Stellantis to Buy Back Shares Worth $920 Million from General Motors
GM was issued these warrants by Peugeot SA in 2017 as part of the sale of its Opel-Vauxhall business.
The New Citroën Ami – Not So Friendly When ‘Driven’
The folks at Fifth Gear, the British motoring magazine series, just took aim at the new Citroën Ami, in a road test test where they took the urban runabout to the track to test handling parameters.
Opel Transforms Under PSA
PSA’s strategy, since acquiring Opel from General Motors, of sharing as many elements as possible with its new subsidiary is starting to pay off.
Michelin Debuts Their Next Generation Airless Tire
It’s like Michelin took inspiration from Citroën with the chevron structure of their new airless Uptis tire.
Three Amazing (and True) Stories About André Garnier.
We’ll all miss André – he was a real visionary for Citroën. These remembrances are from André – told to Ken Nelson when he visited him around year 2000:
How Citroën nearly became a GM subsidiary
We’ve covered GM’s involvement with Citroen in the past, but today in Hemmings Daily there is an excellent article by Daniel Strohl that nicely discusses GM’s interest, as early as 1919, into buying into the company. Highly recommended reading that you can find here: https://www.hemmings.com/blog/2019/03/07/not-long-after-it-was-founded-100-years-ago-citroen-nearly-became-a-gm-subsidiary/?refer=news#comments-block
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 …
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 assurance that an agreement will be reached”. While little is …
General Motors Sells its Stake in PSA Peugeot Citroën
General Motors announced Friday that it sold its stake in PSA Peugeot Citroën SA for $343 million, well below the approximately $400 million it paid in March 2012 to get a 7 percent stake in Europe’s second-largest carmaker. Although no reason was stated for the sale it is speculated that …
PSA Peugeot Citroën – Fortune Cookie Future?
PSA Peugeot Citroën reported a first-half operating loss of 510 million euros ($681 million), and a loss of market share in Europe to Volkswagen AG, the continent’s largest automaker. Over-reliance on the sagging European market has eroded PSA’s meagre profitability. Last year, it lost €5-billion and burned through €3-billion …