unveiled
2015 Vencer Sarthe supercar officially unveiledThe 2015 Vencer Sarthe has been officially unveiled by the Dutch based automaker and the model in question will go on sale from ...
Ferrari 458 Italia gets crashed beyond recognition, kills occupants
Ferrari 458 Italia gets crashed beyond recognition, kills occupantsOne of the worst crashes of a Ferrari 458 Italia is coming from Germany where the supercar combined with excessive speed has ...
[VIDEO] Audi TT-S gets tested by Autocar
[VIDEO] Audi TT-S gets tested by AutocarAutocar’s Matt Prior has recently went for a spin in the hottest version of the new-gen TT, for the moment at least, the ...
Five amazing new car exhaust pipes
Five amazing new car exhaust pipesThe editors at cars.com decided it’s time to relax, lean back and… see some amazing tail ends of today’s great rides. Yes, ...
Teenager borrows neighbor’s Lamborghini, gets killed in test drive
Teenager borrows neighbor’s Lamborghini, gets killed in test driveAn 18-year old kid has tragically lost his life in a test drive with the neighbor’s Lamborghini. A short test drive of a ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Peugeot_2008_1
2015 Vencer Sarthe 1
ferrari 458 italia crash germany autobahn 1
chevrolet-corvette-z06-rear2015
lamborghini gallardo crash mount sinai 1
Spied 2016 Mercedes E-Class 001
ferrari fxx for sale dubai 1
Volkswagen Beetle GRC 1
Range Rover Evoque SW1 1
kia vehicles paris motor show 1
Scion x Riley Hawk Skate Tour xB
Volvo XC90 R-Design 1

More automotive from inautonews
The small crossover offered by the French automaker has become an acquaintance to the inautonews.com team, with the 2008 being tested in two other occasions. The coordinates remain the same though; the model needs to prove its prowess in the crowded scenery of the fastest-rising segment in ...
read more
Inautonews Editors Section
Test Drive: Peugeot 2008 1.6 e-HDI
Test Drive: Peugeot 2008 1.6 e-HDIThe small crossover offered by the French automaker has become an acquaintance to the inautonews.com team, with the 2008 being tested in two other ...
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a dominant fashion ...
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: GM CNG vansThe North American based automotive giant General Motors has recently issued yet another recall, ... Recall roundup: Toyota vehicles for fire riskThe Japanese based automaker Toyota has recently issued a recall for several of its vehicles ...
Safety Section