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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 ...
Jackson out, Cobée in as Citroën CEO

Jackson out, Cobée in as Citroën CEO

Carlos Tavares, Groupe PSA/FCA CEO announced today that effective immediately Vincent Cobée, current Deputy Citroën CEO, will succeed Linda Jackson as Citroën CEO and Member of the Global Executive Committee.The move comes citing that Vincent Cobée has a wide experience in international markets ...
A Look at How the FCA and PSA Merger Came to Be

A Look at How the FCA and PSA Merger Came to Be

The Fiat Chrysler Automobiles (FCA) and Groupe PSA merger in the latter part of 2019 came about as a means to give both FCA and PSA better chances of survival.As we enter into 2020 and what will be a formulative couple of years, as the new FCA/PSA entity tries to prove the deal beneficial to both co ...
With FCA and PSA merged, what will Citroën’s future be?

With FCA and PSA merged, what will Citroën’s future be?

The joining of Fiat Chrysler Automobiles and Groupe PSA at the end of 2019 created the world's fourth-largest automobile manufacturer by volume and third-largest by revenue with annual sales of 8.7 million units and combined revenues of nearly $190 billion euros to produce a projected recurring ope ...
Fiat Undervalued Chrysler by $5.6 billion, Italian Government Claims

Fiat Undervalued Chrysler by $5.6 billion, Italian Government Claims

Fiat Chrysler Automobiles said yesterday it strongly disagreed with Italian tax authorities' claim that it had underestimated the value of its U.S. business by 5.1 billion euros($5.6 billion USD) during its phased acquisition of Chrysler."We are confident we will successfully make the case for a ma ...
Citroën will remain a brand within PSA/FCA – for now.

Citroën will remain a brand within PSA/FCA – for now.

PSA CEO Carlos Tavares, set to take the operational helm in the PSA/FCA merger, said on Friday in a TV interview that the companies complemented each other well geographically and in terms of technology and brands.In his first interview since the French and Italian companies announced plans to crea ...
Tribute to Citroën Hydropneumatic Suspension

Tribute to Citroën Hydropneumatic Suspension

For true Citroën engineering fans, the progress made by the company over the 64 years hydropneumatic suspension was offered is a testament to what the company did so well, and so different from the rest of the automotive industry.The video at the end of this article provides a thorough visual hist ...
Citroën Confirms Focus On India

Citroën Confirms Focus On India

It would appear that the direction we predicted for Citroën on March 17 has become a reality with yesterday’s acknowledgement by CEO Linda Jackson, that Citroën will launch sales in India no later than the end of 2021.Jackson told Automotive News Europe that the India push will be led by design ...
PSA’s Riches in Europe Will Define its Global Strategy and Ultimately, the Destiny of Citroën

PSA’s Riches in Europe Will Define its Global Strategy and Ultimately, the Destiny of Citroën

Recent financial announcements by PSA indicate that the company is considerably healthier today than it was when Carlos Tavares took over as CEO at the end of 2013. At that point, it was losing 3.3 billion euros annually, but by the end of 2018 PSA was cash positive with 9.1 billion euros, about 3. ...
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