PSA Group
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Stellantis, the new company created from the merger of FCA and PSA Group, revealed its new logo.
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FCA's merger partner announces new modular EV platform
PSA Group has announced a new platform with EV capability for small and mid-size cars.
Viknesh Vijayenthiran -
Fiat Chrysler and PSA Group sign merger agreement
Based on 2018's numbers, the merged entity would have annual sales of 8.7 million units and revenues of nearly $190 billion.
Viknesh Vijayenthiran -
Official: Fiat Chrysler and France's PSA Group agree to 50/50 merger
The merged company will be the fourth biggest automaker in the world.
Joel Feder -
France's PSA Group rumored to be interested in acquiring Jaguar-Land Rover
The French automaker PSA Group may be interested in acquiring Jaguar-Land Rover from India's Tata Motors. Tata denies the desire to sell, but PSA has plenty of reasons to aim for the luxury brands.
Sean Szymkowski -
Could PSA Group be a potential partner for FCA?
There's growing speculation that France's PSA Group is, at the very least, open to the idea of a merger or acquisition of Fiat Chrysler Automobiles. The heads of both automakers reportedly told journalists separately at this month's Geneva International Motor Show that the possibility of an...
Viknesh Vijayenthiran -
Peugeot will return to the United States and Canada in the next decade, parent company PSA Group announced Tuesday. The announcement was made at a conference outlining PSA's overwhelmingly positive financial results for 2018, which included sales of 3.88 million vehicles and a net profit of $3.7 billion. Peugeots were last sold in the United States and Canada in 1991, with the brand finally deciding to pull out after 33 years due to dismal sales. The Peugeot of today is very different, though, with its cars nothing like the small and quirky contraptions you may remember. Peugeot's current...
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PSA Group chooses Washington, DC to start car sharing service
The PSA Group wants to gain a foothold here in the States. PSA executed the first part of this plan by launching its car sharing service, Free2Move, on Thursday in Washington, D.C. Free2Move launched in D.C. with a fleet of 600 Chevrolet Cruise sedans and Equinox crossover SUVs parked in all eight...
Jeff Glucker -
PSA Group will decide in coming months what brand(s) to launch in US
French automaker PSA Group, which controls the Peugeot, Citroën, DS and Opel (Vauxhall) brands, plans to sell cars in the United States no later than 2026. In the coming months the automaker will make some key decisions surrounding how it plans to return, including what brand(s) will lead the...
Sean Szymkowski -
Maker of Opel and Peugeot cars picks Atlanta for US headquarters
France's PSA Group, the maker of Citroën, DS, Peugeot, and now also Opel cars, has a mission to sell cars in the United States, though the automaker, which is Europe's second biggest by volume, isn't rushing things. It has a decade-long plan split up into three phases, and right now we're only...
Viknesh Vijayenthiran -
Opel gives glimpse at new design direction, potential electric SUV
Finally free of years of mismanagement at the hands of General Motors, Opel has the potential to thrive under the stewardship of new owner PSA Group. In its new PACE! strategy announced on Thursday, Opel will address the complexities and inefficiencies that have led to almost two decades of losses...
Viknesh Vijayenthiran -
PSA Group announces strategy for Opel
Opel has been a money pit going on two decades. It’s arguably the main reason General Motors finally decided to sell the brand to France’s PSA Group, which also controls the Citroën, DS and Peugeot brands. PSA itself wasn’t in ideal financial shape not long ago but the...
Viknesh Vijayenthiran -
French auto giant PSA Group, the maker of Citroën, DS, Peugeot, and now also Opel cars, is committed to a presence in the United States. But PSA isn’t rushing things. Instead, the automaker will test the waters with a car sharing app, as outlined by CEO Carlos Tavares in 2016. Called Free2Move, the car—and bike—sharing app kicked off on Wednesday in Seattle, Washington. With just a smartphone, Free2Move users can compare the location, characteristics and operating costs of various transportation options, including offerings from established car sharing firms such as...
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GM's sale of Opel to France’s PSA Group is complete
General Motors and French automaker PSA Group on Tuesday announced the completion of the sale of Opel. Its acquisition of Opel means PSA Group is second only to the Volkswagen Group for size among European automakers. Combined deliveries for PSA and Opel totaled 4.3 million vehicles in 2016, or...
Viknesh Vijayenthiran -
nuTonomy to use Peugeot 3008 for self-driving car fleet
Last summer, an American startup by the name of nuTonomy made headlines following the launch of the world’s first taxi service implementing a fleet of self-driving cars. Albeit a trial only, the service, which covered a few streets in Singapore, provided an early look at a likely future where...
Viknesh Vijayenthiran -
Maker of Peugeot and Citroën cars establishes North American ops
French automaker PSA Group only last month agreed to purchase Opel from General Motors. The automaker has also got around to establishing PSA North America, with former TrueCar and Nissan executive Larry Dominique put in charge of the new operation. But PSA isn’t ready just yet to establish a...
Viknesh Vijayenthiran -
What’s in store for Opel’s future
Recently we looked at what’s in store for General Motors now that it’s sold its struggling European unit Opel to PSA Group. But what about the future of Opel? CEO Karl-Thomas Neumann has discussed the matter with Auto Motor und Sport, revealing that he won’t be treading far from...
Viknesh Vijayenthiran -
GM sells Opel to France’s PSA Group
General Motors confirmed on Monday that it has reached an agreement to sell its struggling European division Opel to French auto giant PSA Group, the parent of French brands Citroën, DS and Peugeot. The deal, which is valued at 2.2 billion euros (approximately $2.33 billion), will see PSA...
Viknesh Vijayenthiran -
Malaysian conglomerate DRB-Hicom is looking to offload its majority stake in fellow Malaysian firm Proton and two of the potential bidders are reported to be China’s Geely and France’s PSA Group. The information was reported on Sunday by the Financial Times which cited an anonymous source familiar with the matter. Geely and PSA are expected to place bids in the coming days. Separately, Proton a week ago told the Financial Times that a deal is expected to be completed within the first half of 2017, though the automaker didn't mention of the any bidders. DRB-Hicom, which in 2012...
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Maker of Peugeot and Citroën cars confirms LA car-sharing service
PSA Group CEO Carlos Tavares on Monday confirmed the French auto giant will launch a car-sharing service in Los Angeles and possibly more cities in the United States. PSA, which represents brands Peugeot, DS and Citroën, will work with fellow French firm Bollore to launch the service. Bollore...
Viknesh Vijayenthiran -
PSA Peugeot Citroën outlines three-step plan for US return
PSA Peugeot Citroën’s return to the United States has been making headlines ever since Peugeot pulled out of the market back in 1991. Now, though, we have our first official confirmation that the French automaker is gearing up for a return to the U.S. The confirmation was made by CEO...
Viknesh Vijayenthiran -
PSA Peugeot Citroën to expand brand heritage efforts
Both Peugeot and Citroën left the United States during the dawn of the Reagan administration. But even before their exits, vehicles from the French marques were generally seen as the domain of dedicated Francophiles or liberal arts college professors. Or both. That said, each...
John Coyle -
China’s Dongfeng and French government buy stakes in PSA Peugeot Citroën
Struggling French automaker PSA Peugeot Citroën has been thrown a lifeline in the form of capital injections from the French government and Chinese automaker Dongfeng. Each party will offer 800 million euros (approximately $1.1 billion) for 14 percent stakes in PSA. The French automaker also...
Viknesh Vijayenthiran