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Report – PSA in talks with Mahindra for scooter unit sale


Sources that have knowledge of the plans have reported to Bloomberg that Indian maker Mahindra & Mahindra is in advanced negotiations to acquire PSA Peugeot Citroen’s scooter business. India’s largest producer of tractors and sport-utility vehicles looks set to expand its reach towards the very lucrative scooter market while PSA Peugeot Citroen’s CEO Tavares seems eager to streamline the business of ...
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Report – Mahindra in alliance talks with PSA and NEVS
Indian carmaker Mahindra & Mahindra is reportedly exploring alliance opportunities with PSA-Peugeot-Citroen and the Saab brand owner, NEVS. The Indian newspaper Economic Times reported that Mahindra is taking into account partnerships ...
Peugeot to cut jobs at its Sochaux plant
PSA Peugeot Citroen will cut 300 jobs at its Sochaux factory in eastern France because it wants to reduce the plant's output. The company's trade union officials announced on Monday ...
PSA could be rehabilitated in the eyes of investors
After a government-assisted bailout this year and the loss of control of the founding family over PSA Peugeot Citroen, the second largest automaker in Europe could reach an important recovery ...
PSA dismisses Mahindra talks
After Fiat Chrysler Automobiles was not long ago the target of two consecutive tie-up rumors, the news has swung this week towards France’s PSA Peugeot Citroen. The European carmaker, the second ...
FCA now reportedly tying up with PSA
After media reports proposed a Volkswagen AG takeover deal for Fiat Chrysler Automobiles, Financial Times has moved to another speculation – the carmaker would tie-up with France’s PSA. Just like the ...
PSA to start car assembly in Nigeria this year
The French automaker, Europe’s second largest, wants to begin auto manufacturing in the African country with the aid of a local manufacturing partner. The news also comes just three months ...
Report – Ex PSA chairman ousted because of renewed criticism
PSA Peugeot Citroen's Thierry Peugeot, the former chairman of the company, has been forced out of the company after once more he voiced his disapproval for the way the French ...
PSA to lay off workers at French factory
The French automaker, the second largest in Europe, has decided to set up an early retirement benefit program for workers at its Rennes, France, plant willing to participate. The approximately 500 ...
PSA starts home recovery
The battered European carmaker has announced it’s starting the restructuring process at home in France by investing 300 million euros ($408 million) to upgrade and actually also contract its Mulhouse ...

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