Stellantis to Build Air Taxis — Harken Back to Citroën’s Aviation History…
Stellantis announced it will manufacture an electric air taxi with Archer Aviation.
Free2Move Can Now Seek New Investment
PSA’s Free2Move is now free to court new investment.
Michelin and Faurecia to Invest 140 Million Euros in Symbio Hydrogen Mobility Joint Venture
When Michelin took over the bankrupt Citroën company in 1935, they believed the effort the company had put into engineering the Traction Avant poised it for a profitable future. They were correct, by 1937 Citroën had ramped up production and was making money. These days, Michelin is intrigued by the …
Peugeot Inks €3bn Deal with Dongfeng and France
PSA Peugeot Citroën has sealed a long-awaited rescue deal that will see the Peugeot family cede control of the company. As announced previously, (in our “PSA Peugeot Citroën – Fortune Cookie Future?” blog – Oct. 18, 3013) China’s Dongfeng Motors and the French government will each invest about 800m euros …
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 …
2CV – An Investment as Good as Gold!
This completely original mint condition 1965 Citroën 2CV was sold in February 2012 for a world record price of 50,000 euros ($66,000 US) at the Artcurial auction (during Retromobile) in Paris. One reason for the premium price was that it had only 116 original miles. It was bought new in …