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Business

PSA, Fiat Chrysler Agree to Merge

The auto industry contemplates its biggest merger ever, as Fiat Chrysler Automobiles and PSA Group formally agree to $47 billion deal.

Business

Fiat Chrysler, PSA Ready to Sign Merger Pledge

It will be a very big deal, literally, when PSA Group and Fiat Chrysler Automobiles formalize their plan next week to merge.

Sales

Vietnam Carmaker Takes Aim at U.S.

Vietnam’s first local carmaker, 2-year-old VinFast, aims to do something no Chinese OEM has yet accomplished: launch sales in the U.S.

Business

Report: Dongfeng to Cut Stake in PSA

Dongfeng Motor Group will reduce its stake in PSA Group to help the French carmaker clear U.S. regulatory hurdles ahead of a planned merger with Fiat Chrysler Automobiles.

Business

PSA Confirms Sale of Stake in Changan Venture

PSA Group confirms it is selling its 50% stake in a carmaking venture with China’s Changan Automobile Group.

Business

Merged FCA-PSA Would Maintain Current Brands

Fiat Chrysler Automobiles and PSA Group plan to maintain all current brands under their proposed merger, PSA CEO Carlos Tavares tells French television station BMF Business.

PSA, Changan to End Chinese Venture

PSA Group says its struggling joint venture with China’s Changan Automobile Group will be dissolved.

Business

Mahindra Buys Out Peugeot Motorcycles

A European subsidiary of India's Mahindra & Mahindra Ltd. has agreed to buy the remaining 49% of Peugeot Motorcycles it didn’t already own.  

Hybrid

PSA Readies Electric Vans

PSA Group will launch all-electric variants of its Citroen, Peugeot and Opel/Vauxhall compact vans next year in Europe.

Marketing

Peugeot Names N. American Marketing Chief

PSA Group’s Peugeot unit has appointed Lisa Mark chief marketing officer and vice president for its fledgling North American operations.

Conti Launches Third-Gen e-Axle

Continental AG says its third-generation electric drive system is smaller, lighter, less expensive and more efficient than previous versions.

Sales

PSA, Dongfeng Finalize Plan to Restructure JV

PSA Group says it is launching a restructuring plan for its 27-year-old carmaking venture with Dongfeng Motor Group in Wuhan, China, to cut costs and boost sales.

Assembly

PSA-Dongfeng Venture to Close 2 Plants in China

PSA Group and Dongfeng Motor Group plan to close two of their four joint-venture assembly plants in China and dismiss half the venture’s employees.

Propulsion

Report: Mini/Great Wall JV Plans Rocketman EV

Spotlight Automotive Ltd., the 4-month-old joint venture between BMW and Great Wall, plans to build a production version of the two-seat Rocketman electric supermini unveiled by BMW’s Mini brand eight years ago.

Business

Revival Plan for Opel: EVs and PSA Platforms

PSA Group figures its Opel brand will be able to meet carbon dioxide emission targets in Europe by building new models on lighter platforms and injecting its lineup with electrified cars.

Production

PSA Opens $627 Million Assembly Plant in Morocco

PSA Group has officially opened a €555 million ($627 million) assembly plant near Rabat, Morocco.

Labor

Opel Says EVs Will Enable It to Meet CO2 Targets

PSA Group’s Opel unit says it will be able to meet European Union targets for carbon dioxide emissions, thanks to upcoming all-electric models.

Sales

22 Brands Opt Out of Frankfurt Auto Show

This year’s Frankfurt auto show in September won’t include 22 vehicle brands, according to Automobilwoche.

Mobility

Bicycles and Beyond

According to NACTO, last year in the U.S. there were 84-million trips taken on bikes and scooters. What’s most notable about that figure is that it is more than twice as many trips as had been taken on micromobility services the previous year, which clearly indicates growth in that space.

Business

PSA Boss Affirms Interest in Adding Luxury Brand

PSA Group CEO Carlos Tavares he is evaluating all opportunities, including buying or partnering with a luxury brand such as Jaguar Land Rover.

Design

BMW, Rolls-Royce Get New Design Leaders

BMW AG’s Rolls-Royce ultra-luxury brand has appointed Jozef Kaban as design chief, effective today.

Business

PSA Steps Up Plan to Re-Enter N. American Market

PSA Group has shortened its timetable for relaunching its Peugeot brand in North America and now plans to begin shipping vehicles from Europe in 3-4 years.

Business

Report: Fiat Chrysler Rejected PSA Merger Bid

Earlier this year, Fiat Chrysler Automobiles NV turned down an overture from PSA Group to merge, sources tell The Wall Street Journal.

Business

Peugeot Family Would Back More PSA Ventures

PSA Group’s founding Peugeot family says it would support CEO Carlos Tavares in partnerships or another acquisition similar to Opel.