Tag Archives: Peugeot

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

“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 Implements First Employee Share Purchase Plan

“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

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

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

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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Peugeot Q3 Sales, Revenues Down. GM JV Scaled Back

The Peugeot Group this morning in Paris posted Q3 revenues of €12.1 billion, down -3.7%. Automotive revenues were €8 billion, down -5.8%. Continue reading

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Rotary Engine Le Mans Winner Mazda 787B Selected as ‘Legend’

For the 1990s, the voting- using French sponsorship and nationalist math – was a “dead-heat” between the Mazda 787B and the Peugeot 905 – so 11 cars were given ‘legend’ status. Continue reading

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Iran Auto Production Down 27% as UANI Blasts Peugeot and Nissan for Ongoing Business with Islamic Revolutionary Guard

The auto industry represents 20% of Iran’s GDP that is dominated by the Islamic Revolutionary Guard Corps. UANI has developed model legislation, The DRIVE Act, to force auto manufacturers to choose between American taxpayers and the regime. The DRIVE Act requires automakers to certify they are not engaged in any business in Iran, or engaged in the implementation of any agreement with Iranian entities in order to be eligible for U.S. government contracts or financial assistance. Continue reading

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Anti Nuke Group Wants GM Peugeot to End Iran Business

If GM CEO Dan Akerson thought the Chevrolet Volt was a political football, one can only imagine what he thinks about Peugeot and the Iranian nuclear weapons controversy. GM only wants to share logistics, platforms and purchasing with the French company, but is now being told it is “unacceptable for GM to enter into a partnership with a company that so openly deals with a regime that is responsible for the deaths of U.S. and NATO servicemen and threatens U.S. and global security.” Continue reading

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Audi, Nissan, and Chevrolet Corvette Win Le Mans

Audi completed 355 laps around the 13.629 km (8.469 mile) circuit for a total of 4838 km (3006 miles). It was the tenth Audi victory at Le Mans, one more than Ferrari. Porsche still holds the factory record with 16. Continue reading

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Audi R18 TDI on Pole at Le Mans, Peugeot Third in Qualifying

The fastest six cars were running within just five tenths of a second – meaningless in the world’s oldest endurance race, but exciting nonetheless. It looks like there will be 24 hours of intense racing for an estimated 250,000 fans, which because if the web millions of people can track real time at home. Continue reading

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