Tag Archives: PSA

Stellantis – a Mega Merger of Auto Companies Names Execs

Today Stellantis officially announced its Executive Team along with the 9 dedicated committees* covering enterprise-wide performance and strategy for running the merged FCA and PSA companies. It is the latest merger in the capital-destroying automotive industry that seeks to pursue … Continue reading

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General Motors to Sell Opel/Vauxhall and Leave Europe?

If the PSA deal goes through, it would mean GM’s presence in Europe would be limited to niche sales of Cadillac, and Chevrolet Camaro and Corvette models – all of them exports. Continue reading

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GM and PSA Peugeot Citroën to Develop New Gas Engines

PSA Peugeot Citroën and General Motors are expanding the scope of their alliance announced earlier this year to include a new line of small gasoline engines developed from PSA’s small gasoline engine program known as the EB engine. Continue reading

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EU Passenger Car and Commercial Vehicles Sales Down Again

Thus far the European auto industry has done little to reduce its capacity, which is now widely discordant with constantly falling demand. GM is planning to close its Opel Zafira plant in Bochum, Germany after the run-out of the current Zafira in 2015, but that is not enough to return Opel to profitability after decades of losses totaling hundreds of billions dollars. Opel employs 20,800 people across Germany and more than 40,000 across Europe. The head of GM Europe was ousted earlier this month over the continuing losses and the lack of progress. Continue reading

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PSA Peugeot Citroën to Reorganize, Close Aulnay Plant

Philippe Varin, Chairman of the PSA Peugeot Citroën Managing Board has told the works council that the loss-making French automaker will close the Citroën C3Aulnay plant in 2014, and trim production at Rennes, which makes the Peugeot 508 and Citroën C5 and C6. More than 4,400 jobs are affected. Work in other plants could absorb 1,500 of the displaced workers in the local Paris area. The company will also pursue voluntary separations of its corporate workforce. Continue reading

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Milestones – 40 Million Ford Engines Produced at Dagenham

Production at Dagenham for Ford vehicles accounts for about 70% of Dagenham’s output, with the balance of more than 270,000 engines for Jaguar Land Rover, Mazda, PSA Peugeot Citroën and Volvo. Ford is in the process of phasing out its successful 12-year joint venture with Peugeot since PSA is now the process of establishing a global alliance with General Motors. All of these companies are hemorrhaging billions of dollars – or euros in Europe as the Eurozone crisis deepens. The British pound is helping Ford somewhat, but losses are projected to quadruple in Europe for the balance of 2012. Ford Europe lost $149 million in Q1, a -$449 million swing compared to 2011. Continue reading

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Peugeot Annual Meeting Kills Dividend. Q1 Revenues Drop

The Q1 downturn comes as Peugeot is in the process of establishing a global alliance with General Motors, which is also losing money in Europe for more than a decade – $700 million in 2011 alone. Continue reading

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DOT Launches ‘Choose the Right Seat’ for Children in Cars

Motor vehicle crashes are the leading cause of death for children ages one through 12 years old. From 2006 to 2010, 4,028 children aged 12 and younger were killed in crashes involving passenger vehicles. Another estimated 660,000 children were injured in crashes – a figure greater than the entire population of Boston, Massachusetts. Continue reading

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