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Europe: Faurecia mulling sale of bumpers unit

Europe: Faurecia mulling sale of bumpers unit

According to a recent report from Bloomberg, Faurecia SA, Europe’s largest maker of car interiors has envisioned a sale of its bumpers business, citing sources that have knowledge of the matter. According to the report the division might be valued at around $450 million, with the supplier negotiating sale terms […]

Peugeot to open new plant in Iran

Peugeot to open new plant in Iran

PSA Peugeot Citroen announced that discussions are at an advanced stage with partner Iran Khodro Industrial Group, a leading Iranian car producer, over opening a new auto making venture in Iran after a diplomatic breakthrough lifted sanctions against the country. An accord recently reached in Vienna between the Western powers […]

PSA to establish manufacturing base in Morocco

PSA to establish manufacturing base in Morocco

In a bid to reduce its production running costs and shed its overwhelming reliance on Europe, PSA Peugeot Citroen, the second largest automaker on the Old Continent disclosed recently it would construct a 557-million-euro ($630 million) assembly facility in Morocco. The French carmaker was last year flirting with bankruptcy but […]

Is PSA chief right in betting on DS premium brand?

Is PSA chief right in betting on DS premium brand?

Carlos Tavares, the chief executive officer tasked with rebuilding almost from the ground up PSA Peugeot Citroen, the second largest automaker in Europe, has one rogue element – is the DS premium brand really as successful long-term bet? Trailing by far the Volkswagen Group as the second biggest carmaker in […]