PSA/Peugeot-Citroen may consider acquisitions or partnerships to boost its presence in markets it hopes will hold up in the face of a global car sales slump, new CEO Philippe Varin said on Wednesday.
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PSA/Peugeot-Citroen may look at external growth opportunities to support its development as it seeks to become more international, new CEO Philippe Varin said.
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Kelley Blue Book says that a survey it has conducted shows that new car shoppers are becoming more likely to buy a car from a bankrupt brand.
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PSA Peugeot Citroen Chief Executive Officer Philippe Varin said the company will seek partnerships with other car companies as it looks to grow and become more international.
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Saab says it has narrowed down potential buyers to just two according to CEO Jan-Ake Jonsson, who told the Swedish daily newspaper Dagens Industri that negotiations with one of these could start this week.
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Toyota Motor Corp is to lease out close to 200 plug-in hybrid vehicles in Japan in collaboration with a number of local governments in order to help promote the use of electric vehicles and plug-in hybrid vehicles.
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The sale of General Motors' European Opel and Vauxhall units to Magna International may not be completed until close to the end of this year according a lawyer involved in the process.
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The US light vehicle market declined by almost 34% year-on-year in May to 923,346 units. On an adjusted daily selling rate (DSR) basis the drop was estimated by Ward's at 31.2%.
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Porsche said it had asked the German government for a loan, raising fresh questions on Wednesday over its ability to manage a debt mountain that has already forced it to abandon a takeover of Volkswagen.
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Porsche will apply for a 1.75 billion euro ($2.5 billion) loan from German state bank KfW, a spokesman for the company said on Wednesday. The company does not aim to obtain state loan guarantees and plans to pay back the loan with interest, he said.
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Antonov has signed a cooperation agreement with China's Chong Qing Landai Industries and Lifan Industry Group.
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BorgWarner has acquired an advanced gasoline ignition technology from Florida-based Etatech, Inc. Terms of the deal were not disclosed.
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German auto sales rose 40 percent in May, spurred by government scrappage incentives, but auto shares fell, with investors unconvinced that the measures were generating a sustainable turnaround in demand.
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New car registrations in Germany rose 40 percent in May, sources said on Wednesday, as a scrappage incentive continues to draw buyers into dealers.
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New car registrations in Germany rose 40 percent in May, sources said on Wednesday, as a scrappage incentive continues to draw buyers into dealers.
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New car registrations in Germany rose 40 percent in May as scrappage incentives continue to draw buyers into dealers.
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Exclusive details on Jaguar's new C-type, SLR Stirling Moss takes on its forebearer the 300 SLR, Tyre Wars - our safety campaign continues, Audi TTRS driven, BMW Z4 faces its key rivals
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A U.S. Court of Appeals agreed on Tuesday to hear a challenge to Chrysler LLC's sale of most of its assets to a group led Fiat, in a move that could potentially delay the deal.
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Magna International said on Wednesday it expected to complete its takeover of Opel in September but the German government made clear the door remained open to rival bidders.
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Magna International said on Wednesday it expected to complete its takeover of Opel in September but the German government made clear the door remained open to rival bidders.
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