PSA/Peugeot-Citroen said it will invest €300 million ($408 million) to revamp and shrink its Mulhouse plant in eastern France, as the carmaker begins work on a recovery plan under new CEO Carlos Tavares.
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PSA, Honda have factories at risk of closure
A number of car factories are at risk of closure because of overcapacity in the European auto industry. PSA/Peugeot-Citroen’s factory in Rennes, France, and Honda’s plant in Gebze, Turkey, are highest on the list, according to France-based research firm Inovev, which estimates that each plant’s capacity usage was below 30 percent last year.
Tavares says, PSA will defend its position as Europe’s No. 2 carmaker
PSA/Peugeot-Citroen will defend its position as Europe’s No. 2 carmaker after Volkswagen Group, CEO Carlos Tavares said at the Automotive News Europe conference.
PSA’s DS division seeks to sell French chic worldwide
PSA/Peugeot-Citroen’s Paris dealership dedicated to the upscale DS brand is much like a high-end French restaurant: cozy, understated but chic.
PSA to move Citroen C3 output to Slovakia from France
PSA/Peugeot-Citroen plans to build its next C3 subcompact in Slovakia instead of France, sources close to the French carmaker said today. The move is part of a strategy to shift production of low-margin small cars away from western Europe, where costs are considered too high.
