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Dongfeng in China and PSA Extend Joint Venture to Smooth PSA & FCA Merger

Dongfeng in China and PSA Extend Joint Venture to Smooth PSA & FCA Merger

China's Dongfeng Motor Group said on Thursday it had agreed with Groupe PSA to extend the duration of their joint venture Dongfeng Peugeot Citroën Automobiles (DPCA), despite Dongfeng reducing its stake in PSA, to help smooth PSA's merger with Fiat Chrysler Automobiles.Dongfeng said that under the ...
PSA Peugeot Citroën Ex-Renault COO Tavares to Become New CEO

PSA Peugeot Citroën Ex-Renault COO Tavares to Become New CEO

PSA Peugeot Citroën has hired former Renault SA executive Carlos Tavares to take over as chief executive next year.  With this move it hopes to end its six-year slump in the European market.  Tavares, 55, will replace Philippe Varin, the 61-year-old current chief executive officer.  Tavares will ...

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