Toyota reconfirmed its commitment to its minicar alliance with PSA even though the French automaker has agreed a capital tie-up with China’s Dongfeng Motor Corp.
Tag Archives: psa
Toyota, PSA benefit from rising hybrid demand in Europe
European sales of hybrid vehicles increased more than 40 percent last year to 214,237 units as more people decided to reduce their fuel consumption with the help of the electrically assisted cars.
Analysts, however, say the market niche continues to struggle against diesel-powered cars that are often even more frugal than hybrids.
Carlos vs. Carlos: PSA move turns double-act to rivalry
Whatever the secret of French carmaker Renault’s crisis-defying performance, Carlos Tavares has taken it with him to domestic competitor PSA/Peugeot-Citroen.
An appearance at the Geneva auto show on Tuesday marks Tavares’s graduation from former Renault second-in-command and Carlos Ghosn protege to PSA CEO and Ghosn rival. Under Brazilian-born Ghosn, who heads the Renault-Nissan alliance, Tavares helped to steer the French side of the partnership unscathed through a deep European slump that almost sank PSA. While Renault was sheltered by its 43.4 percent Nissan stake and buoyant low-cost car sales, analysts also credit price increases and cost savings that Tavares pushed through and now wants to repeat at PSA.
PSA and GM revise strategic alliance; GM sells 7% stake
PSA Peugeot Citroën and General Motors have revised elements of their strategic Alliance.
November car sales Spain Rises,France falls
Spanish new-car sales jumped 15 percent in November from a year earlier, car manufacturers’ association Anfac said on Monday.
