PSA Peugeot Citroen expects to axe 11,000 workers worldwide this year after reporting net losses of EUR343m ($US444m) for 2008.
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French maker shocks with all-new DS-badged luxury line-up, spearheaded by stunning MINI rival.
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We were first to show you the concept, now Auto Express can reveal the very first pictures of the production-ready MINI rival from Citroen!
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PSA Peugeot Citroen has posted a net group loss of EUR343m for 2008.
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PSA/Peugeot-Citroen made a net loss of 343 million euros ($443 million) for 2008, the company said Wednesday.
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The European Commission and some EU member states have raised concerns about France's 7.8 billion euro bailout for its auto industry. Germany is not happy about French support for PSA/Peugeot-Citroen and Renault, a senior government source said.
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The European Commission and some EU member states have raised concerns about France's 7.8 billion euro bailout for its auto industry. Germany is not happy about French support for PSA/Peugeot-Citroen and Renault, a senior government source said.
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PSA Peugeot-Citroen's boss, Christian Streiff, has said that he expects the firm's volume to fall 20% in 2009.
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PSA/Peugeot-Citroen CEO Christian Streiff said the auto industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt.
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PSA/Peugeot-Citroen CEO Christian Streiff said the auto industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt.
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PSA/Peugeot-Citroen CEO Christian Streiff expects group sales to fall 20 percent in 2009 and sees further pain in 2010 as the global slowdown persists. "The outlook for 2009 is terrible.
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The French government will provide up to 7 billion euros in emergency financing to PSA/Peugeot-Citroen and Renault.
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Citroen DS returns, super Golf GTI revealed, first ever diesel Porsche driven, 0-60 group test
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PSA/Peugeot-Citroen will keep the launch schedule for its new Russian plant despite its partner Mitsubishi announcing that it will delay building cars there. The factory will start production during the first half of 2010, a PSA spokesman said.
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France will unveil details of a plan to support its ailing car industry on Monday, a presidency official said, ahead of expected weak 2008 results from Renault and PSA/Peugeot-Citroen.
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Citroen is celebrating its 90th birthday with a new visual identity, a new range of products that brings back one of the most famous names from its history, the DS 'Goddess', and is makes changes to its retail network which, it claims, will set a new standard for customer relations.
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Citroen on Thursday unveiled the DS Inside concept car ahead of the its scheduled debut at the Geneva auto show in March.
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PARIS -- Citroen on Thursday unveiled the DS Inside concept car ahead of the its scheduled debut at the Geneva auto show in March.
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PSA/Peugeot-Citroen plans to cut 190 jobs at its factory in Trnava, Slovakia. The reduction follows the ramping up of production of the new Citroen C3 Picasso, PSA said.
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PSA/Peugeot-Citroen could delay the introduction of plug-in diesel-electric hybrid cars as it seeks to cut costs during the economic downturn.
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