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Peugeot Cuts by Half Its Lineup to reach 2% Margins by 2018


PSA Peugeot Citroen plans to return to profitability by cutting its model lineup by almost 50% and by turning the Citroen unit’s DS badge into a stand-alone brand. PSA Peugeot Citroen Chief Executive Officer Carlos Tavares said that the strategic plan will help the automaker increase its operating margin in the auto sales to 2% by 2018 and to 5% in ...
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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, ...
UK: Citroen DS3 Benefit introduced
The new Citroen DS3 Benefit has been introduced recently to the United Kingdom, where the model in question will set you back for 14,795 GBP, once it will become available ...
New Citroen car teased for China
The French based automaker Citroen has released a new teaser image of an upcoming Sedan, which will be launched in China, in the nearby future. With the Chinese automotive market increasing ...
PSA names former Renault No.2 Tavares as next CEO
PSA Peugeot Citroen announced late yesterday that its next chief executive would be former Renault No.2 Carlos Tavares, in a move that may help to secure new funding from Chinese ...
Citroen’s CEO talks about brand strategy
Frederic Banzet, the CEO of Citroen talked to our colleagues from Automotive News and explained how Citroen wants its new C-line to match the success of its DS upscale sub ...
Today PSA shut down Citroen’s Aulnay plant, more European factories to follow
A Citroen C3 was the last car to be produced at the plant that once employed 3,300 workers on the outskirts of Paris. Since Peugeot announced plans to close the 40-year-old ...
Report – PSA reaches union deal
Two people familiar with the matter said that PSA Peugeot Citroen is now absolutely free to concentrate on the reported deal with Dongfeng and the French government after the company ...
Report: PSA – Dongfeng talks are slow
Peugeot's negotiations on the 3 billion euro ($4.11 billion) French-backed tie-up with Dongfeng are slower than the what the troubled carmaker expected, according to sources that talked to the negotiators ...
Report – Dongfeng deal push set on scene by GM-Peugeot setbacks
According to sources with knowledge of the matter, China's Dongfeng could ultimately become the French automakers last hope, as General Motors decided to wind down cooperation with Peugeot soon after ...

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