PSA is shutting its plant in Aulnay, France as part of a plan to eliminate about 11,200 jobs in the country by 2015.
Tag Archives: psa
a Chinese chairman for PSA – maybe
A split in the Peugeot family over whether to invest more money in PSA/Peugeot-Citroen has led to fears that the French automaker could have a Chinese chairman, a scenario described by business daily La Tribune as “sacrilege.”
PSA is said to be discussing a capital increase of 3 billion euros. The automaker’s Chinese partner Dongfeng Motor and the French government would each pay 1.5 billion euros for stakes of between 20 percent and 30 percent.
Report suggests Dongfeng, French gov’t to take stakes in PSA
PSA/Peugeot-Citroen is preparing a 3 billion euro ($4.1 billion) capital increase in which Chinese partner Dongfeng and the French government would take matching stakes in the carmaker, people with knowledge of the matter said.
union official say, PSA offers French factory pledges for labor deal
PSA/Peugeot-Citroen has offered commitments to produce at least 1 million vehicles annually in France over the next three years and keep all domestic plants open, a union official said on Wednesday.
PSA will continue building minicars with Toyota, report says
PSA/Peugeot-Citroen will continue to collaborate with Toyota in the minicar segment in Europe, PSA CEO Philippe Varin told a German car magazine, ending speculation that PSA’s tie-up with General Motors had put the cooperation at risk.
