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Peugeot Cuts by Half Its Lineup to reach 2% Margins by 2018


PSA Peugeot Citroen plans to return to profitability by cutting its model lineup by almost 50% and by turning the Citroen unit’s DS badge into a stand-alone brand. PSA Peugeot Citroen Chief Executive Officer Carlos Tavares said that the strategic plan will help the automaker increase its operating margin in the auto sales to 2% by 2018 and to 5% in ...
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Carlos Tavares is the new head of PSA Peugeot Citroen – official
Carlos Tavares, 55, is the new CEO of PSA Peugeot Citroen – the French automaker announced on Monday. On the same time, PSA said Philippe Varin will serve as Group temporary ...
Peugeot’s Tie-Up With Dongfeng Might Solve Some Problems But Not All
Although PSA Peugeot Citroen and Chinese automaker Dongfeng have signed a tie-up, the French automaker still has major challenges to deal with. The partnership between PSA Peugeot Citroen and Dongfeng will ...
PSA Peugeot Citroen Might Reduce Executive Pension Packages
According to a report published by Les Echos newspaper, French automaker PSA Peugeot Citroen might reduce the pension packages for its executives. Several months ago PSA Peugeot Citroen chief executive Philippe ...
Gallois Looking Set to Become Chairman of PSA Peugeot Citroen
Former EADS CEO Louis Gallois could become PSA Peugeot Citroen’s new chairman, according to sources cited by Reuters. Speculation regarding his appointment surfaced as the French automaker’s board met on March ...
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 ...
Peugeot Promises Investment in France in Exchange For Pay Cut
PSA Peugeot Citroen promised to increase investments and production in France in the following three years if unions agree with reduced overtime pay and salary freeze. PSA Peugeot Citroen, the second ...
Opel Might Manufacture Next-Gen Zafira at PSA Sochaux Plant in France
Les Echos newspaper reported today that Opel plans to manufacture the new Zafira minivan at Peugeot's Sochaux plant located in France. The Zafira minivan is currently manufactured at Peugeot's Bochum plant ...
Report – Opel will be more involved in the crossover game starting 2017
The Rüsselsheim automaker wants to be more implicated in the crossover segment and will bring to the market at the end of 2017 the Zafira successor renamed Activa. The German brand ...
Peugeot Plans to Sell Stake to Chinese Automaker Dongfeng Motor
According to anonymous sources PSA Peugeot Citroen plans to sell a stake to Dongfeng Motor to raise money for expansion outside Europe. The sources said that talks are in preliminary stages ...

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