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 ...

Giving an indication of just how dire Fiat Chrysler Automobile’s situation is, and that PSA is in control of merger discussions, John Elkann, Chairman of the Italian-American automaker announced in a letter to employees on March 31, that he and members of the company's board of directors were giv ...

The Fiat Chrysler Automobiles (FCA) and Groupe PSA merger in the latter part of 2019 came about as a means to give both FCA and PSA better chances of survival.As we enter into 2020 and what will be a formulative couple of years, as the new FCA/PSA entity tries to prove the deal beneficial to both co ...

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 ...