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PSA’s Faurecia increases first quarter revenue


Faurecia SA, Europe’s biggest car interior maker, partly owned by France’s PSa Peugeot Citroen announced its first quarter revenue grew 3.4% thanks to increased Asian sales and a recovery of the European core market. Faurecia, which is 52% owned by PSA, is moving towards an Asian and North American expansion to alleviate its European dependence – after the region’s market was ...
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PSA Peugeot Citroen Presents Profit Goal for Recovery Plan
French automaker PSA Peugeot Citroen relies on its new recovery plan to reach a 2% operating margin in the automotive division in 2018. Chief Executive Carlos Tavares said that the recovery ...
Peugeot 2008 demand spurs increased production
PSA Peugeot Citroen has decided to increase production of its small crossover – 2008 – due to rising demand – welcomed news for the battered automaker. While General Motors is now ...
Dongfeng-Peugeot Tie-Up to Expand Beyond Asia-Pacific Region
Dongfeng Motor said that partnership with French automaker PSA Peugeot Citroen will not be limited only to the Asia-Pacific region, targeting also Russia and Brazil as possible markets. The partnership signed ...
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 ...
High Demand: PSA to expand Peugeot 308 output; ads a night shift
PSA – Peugeot-Citroen, the second-largest Europe-based automaker plans to increase production of Peugeot 308 model after the French company received more than 60,000 orders for the new hatchback since the ...
Report: PSA state backed candidate for chairman also supported by Peugeot family
According to a report coming from French newspaper Le Figaro, Louis Gallois, a French civil servant could most likely become PSA’s new Chairman, after the government managed to attract the ...
Tavares faces tough job as PSA’s new CEO
While not yet at the command of the PSA Peugeot Citroen auto giant, Tavares seems confident he will succeed in turning around the ailing carmaker. PSA Peugeot Citroen’s recent business undertakings ...
French state investment in PSA actually bends rules
We thought we already knew all there is to know about PSA’s 3 billion euros capital injection made by China’s Donfeng and the French state. Well, t actually turns out ...
Europe: PSA to refinance 2.7 billion euro loan
The French automaker PSA Peugeot Citroen, which recently made official its 3 billion euro capital increase plan that would see China’s Dongfeng and the French state hold matching 14% stakes ...

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