For many race fans, the unveiling of the Peugeot line-up for the endurance series last week was not welcomed news. Jacques Villeneuve and Ricardo Zonta, the former teammates at BAR F1 in 1999, would not be back this season.
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For many race fans, the unveiling of the Peugeot line-up for the endurance series last week was not welcomed news. Jacques Villeneuve and Ricardo Zonta, the former teammates at BAR F1 in 1999, would not be back this season.
Full story...
For many race fans, the unveiling of the Peugeot line-up for the endurance series last week was not welcomed news. Jacques Villeneuve and Ricardo Zonta, the former teammates at BAR F1 in 1999, would not be back this season.
Full story...
PSA/Peugeot-Citroen has hired Mercedes-Benz sales executive Jean-Marc Gales to head the Citroen brand. Gales, a 46-year-old citizen of Luxembourg, will take the helm at Citroen in March, the company said.
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PSA/Peugeot-Citroen has hired a Mercedes-Benz sales executive to head the Citroen brand, German magazine Wirtschaftswoche reported, without citing its sources.
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PSA Peugeot Citroen parts arm Faurecia has sued Chrysler for US$110m, claiming the US automaker failed to pay engineering costs it owed when vehicle sales plunged.
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PSA Peugeot Citroen expects to axe 11,000 workers worldwide this year after reporting net losses of EUR343m ($US444m) for 2008.
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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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A Danish importer is taking over Peugeot distribution in Latvia.
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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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Automakers Renault and PSA Peugeot Citroën have welcomed the EUR3bn loan from the French government, the pair said in statements late on Monday.
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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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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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