It’s safe to say that 2012 was PSA’s annus horriblus. From job cuts to a shaky alliance with GM to bond rating downgrades, everything that could have gone wrong for Peugeot-Citroen ended up happening. And 2013 may not be much better, as the prospect of a bailout looks ever more like reality.
PSA is still faced with the structural problems that dog pretty much every car maker in Europe; a weak economy, rampant overcapacity and a demographic deck stacked against growth in the new car market. Unlike chief rival Renault, PSA has failed to expand its horizons beyond Europe, with little in the way of low cost offerings for emerging markets. On top of that, attempts by PSA at exercising financial prudence, like cutting jobs and closing factories, have been met with outrage in France. A proposed alliance with General Motors has produced little in the way of any tangible results.
Recent Comments
NMGOM - gslippy…. Can’t say for sure, but I doubt that the Hyundai Fuel Cell cars would use LH2. Seems that just regular compressed GH2...
NMGOM - Hummer…. Oh, you mean like the Hoover Dam and Social Security? ————&# 8212;
Type57SC - So what was that I keep hearing the press, including cheerleaders like Autoline,...
Pete Zaitcev - It could, with a hybrid. However, the struggles of Williams with the engine for Eclipse who how hard it is to scale a turbine down.
Pete Zaitcev - But Osprey’s civilian offspring, Augusta 609, is continuously delayed. Last I checked it was a decade of delays. This is way slower than the evolution of Tesla...
NoGoYo - Well it kind of kills the idea of efficiency if the cars needs premium gas to not be a dog. A properly efficient car should be able to run on 87 octane...
amca - Such a shame. Victor Mueller really understood Saab, I think. Remember when he ran a vintage rally car, identical...
TW4 - Except for the vaunted American small-block V8, which is an enduring engineering marvel, I’m not particularly concerned with the number of cylinders. To...
danio3834 - “Even with airbags it mentions broken pelvis and so on, not so good for many old folk who often drive these cars.” That’s...
Lorenzo - I just knew the Saab story wasn’t over. Do Youngman and Pang Da get their money back?