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PSA Peugeot Citroen chief executive mulling collaboration expansion with others than Toyota

PSA Peugeot Citroen chief executive mulling collaboration expansion with others than Toyota

According to chief executive officer Carlos Tavares, French automaker PSA Peugeot Citroen – the second largest in Europe – would like to expand beyond its ongoing partnership with Japan’s Toyota Motor, the world’s biggest carmaker. PSA and Toyota have had a successful partnership for years, sharing the cost of design, […]

Tavares ready for next moves in PSA rebirth

Tavares ready for next moves in PSA rebirth

PSA Peugeot Citroen chief executive officer Carlos Tavares needed just one year to get the loss making automaker back on track and the once failing company is looking surprisingly optimistic towards the future. Most importantly, the company that last year was bailed out in a last effort by China’s Dongfeng […]

PSA chief says merger negotiations with FCA still not possible

PSA chief says merger negotiations with FCA still not possible

According to chief executive officer Carlos Tavares, any possibility for a merger with another global automaker would only become viable for the second largest European automaker, PSA Peugeot Citroen after its recovery strategy would be completed. The chief executive officer of the ailing automaker, which last year needed a 3 […]

Europe: PSA increases production in Slovakia, joint venture with Mitsubishi to cease production in Russia again

Europe: PSA increases production in Slovakia, joint venture with Mitsubishi to cease production in Russia again

PSA Peugeot Citroen’s Slovak business unit is now mulling an increased yearly production that could soar past the 300,000 units mark by 2017 after the company has decided to introduce there a new production model. The French company, the second largest automaker in Europe, has already registered a record production […]

PSA sees recovery favored by economic prosperity

PSA sees recovery favored by economic prosperity

PSA Peugeot Citroen, the second largest automaker in Europe, is on course to surpass its primary recovery target earlier than planned, according to the company’s chief financial officer. The economic tailwinds include the uptick in the French carmaker’s status after it was successfully reinstated to the benchmark CAC-40 index following […]

PSA’s Tavares believed to make good on pledges

PSA’s Tavares believed to make good on pledges

With an ailing European market that saw two-decade lows after a six-year slump, the region’s second largest automaker was on the brink of collapse before last year’s salvation that came from China’s Dongfeng Motors and the French government. Almost twelve months ago the Chinese partner and the French authorities agreed […]