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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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PSA Peugeot Citroen Might Reduce Model Range to Return to Profitability
PSA Peugeot Citroen might see its model range reduce, part of the restructuring strategy aimed at returning the company to profit. The new chief executive officer of PSA Peugeot Citroen, Carlos ...
Daimler Buses To Boost Sales in 2013 and Return to Profitability
Daimler Buses aims at increasing sales and return to profitability this year. Daimler Buses is relying on its major product offensive and on its implementation of the GLOBE2013 efficiency and growth ...
Suppliers Expect Toyota to Reduce Price Cuts Due to Weak Yen
Toyota’s suppliers said the automaker might not ask them to cut prices as the weak yen will boost profit. Over the last two years the strong yen made Toyota impose some ...
Bosch Cuts Investments for 2013
Robert Bosch said that this year it will postpone investments as the crisis in Europe made the company miss its 2012 profitability target. According to Chief Executive Officer Volkmar Denner, Bosch’s ...
Kia reports smaller than expected profit because of labor strikes
Kia Motors Corporation reported a smaller than expected profit as the second-worst strike in the past decade affected vehicle production. South Korea's second largest carmaker reported a third-quarter net income of ...
Volkswagen Group presents record results for 2011
Volkswagen Group, Europe’s largest carmaker said its 2011 profit before tax rose by around 10 billion euros to 18.9 billion euros from last year as demand increased for Audi and ...
PSA Group sees European market down 5% this year, cut jobs
In 2012, the Europe 30 market should contract by 5 percent and by 10 percent in France, French carmaker Peugeot Citroen said Wednesday. Outside of Europe, the Group is anticipating growth ...
Moody’s changes Toyota Motor’s outlook to negative
Moody's changes Toyota Motor's outlook to negative from stable, despite forecasting sales to grow by one-fifth in the coming year, the rating company said on Thursday. The change in outlook reflects ...
GM: Opel strategy a failure, is progressing slower than expected
General Motors vice Chairman Steve Girsky, in an interview with Financial Times Deutschland said its strategy for turning back to profit its European carmaking division Opel, was a failure. "Unfortunately, our ...

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