Tag Archives: citroën

Stellantis Tanks in First Half of 2024 – Net Profit -48%

Posted on 25 July 2024 by Ken Zino

“The Company’s performance in the first half of 2024 fell short of our expectations, reflecting both a challenging industry context as well as our own operational issues,” said Carlos Tavares, CEO. “We have significant work to do, especially in North America, to maximize our long-term potential.” Seven or more senior executives have left Stellantis so far this year. Continue reading →

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Stellantis Q1 Revenues, Shipments Drop – Transition or Trend?

Posted on 30 April 2024 by Ken Zino

Stellantis reiterated a minimum commitment of double-digit Adjusted operating income (AOI) margin in 2024, as well as positive Industrial free cash flow, despite macroeconomic uncertainties. Stellantis claimed that it is on track to deliver total capital returns in 2024 more than €7.7 billion, for an 11% yield as a percentage of Stellantis market capitalization on 1 January 2024. It is likely that its value will go down in the short term. The company, in AutoInformed’s view is in a transition that requires the balancing of market share, product cost, revenue and development of new offerings. It is not alone among automakers. Continue reading →

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Stellantis Implements First Employee Share Purchase Plan

Posted on 21 December 2023 by Ken Zino

“The success of this step of Shares to Win in Italy and France demonstrates our employees’ confidence in the sustainable future of our Company supported by the execution of our Dare Forward 2030 strategic plan, which maps out the path to achieving carbon net zero by 2038 and creating value for all our stakeholders,” claimed Xavier Chéreau, Chief HR & Transformation Officer. Continue reading →

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Stellantis and Its European Dealers Sign New Contracts

Posted on 31 August 2023 by Ken Zino

Stellantis (NYSE: STLA) said today in Amsterdam that it had completed the signing of new contracts with its European Dealer Network. With these new sweeping agreements it aspires to be first in customer satisfaction in all markets, products and services. … Continue reading →

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Stellantis Posts Record Revenue and Profits for 2023 Half 1

Posted on 26 July 2023 by Ken Zino

Stellantis (NYSE: STLA) today posted strong growth while setting new records in net revenues, operating income and net profit for the first half of 2023 while continuing its transformation to electrified and software-defined vehicles for its 14 brands. Stellantis currently has 25 BEVs available today and another 23 launching through 2024. Continue reading →

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Stellantis, Vulcan Sign Deal for Renewable Energy at Mulhouse

Posted on 31 May 2023 by Ken Zino

Mulhouse is where the DS7, Peugeot 308 and e-308, 508, and the new 408 are made. Based on current assumptions, the project could provide a significant portion of the industrial site’s annual energy needs starting in 2026, Stellantis said. It’s the latest move in the Stellantis fight against climate change with its ambitious goal of reaching carbon net zero emissions by 2038, with a 50% reduction by end of this decade. Continue reading →

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Buy a Citroën My Ami Buggy Online June 20?

Posted on 23 May 2023 by Ken Zino

Citroën will sell a new special edition of 1000 units, which will be available in ten countries: France including the French overseas departments, Italy, Spain, Belgium, Greece, Portugal, the United Kingdom, Luxembourg, Morocco and Turkey. Buggy is priced at €10,490, ~$11,300.50 if you can get one. The last time around it took the fastest buyer to complete the entire purchase process of the first sale 2 minutes and 53 seconds. The first will be delivered mid-September. Continue reading →

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Citroën Helps Make Chalki a Zero Emission Greek Island

Posted on 9 November 2021 by Ken Zino

Following the signing of the Memorandum of Understanding between the Greek Government, Citroën/Syngelidis Group, Vinci and Akuo Greece, work is underway to transform the island of Chalki into a zero-emission economy. Citroën and Syngelidis Group are offering a range of electric vehicles that will only use renewable energy. The aim is to make this progress available to all residents and businesses on the island. Continue reading →

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GM Buys 7% of PSA Peugeot Citroën to Share Parts, Vehicles

Posted on 29 February 2012 by Ken Zino

PSA already has partnerships with Ford on diesel engines, and Toyota, BMW, and Mitsubishi on components and engines. A previous GM venture started in Europe with Fiat in 2000 failed in 2005 when GM spent $2 billion to buy its way out of a put option in the deal that allowed Fiat to sell its automotive company to GM for market value. Globally, alliances have had mixed results at automakers. Continue reading →

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PSA Peugeot Citroën in Alliance Talks with GM

Posted on 23 February 2012 by Ken Zino

Neither General Motors nor PSA have officially confirmed the talks, other than to say that discussions with other automakers routinely occur. Last week Peugeot posted weak results as Group operating income declined to €1,315 million from €1,796 million in 2010. GM has been losing money at Opel for more than a decade – $700 million in 2011 alone. Continue reading →

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