Post Tagged with: "philippe varin"

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PSA to Push Peugeot and Citroen Further Apart

PSA to Push Peugeot and Citroen Further Apart

PSA Peugeot Citroen plans new strategy to push its two brands further apart, attracting analysts’ skepticism. For a long time PAS has dealt with the problem of Peugeot and Citroen vehicles sharing very similar customer base. Last month, when PSA Peugeot Citroen presented its 2012 financial results, CEO Philippe Varin […]

Peugeot looking to BRICS countries for recovery

Peugeot looking to BRICS countries for recovery

PSA Peugeot Citroen is looking to Brazil, China and Russia for salvation, as its heavy exposure to France, Italy and Spain has brought its finances in a disastrous state. Deeply affected by the crisis in Europe, Peugeot wants to significantly reduce its dependency on European markets. PSA Peugeot Citroen CEO […]

Opel to build Peugeot-based cars

Opel to build Peugeot-based cars

General Motors and PSA Peugeot Citroen agreed to collaborate on a new range of small cars and minivans based on the French company’s technology. However, the carmakers’ joint car programs are nearing some tough decisions regarding the plants where the cars will be made, GM vice-chairman Steve Girsky and Peugeot […]

Peugeot Cuts Cash Burn in Half Next Year

Peugeot Cuts Cash Burn in Half Next Year

PSA Peugeot Citroen CEO Philippe Varin said the company plans to cut its monthly cash burn to half reaching 100 million euro ($133 million) in 2013. CEO Philippe Varin also said that PSA Peugeot Citroen still aims at breaking even in terms of operating cash flow by the end of […]

PSA Peugeot Citroen insists with planned job cuts

PSA Peugeot Citroen insists with planned job cuts

PSA Peugeot Citroen insists it will go on with planned job cuts, even as France announced support measures for the auto industry and called for EU action to limit South Korean imports. According to Peugeot, the 8,000 planned layoffs would help the company save €1.5 billion and stop its losses. […]