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DARPA awards Phase 2 SBIR contract for HEV motorcycle prototype
January 20, 2015 By Neville -
Report: Hyundai to cut price of FCV in Korea to compete with Toyota
January 20, 2015 By Neville -
Nissan LEAF is best-selling EV in Europe for fourth year in a row
January 20, 2015 By Neville -
Ford of Europe designer Stefan Lamm joins VW’s Seat brand
January 20, 2015 By Sean -
Ford’s German production to raise as demand rebounds
January 20, 2015 By Sean
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PSA increases transmission production on China demand
PSA/Peugeot-Citroen says it is stepping up production of transmission units at a plant in Valenciennes, northern France, to meet strong Chinese demand, the French carmaker said.
PSA said it would hire about 50 temporary workers and add new shifts to raise daily output to 1,900 AL4 transmissions in June from 1,300 currently.
The Valenciennes plant employs 2,200 workers and supplies transmission units for about half the Peugeot and Citroen vehicles sold worldwide.
On Wednesday, PSA signed a long-awaited framework deal with state-owned Dongfeng Motor Group that will see the Chinese carmaker and the French government take matching 14 percent PSA stakes in a 3 billion euro ($4.1 billion) capital increase. The deal will bring the French carmaker much-needed cash and greater access to Asian markets.
PSA’s deliveries in China climbed 26 percent to 557,000 vehicles last year.