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More Details of PSA’s Return to North America Announced

More Details of PSA’s Return to North America Announced

PSA’s CEO Carlos Tavares' statement last year that the company plans to return to North America starting with car sharing garnered much skepticism. Will it be the way to entice North Americans to purchase product by exposing them to Citroën in hired rides? With no dealership network or the abilit ...
PSA Agrees to Buy Opel and Vauxhall in $2.3 Billion Deal

PSA Agrees to Buy Opel and Vauxhall in $2.3 Billion Deal

PSA Group is betting that size matters in Europe’s saturated car market as closes its deal with GM to buy Opel and its UK sister brand Vauxhall. Despite years of losses for the two under GM, PSA will pay 1.8 billion euros ($1.9 billion US) as the French manufacturer bolsters its defenses in a peak ...
PSA Sees Profits Almost Double

PSA Sees Profits Almost Double

PSA Group (Peugeot and Citroën) has reported a 92% increase in profit last year to 1.73bn euros, this as it considers buying General Motors' Opel and Vauxhall brands.PSA's possible purchase of GM's European brands has raised fears of job losses at Vauxhall in the UK.  On Wednesday, PSA said it ...
PSA Group Looks to Acquire Opel

PSA Group Looks to Acquire Opel

GM and PSA Group (Peugeot and Citroën), confirmed today that discussions are underway to “exploring numerous strategic initiatives aiming at improving profitability and operational efficiency, including a potential acquisition of Opel Vauxhall by PSA.”  Both companies said there is “no a ...
Citroën Returns to North America – Sort Of

Citroën Returns to North America – Sort Of

At the Paris Auto Show this week Groupe PSA – which includes Peugeot, Citroën and DS, provided a bit more information as to how and when they will make a return to North America.  We first found out about the strategy earlier this year when the news was discovered buried on Page 31 of a slide de ...
PSA strikes deal with SAIPA to build Citroëns in Iran

PSA strikes deal with SAIPA to build Citroëns in Iran

During the course of the summer PSA Group signed a framework deal with Iranian counterpart SAIPA to produce and sell vehicles for its Citroën brand in the country. Under the agreement, to be finalized by the end of 2016, Citroën and its Iranian partner will invest 300 million euros over five years ...
PSA Peugeot Citroën Clarifies Strategy for Return to North America

PSA Peugeot Citroën Clarifies Strategy for Return to North America

If you were expecting innovation regarding PSA Peugeot Citroën’s recently announced plans to return to the Canadian and US markets, the strategy that the company’s CEO, Carlos Tavares elaborated upon in a Paris press conference on April 5, 2016 was a new direction for PSA, but one that is being ...
PSA Peugeot Citroën Update Van Offerings

PSA Peugeot Citroën Update Van Offerings

PSA Peugeot Citroën has released details about the latest update to their commercial vans, the Citroën Jumpy and the Peugeot Expert.  Both new models are scheduled to go on sale in Europe in June 2016.Offered in three different body lengths (4.6m-4.95m-5.3m), the new Peugeot Expert and Citroën J ...
Now in the black, PSA weighs returning to N.A.

Now in the black, PSA weighs returning to N.A.

PSA Peugeot Citroën announced the company will spell out international growth plans on April 5.  As part of that announcement it is expected that they will formally announce a return to the North American market.  DS 3Though we have heard these rumors before, we take this latest one seriously as ...
PSA Peugeot Citroën – Back in the Black!

PSA Peugeot Citroën – Back in the Black!

by John McCulloch.....PSA Peugeot Citroën is back!  The opening sentence from an article in Le Monde, the newspaper of record in France says it all."After a loss in 2014 of 555 million euros, the company under Carlos Tavares made a profit of 1.5 billion euros."   How did he do it?   Essentially ...
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