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Business

Merger to Put Most FCA Cars on PSA Platforms

PSA Group and Fiat Chrysler Automobiles say two PSA platforms will carry two-thirds of all small cars made by the companies after they merge.

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.

FCA-PSA Merger Pact Due in December?

Fiat Chrysler Automobiles and PSA Group reportedly expect to sign a binding deal to merge in before the end of next month.

Alfa Romeo Scales Back Product Plans

Fiat Chrysler Automobiles NV’s Alfa Romeo unit is dropping two of the six new and updated models it planned to introduce in coming years.

Business

FCA, PSA Confirm Plan to Merge in 50:50 Deal

Fiat Chrysler Automobiles NV and PSA Group have detailed plans to merge into a new company owned 50:50 by shareholders of the Italian and French carmakers.

Business

FCA, PSA Confirm Merger Talks; Deal Near?

Fiat Chrysler Automobiles NV and PSA Group confirm they are discussing a possible merger. Reports say a deal could be announced on Thursday.

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.  

Business

FCA, PSA Revive Merger Talks

Fiat Chrysler Automobiles NV and PSA Group are again in exploratory talks about merging, The Wall Street Journal says.

Propulsion

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.

Report: Cobee to Head Citroen

Vincent Cobee, who left Mitsubishi Motors Corp. in April, will succeed Linda Jackson as CEO of PSA Group’s Citroen unit, Automobilwoche reports.

Sales

September Car Sales Rise 14% in Europe

Registrations of new passenger vehicles across Europe jumped 14% to 1.29 million units in September, thanks to abnormally low volume in the same month in 2018, says trade group ACEA.

Business

Faurecia to Buy Out Conti in JV

Faurecia SA has agreed to acquire Continental AG’s 50% stake in SAS Autosystemtechnik Verwaltungs GmbH and take full control of the interior modules joint venture.

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.

Assembly

Opel Drops Work Shift at Russelsheim Plant

PSA Group’s Opel unit says it will eliminate the night shift for six months at its main assembly plant in Russelsheim, Germany.

Propulsion

Renault May Join Euro Battery Consortium

Renault SA Chairman Jean-Dominique Senard says his company will join a European consortium to make battery cells for electric cars if there’s a viable business case to do so.

Sales

Car Sales in Europe Skidded 9% in August

Retail deliveries of new cars and light trucks across Europe shrank 9% to 1.07 million units in August, trade group ACEA reports.

Ex-Mitsubishi Strategist to Join PSA?

Vincent Cobee, who left Mitsubishi Motors Corp. in April, is joining PSA Group, according to Reuters.

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.

Top Renault-Nissan Alliance Exec Deboeuf Quits

Arnauld Deboeuf, who ran the Office of the CEO for the Renault-Nissan-Mitsubishi alliance, has quit, telling his staff that Renault CEO Thierry Bollore ordered him to leave.

Propulsion

Opel Plans EV Rally Car Series

PSA Group's Opel unit plans to launch a rally car race series next summer that feature the upcoming all-electric variant of the Corsa small hatchback.

Production

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.

Business

Report: Dongfeng Motor May Sell PSA Stake

Dongfeng Motor Group reportedly is pondering the sale of some or all of its €2.2 billion ($2.5 billion) stake in PSA Group.

Business

New-Car Deliveries Fall 2% in France

Retail sales of new passenger vehicles in France slipped 2% to 172,200 units in July in spite of one more selling day during the month this year.