PSA/Peugeot-Citroen’s capital tie-up with China’s Dongfeng Motor and the French government may not bring stability to the struggling automaker, observers said.The financial newspaper Les Echos described the deal as “the dragon that came to the rescue of the lion. The lion isn’t dead, but it has radically changed its appearance.”
Monthly Archives: March 2014
Nokian Tyres introduces world’s first non-studded winter tyre with deployable studs
Finnish tyre manufacturer Nokian Tyres has revealed the world’s first non-studded winter tyre with studs as part of the 80th anniversary of the winter tyre.
This revolutionary concept tyre with unique stud technology gives a hint of the things to come in the future.
New 3-speed EV powertrain to offer 10-15% improvement in EV range
UK-based Drive System Design is developing a new EV powertrain based on an alternate approach to powershifting (no torque interrupt) achieved by separating the existing functions of a synchronizer. The integrated design of an axial flux YASA motor with the multi-speed transmission contributes to simplification of the motor cooling system, electrical architecture and powertrain control system.
Tavares PSA’s incoming CEO plans model makeover
Carlos Tavares, PSA/Peugeot-Citroen’s incoming CEO, laid out aggressive plans to remake the unprofitable automaker’s model lineup.Tavares, the former Renault executive who will take over as CEO next month, said PSA needs to increase research and development funding and narrow its offerings to focus on the most profitable vehicles.
‘Car guy’ Tavares will become PSA chief on March 31
Industry analysts say former Renault executive Carlos Tavares, who will succeed Philippe Varin as PSA/Peugeot Citroen CEO on March 31, is the right man to lead the automaker — at the right time.Tavares, 55, will take on the CEO role just a couple of days after the French carmaker, China’s Dongfeng Motor Co. and the French government are expected to sign a 3-billion-euro ($4.1 billion) capital tie-up negotiated by Varin.
