Tag Archives: psa

PSA will move out of Paris headquarters

PSA/Peugeot-Citroen will move out of its Paris headquarters in 2017 to a location in the city’s western suburbs as part of a cost-saving push under its new part-Chinese ownership structure.

PSA France director Xavier Duchemin revealed the decision today on the sidelines of a New Year press conference at the building on the prestigious Avenue de la Grande Armee, near the Arc de Triomphe monument.

PSA plans to cut 3,450 French jobs in 2015, report says

PSA/Peugeot-Citroen is preparing to cut another 3,450 French jobs next year as the troubled carmaker pursues a recovery plan under new CEO Carlos Tavares, two sources with knowledge of the matter told Reuters.

PSA to open engineering center in Morocco

PSA/Peugeot-Citroen will open an engineering center in Morocco and may build cars in the country as part of plans by CEO Carlos Tavares to reduce costs and return the automaker to profit, sources said. PSA will outsource some research and development functions to a new center in Casablanca run jointly with consulting firm Altran, two people familiar with the plan told Reuters.

PSA will add production shifts to meet demand for Citroen C4 Cactus

PSA will add production shifts to meet demand for Citroen C4 Cactus

PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.

PSA’s third-quarter auto revenue falls despite pricing push

PSA/Peugeot-Citroen’s group revenue rose 1.6 percent in the third quarter, but a push to raise pricing failed to deliver higher revenue at its core manufacturing arm.