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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 after rival Renault-Nissan started local car production. PAN Nigeria Ltd. will start limited production of the Peugeot 301 sedan at a manufacturing facility in the central state of Kaduna, in Africa's ...
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More psa articles

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 ...
PSA CEO wants to fight rival European VW brand
Volkswagen AG is currently the top European automaker and also the second largest global auto company, so the ambitions of the CEO of the second largest European auto producer are ...
After Dongfeng and French buy, PSA is offering more stock to investors
Europe’s second biggest automaker, after finally closing the deal on the stakes sold to both Chinese partner Dongfeng Motor and the French state is further financing its turnaround plan by ...
PSA Peugeot Citroen posts Q1 gains on European recovery
Europe’s second largest automaker, which was until now hit by the almost six years slump in demand in the European market, enjoyed a profitable first quarter in 2014, thanks to ...
Report – PSA could move to return to the United States
PSA Peugeot Citroen last sold a car – the Peugeot 405 – in the US in 1991, but now the company’s new chief executive officer Carlos Tavares has hinted to ...
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 ...
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 ...

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