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Groupe PSA no longer spending on internal combustion engine development

Groupe PSA no longer spending on internal combustion engine development

Carlos Tavares, CEO of Groupe PSA stated on November 16, 2020, during the Reuters Automotive Summit teleconference, that it has ceased its spending on internal combustion engine programs.The company is adapting to the likely reality of the European Union banning the sale of new vehicles with intern ...
Will Citroën Survive in China?

Will Citroën Survive in China?

Less than a decade ago China was PSA Group’s largest single market, where it sold more than 700,000 vehicles a year as recently as 2014.In 2019 the group sold about 119,000 cars in China, and this year, it is likely to sell fewer than 50,000.Sales in 2020 through September were 31,239, a 64 perce ...
Citroën to Nix the C1

Citroën to Nix the C1

Reacting to the merger of Groupe PSA and FCA (Fiat Chrysler Automobiles) PSA said it was reviewing which products would best meet customer expectations in its A segment, and cope with European carbon emissions targets."PSA is getting out of both the factory and the A-segment business, as it is offe ...
PSA and FCA Amend Merger Terms to Conserve Cash

PSA and FCA Amend Merger Terms to Conserve Cash

Groupe PSA and Fiat Chrysler Automobiles (FCA) have restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost cutting during the pandemic.The two companies, which are set to merge into Stellantis, the world's fourth-largest carmaker, said in a ...
Julian Marsh Writes to Linda Jackson

Julian Marsh Writes to Linda Jackson

by George Dyke.....On October 1, 2019 Vincent Cobée replaced Linda Jackson as CEO of Citroën.It was a low-key announcement, with Jackson assigned a new role in the company leading a study 'to clarify and support brand differentiation within the brand portfolio’ of Groupe PSA.(Now to be known as ...
Groupe PSA and FCA to be known as STELLANTIS

Groupe PSA and FCA to be known as STELLANTIS

It was announced today the name of the new group resulting from the merger of Groupe PSA and FCA (Fiat Chrysler Automobiles) will be known as STELLANTIS.This further buries the Citroën brand in the quagmire of companies that have been assimilated under PSA or, like the DS brand, created to target ...
In Memoriam — Jacques Calvet — September 19, 1931 – April 9, 2020

In Memoriam — Jacques Calvet — September 19, 1931 – April 9, 2020

Jacques Calvet, former CEO of Peugeot Citroën from 1984 to 1997, and a major figure in both the business and political communities died yesterday at 88 years of age.     A graduate of the Paris Institute of Political Studies and the National School of Administration, Jacques started ...
PSA Seeks to “Pick-up the Tempo” on FCA Merger

PSA Seeks to “Pick-up the Tempo” on FCA Merger

The teams working on the merger of Groupe PSA and Fiat Chrysler Automobiles (FCA) are “picking up the tempo” to finalize the merger, PSA CEO Carlos Tavares stated yesterday.The merger was announced at the end of October and originally scheduled to be finalized in early 2021 at the latest, in or ...
Carlos Tavares Drives in Rallye Monte-Carlo Historique 2020

Carlos Tavares Drives in Rallye Monte-Carlo Historique 2020

Carlos Tavares managed to take a week off from his role as CEO of Groupe PSA and participate in the 23rd Rallye Monte-Carlo Historique, held from January 29th to the 5th of February 2020.Carlos has been an amateur race car driver since the age of twenty-two and had a career as a rally driver until ...
Profits Surge at PSA Ahead of Fiat Chrysler Merger

Profits Surge at PSA Ahead of Fiat Chrysler Merger

Groupe PSA's net profit increased 13.2% to a record 3.2 billion euros, and the company increased its dividend against 2019 results to 1.23 euros per share, up 58% from 2018 levels.PSA offset a slump in vehicle sales by selling pricier SUV models, with launches including the Citroën C5 Aircross hel ...
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