The first generations of the Citroen C1, Peugeot 107 and Toyota Aygo sibling minicars looked too similar, the automakers admit. The partners did not discuss the designs of the second-generation models to prevent that from happening with the new models. Citroen C1 chief designer Carlo Bonzanigo explained the advantages of the strategy during a recent interview.
Tag Archives: psa
PSA names new chiefs for Citroen and DS brands
Citroen chief Frederic Banzet will be replaced by the brand’s UK head, Linda Jackson, PSA/Peugeot-Citroen said.
PSA begins Rights Offering stock sale
PSA/Peugeot-Citroen is offering stock to investors at 6.77 euros a share after selling stakes to Chinese partner Dongfeng Motor and the French state at a higher price.
PSA revenue rises 2% on China, Europe recovery
PSA/Peugeot-Citroen reported a 2 percent gain in first-quarter revenue as a recovery in its home region and expansion in China boosted deliveries.
Sales increased to €13.3 billion ($18.4 billion) from €13 billion a year earlier, PSA said in a statement today.
PSA to halve lineup in push for 2% margins by 2018
PSA/Peugeot-Citroen outlined plans to cut its model lineup by almost half and to turn Citroen’s DS unit into a separate brand in a bid to restore the automotive division’s profit.
By 2018 the carmaking unit’s operating margin will amount to 2 percent of sales, with the figure rising to 5 percent in the 2019-2023 period, CEO Carlos Tavares said today in his strategic review of the Paris-based automaker.
