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PSA Invests In Two New EV Battery Cell Plants

PSA Invests In Two New EV Battery Cell Plants

It would appear that next-generation cars manufactured for the Citroën brand will benefit from a major investment Groupe PSA announced on February 3, 2020 (through its German Opel brand) with French battery manufacturer Saft (part of Total since 2016) for two lithium-ion EV battery cell plants to ...
Opel Transforms Under PSA

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.Opel made a $978 million profit at current exchange rates in 2018.That’s compared to a $204 million loss under the last time Opel reported financials ...
In Opel We Trust – Analysis of PSA’s Return to the U.S. Plans

In Opel We Trust – Analysis of PSA’s Return to the U.S. Plans

Editorial:  We are dumbfounded by PSA’s recent announcements of their return to the USA.  The most recent stating that they are locating their head office in Atlanta, emulating the decision of Mercedes Benz (PSA's aspiring target?) to locate there.  Mercedes however ...
Another Update to the Peugeot/Citroën North American Return Strategy

Another Update to the Peugeot/Citroën North American Return Strategy

At the North American International Auto Show in Detroit, PSA CEO Carlos Tavares announced that the company has “people working on cars now” for the U.S. market. Tavares went on to say that as part of PSA Group's return to North America it is asking some Opel engineers based in Ruesselsheim, Ger ...
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 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 ...

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