In a statement, Stellantis, the world’s fourth-largest carmaker said, it has shelved a plan to launch the Peugeot brand in the United States. Instead it will focus on high-margin Jeeps, RAM pickup trucks, Fiat Chrysler’s (FCA) other brands including Chrysler,… Read More ›
On Wednesday, French carmaker PSA stated, it has appointed two executives that it had recently recruited from the Renault-Nissan-Mitsubishi alliance to head its DS and Citroen brands. Both executives have been named to its global executive committee. PSA said Beatrice… Read More ›
According to two sources, China’s Dongfeng Motor will have a reduced stake of 4.5% in the new group following the merger of PSA with Fiat Chrysler. The board of both groups have approved a binding memorandum of understanding for a… Read More ›
Fiat Chrysler Automobiles (FCA) has decided it will appeal Italy’s tax authority statement which says that the carmaker had underestimated the value of its U.S. business after it bought Chrysler. As per a source close to the matter at hand,… Read More ›
The boards of both companies hve agreed to the merger and a binding MOU is set to be signed in the coming weeks. On Thursday, in a joint statement, Peugeot’s owner PSA and Fiat Chrysler stated, they would merge by… Read More ›
Morocco is also home to French carmaker Renault. The automotive sector has accounted for 27.1% of Morocco’s exports of 27.7 billion dirhams in the first four months of 2019. On Friday, French carmaker PSA stated, it has opened a $630… Read More ›
Countries are waking up to the serious threats posed on over-reliance on Chineese goods and its ramifications on their supply chains. In a significant development French President Emmanuel Macron disclosed, France will invest $790 million (700 million euros) over the… Read More ›
The U.S. withdrawal has made dealing with Iran more complicated for EU companies which have business ties to Iran. With U.S. President Donald Trump withdrawing the United States from a nuclear deal with Iran, shares of major French companies, which… Read More ›
European carmakers, including PSA, Renault, VW and others have posted record sales in November. According industry data publishes on Thursday, car sales in Europe have risen by 5.8% with the PSA Group and Toyota posting the strongest sales among the… Read More ›
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