PSA/Peugeot-Citroen has hired Renault’s former China chief, Chen Guozhang, to oversee its upscale DS brand in Asia, reported China Business News, a Shanghai-based daily newspaper.
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PSA’s China JV recalls 162,913 cars to fix defective valves
Dongfeng Peugeot Citroen Automobile Co Ltd, a joint venture between PSA Peugeot Citroen and China’s Dongfeng Motor Group Co Ltd, will recall 162,913 cars due to defective valves that could potentially lead to fuel leaks, China’s quality watchdog said.
Ford, Renault, Opel and PSA gain as European sales rise 4%
New-car registrations in Europe rose 4 percent in April with mass-market automakers Renault, Ford, Opel and PSA showing stronger growth than premium brands.
Registrations in the EU and EFTA markets increased to 1.13 million vehicles from 1.08 million a year earlier, industry association ACEA said today in a statement. Four-month sales gained 7 percent to 4.48 million.
Peugeot family says it will remain influential in PSA
The Peugeot family will remain influential in PSA/Peugeot-Citroen after China’s Dongfeng and the French state took stakes in the automaker, Robert Peugeot, head of the FFP family holding company, said.
Hyundai’s van plan signals rougher time for PSA, Renault
Hyundai is preparing to enter the European commercial van market with a Turkish-built vehicle, a source said, adding to signs that Renault and PSA/Peugeot-Citroen could lose their grip on a lucrative part of the auto industry.
Hyundai will debut a large van at September’s Hanover truck show and begin production with Turkish partner Karsan next year, a person familiar with the plan told Reuters. Hyundai declined to comment.
