PSA announced last Thursday that it is readying to sell its 50% stake in its Chinese partnership with Changan (Chongqing Changan Automotive) which builds cars under PSA's DS brand.Changan had already signalled in regulatory filings from early November that it was seeking a buyer for its half of the ...

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 ...

PARIS — Reuters (Published Monday, Oct. 17, 2016 6:37AM EDT - Last updated Monday, Oct. 17, 2016 6:39AM EDT) PSA Peugeot Citroën plans to cut more than 2,000 jobs, around 3 per cent of its work force, in France next year through a combination of early retirements and voluntary buyouts, Franc ...