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PSA posts first-quarter revenue and sales drop

PSA posts first-quarter revenue and sales drop

Peugeot-Citroen Group’s first quarter revenue fell 1.4 percent because of “unfavorable” exchange rates, while sales decreased 1.7 percent. PSA Group’s quarterly revenue reached 12.998 billion euros (14.7 billion dollars), down from 13.185 billion a year ago, pushed back because of negative currency effects. If such unfavorable conditions had not had […]

PSA first results of real-world fuel consumption show levels of up to 50% higher

PSA first results of real-world fuel consumption show levels of up to 50% higher

The first fuel figures of Peugeot-Citroen real-world condition tests have arrived and there are evidently higher than in the laboratory. After the emissions storm triggered by Volkswagen, Peugeot-Citroen announced that it would measure and publicize real-world fuel economy figures for their models. Now, the French automaker has released the initial […]

Peugeot unveils battery-free hybrid technology

Peugeot unveils battery-free hybrid technology

PSA Peugeot Citroen on Tuesday unveiled a hybrid vehicle concept that combines a conventional engine with compressed nitrogen propulsion. The French carmaker says the pioneering solution would halve the cost of cutting emissions compared with current petrol-electric hybrids. The „Hybrid Air” system developed with auto parts supplier Robert Bosch is […]

Talks of a tie-up between Peugeot and Opel reportedly dropped

Talks of a tie-up between Peugeot and Opel reportedly dropped

General Motors and PSA Peugeot Citroen have halted talks on further integration amid doubts about the French carmaker’s worsening finances and government-backed bailout. According to people familiar with the matter quoted by Reuters, the companies, already pursuing an operational partnership announced in February, had also been considering a full combination […]

Peugeot shares trade at the lowest level in 27 years

Peugeot shares trade at the lowest level in 27 years

PSA Peugeot Citroen shares traded at the lowest level in almost three decades following Citigroup’s decision to cut its recommendation on the stock. The reason behind Citigroup’s move was Peugeot’s struggles with cash. Europe’s second-largest carmaker dropped as much as 5.1 percent to 4.51 euros and was trading down 4.3 […]