Groupe PSA and Fiat Chrysler Automobiles (FCA) have restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost cutting during the pandemic.The two companies, which are set to merge into Stellantis, the world's fourth-largest carmaker, said in a ...

Yet another casualty of the Covid-19 pandemic, the 21st Annual Bastille Day Rally in New York City scheduled for this coming Sunday, July 12 has been cancelled.Due to safety and security concerns, the organizers thought it prudent to cancel the NYC event.They are actually saying th ...

This just in from Brad Nauss:I have been waiting as long as possible to make a decision on what I personally feel is in the best interest of all my Citroën friends regarding Citroëns at Carlisle 2020.  I want to announce that Brad Nauss Automotive and myself will NOT be coordinating any events ...

by Dale Lomas.....As Germany copes with the Covid-19 pandemic, most schools in Germany are still closed, many employees are furloughed and all non-essential travel is still advised against.It's not quite "shelter-in-place," but it's not far off. And yet today, under some strict rules, the Nürburgr ...

Credit rating agency Standard& Poor's (S&P) delivered a downgrade to Groupe PSA keeping its bonds at a BBB- rating, but cutting its outlook on PSA to "negative" from "stable."S&P took even harder aim at Renault, downgrading its bonds to 'BB+/B' from 'BBB-/A-3', meaning it had ascribed a ...

The Rendezvous chauffeurs, David, Daniela, & Sophia Cossitt-Levy, Tim Kinnel and Christopher Westfall, have been tracking the spread of COVID-19 and solicited feedback from many to assess its impact on R20.Given the unprecedented toll on all aspects of our lives, it is with a heavy heart that ...

Beyond the Citroën events listed on our Events Pages that have been cancelled or postponed, here is a list of other automotive events in 2020 impacted by the Covid-19 pandemic:Cancelled — Geneva Motor Show Historic Vehicle Association Drive History conference Australian Gra ...

With its stock down 32%, Groupe PSA has secured a further 3 billion euros ($3.3 billion US) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.It did not say which banks were involved.Last month, Moody's placed the cre ...