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French President Francois Hollande Expects Peugeot’s Executives and Shareholders to Find Solutions


Today, June 28th, French President Francois Hollande said that the government can offer its point of view only after Peugeot’s executives and shareholders will set out plans for the automaker’s future. "First, it's up to the shareholders and Peugeot's managers to comment," Hollande told journalists after an EU summit in Brussels. "I leave it up to the shareholders and the managers ...
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Report: Goodyear to close plant in northern France
Tyre maker Goodyear is preparing to shut down a French plant that employs 1,250 workers near the northern city of Amiens. According to a French government official quoted by French newspaper ...
Opel denies report about being taken over by PSA Peugeot Citroen
Opel has denied a report from a French newspaper that cited government officials as saying PSA Peugeot-Citroen should buy Opel in order to challenge VW's dominance in Europe. Contacted by Automotive ...
French government names former EADS boss to Peugeot board
PSA Peugeot Citroen appointed a senior government adviser and former head of EADS to its supervisory board. Europe's second-largest carmaker accepted the appointment in exchange for a state-backed bailout. The Peugeot ...
Renault to sign agreement on new Algeria plant on Wednesday
French automaker Renault SA is expected to sign a final deal on Wednesday to build a plant in Algeria for the local market. The carmaker will use a visit by French ...
Auto workers siege Paris auto show to protest layoffs, police responds with teargas
Protesters were dispersed with teargas by the French riot police outside the Paris auto show on Tuesday. The incidents took place as there were nationwide demonstrations over increasing job losses in ...
PSA Peugeot Citroen debt risk soars to a record level
PSA Peugeot-Citroen is seeing difficult times ahead, as the cost of insuring the company soared more than any company in Europe. The reason for this is that insurers are worried that ...
French PM to meet Peugeot Citroen chief Varin today
The head of French carmaker PSA Peugeot, Philippe Varin will meet French Prime Minister Jean-Marc Ayrault on Monday ahead of a government plan for the car sector due next week. The ...
PSA Peugeot Citroen vulnerable to hostile takeover bids – Chairman
France government criticism of PSA Peugeot Citroen's jobcuts left the automaker vulnerable to hostile takeover bids, Chairman Thierry Peugeot said in an interview with Le Figaro. "We're prepared to accept criticism, ...
France: No aid for Peugeot without concessions – minister
PSA Peugeot Citroen, the larger and more financially distressed of France’s two carmakers, is heading for a big first-half loss, loosing €200m of cash a month. But France will not grant ...

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