By on April 9, 2012

GM’s new partner PSA increasingly reminds of pre-carmageddon Ford: Europe’s number 2 finds itself short on cash and way too long on capacity. Other than Ford that had mortgaged everything, PSA takes more radical steps. After putting is own headquarters building up for sale, PSA is ready to sign over parts of its Aulnay car plant to renters.

According to Reuters, PSA is looking for tenants for parts of its Almay factory north of Paris. PSA wants to turn another 17,000 square meters (183,000 square feet) into rental income.  It had already leased out 23,000 square meters of the factory.

With presidential electioneering in high gear, plant closures are a topic that is even more explosive than usual in France.  Union and government officials have received assurances that the plant will continue making the Citroen C3 subcompact – at least through 2014. The CGT union wants better assurances, “but management doesn’t want to commit itself to anything at all,” a union official complained on Friday


Get the latest TTAC e-Newsletter!


No Comments on “PSA On The Prowl For More Cash...”

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • Mandalorian: Yes, there is a big opportunity cost with the Fiesta in terms of production/logistics and dealer-wise as...
  • ClutchCarGo: I’m hearing “I do it! I do it!” in a high-pitched voice, followed by a tantrum if not...
  • DeadWeight: I beg to differ as do many if not most – the Mustang II and the Bronco II were 2 of the worst...
  • ClutchCarGo: Dresser? Hah! Maybe the dresser drawers.
  • NMGOM: Aaah, makuribu – – – You forgot the beneficial effect of dilithium crystals…(^_^),...

New Car Research

Get a Free Dealer Quote


  • Contributors

  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States