The Truth About Cars » citroen c5 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 24 Jul 2014 17:47:59 +0000 en-US hourly 1 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » citroen c5 Citroen C5 Beats BMW 528i As Israel’s New State Car Thu, 11 Oct 2012 12:20:24 +0000

50 Cabinet ministers, judges and high ranking police officials in Israel were offered the choice of a new state car this past summer, and had the option of a BMW 528i or a Citroen C5. 28 of the 50, mostly cabinet ministers, picked the Citroen after a significant public backlash surrounded the BMWs.

With growing social unrest over unaffordable housing prices, picking a $79,000 BMW as one’s taxpayer-funded car would be rather unseemly. Instead, the $46,555 Citroen C5 will be employed by top government officials, including Israel’s chief central banker. But according to Israeli business publication Globes, even the C5 is

“Not the regular Citroen C5 that Israelis buy, but the executive version (which is not sold much in Israel), equipped with all the bells and whistles, including leather seats and a multimedia system, but still a Citroen C5 – a large vehicle with an image of a grey-collar car, and without the pretentiousness of a luxury brand.”

BMW reportedly offered discounts in line with the Citroen’s retail price, but the ensuing backlash led to the overwhelming adoption of the Citroen. During the last round of state car tenders, officials could choose between an Audi A6 and the Skoda Superb, with most choosing the Audi. This time around, an election is coming up sooner rather than later, and public perception matters much more, especially with Israelis caring deeply about “social justice” issues. Not mentioned officially (but felt deeply) was the issue of the appropriateness of taxpayer funded German cars. Skoda seems to get a pass due to the little known Czech-Israel arms connection, and most cabinet ministers had no qualms about the Audis; but there’s a reason Ariel Sharon drove a Volvo and Meir Dagan was loyal to Peugeot.

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PSA Restructuring Includes Plant Closure, 8,000 Jobs Cut Thu, 12 Jul 2012 12:36:57 +0000

It’s been a long time coming, but PSA has finally done it; the parent company of Peugeot and Citroen is cutting 8,000 jobs and closing an assembly plant outside Paris, as the carmaker tries to cope with a sagging market and excess capacity.

Of the 8,000 jobs being shed, 3,600 are not related to assembly work, while 3,000 are expected to come from the Aulnay plant outside France’s capital. 1,400 will come from the Rennes plant, which builds larger vehicles like the Citroen C5 and Peugeot 508, models that have seen demand drop off in the wake of Europe’s economic downturn.

According to Reuters, PSA’s plants are burning $244 million a month, with cash flow not expected to turn positive until 2015. PSA’s first-half losses in 2012 amounted to $857.5 million. With significant exposure to troubled markets in Europe (i.e. the PIIGS countries), no low-cost brand (like Dacia for Renault) and an uncompetitive small car lineup for Peugeot, the company’s fortunes are hardly bright.

The move by PSA could be the catalyst for a wave of restructuring moves across Europe. Carlos Ghosn, head of Renault-Nissan, told Reuters in March that “The day somebody’s able to restructure heavily in Europe, it’s going to force all carmakers to do it,”  while Fiat CEO Sergio Marchionne has long advocated for a way to reduce capacity, via closing plants or finding additional ways to take advantage of it.

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GM-PSA Alliance Bears Fruit: Opel To Build Citroen C5 Successor Fri, 11 May 2012 14:05:48 +0000

With a new Citroen C5 due in 2016, production of the mid-size Citroen will shift from PSA’s Rennes plant to an undisclosed Opel facility. A French car, built by Germans – eat your heart out, Clemens.

The move comes as part of the General Motors-PSA alliance, which sees cars like the C5 and Opel Insignia sharing a GM derived platform, while PSA contributes small car knowledge for the next Citroen C3 and Opel Corsa.

Union officials in France have long maintained that Rennes will be closed, and point to a dwindling workforce – cut in half from just three years ago – as evidence that PSA plans to shutter the plant. But the head of the factory recently told a local newspaper that a 40 million euro investment was planned for the site, which also builds the Citroen C5 and Peugeot 508.

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