Post Tagged with: "Peugeot"

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Peugeot expands European market share

Peugeot expands European market share

PSA Peugeot Citroen’s largest brand has expanded its European market share reach in the first months of 2014, according to Peugeot’s chief Maxime Picat. Both Peugeot and Citroen, which are largely dependant on the European core market sales were hard hit by the six-years deep recession – and triggered the […]

PSA considering further production cuts to lower costs

PSA considering further production cuts to lower costs

PSA Peugeot-Citroen, which is currently Europe’s second-largest carmaker, is considering cutting production capacity at a French factory to reduce fixed costs amid slumping sales on the continent. Peugeot, which reported a first-half operating loss of 510 million euros ($685 million) in its automotive unit, aims to reduce cash consumption by […]

Peugeot planning 208 R hot hatch

Peugeot planning 208 R hot hatch

The French based automaker Peugeot is planning to introduce an even hotter version than the current 208 GTI, which is expected to be named the Peugeot 208 R. The announcement hasn’t been made official just yet by the carmaker but it was hinted by Maxime Picat, the company’s CEO, in […]

Peugeot’s CEO profit boost plan

Peugeot’s CEO profit boost plan

In an interview with the colleagues from Automotive News Europe, Peugeot’s CEO Maxime Picat talked about the plan of the French company for raising profitability without adding a premium sub-brand line-up like Citroen. Peugeot will increase earnings from its lineup by introducing premium versions to each model line instead of […]

Report – PSA reaches union deal

Report – PSA reaches union deal

Two sources that have knowledge of the matter said PSA Peugeot Citroen is now finally free to concentrate on the reported deal with Dongfeng and the French government, as the company secured a deal with unions to cut down its operating costs. Unions, which make more than 60% of workers, […]

Report: PSA – Dongfeng talks are slow

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 that came back from China. The people, which are close to the proceedings, said the French company now wants to […]