The Truth About Cars » PSA http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Mon, 02 May 2016 23:59:25 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 PSA, Citroen Mulling DS Launch in United States http://www.thetruthaboutcars.com/2015/09/psa-citroen-mulling-ds-launch-in-united-states/ http://www.thetruthaboutcars.com/2015/09/psa-citroen-mulling-ds-launch-in-united-states/#comments Sun, 20 Sep 2015 14:00:05 +0000 http://www.thetruthaboutcars.com/?p=1176138 French automaker PSA may be preparing to bring its luxury arm Citroen DS, to the United States within the next few years, Car and Driver reported. Citing a source within the company, a U.S. market launch would be “necessary” for the brand’s viability and a decision on whether to bring the French luxury cars would […]

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French automaker PSA may be preparing to bring its luxury arm Citroen DS, to the United States within the next few years, Car and Driver reported. Citing a source within the company, a U.S. market launch would be “necessary” for the brand’s viability and a decision on whether to bring the French luxury cars would […]

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DS Brand Could Spearhead PSA’s American Revival http://www.thetruthaboutcars.com/2014/10/ds-brand-spearhead-psas-american-revival/ http://www.thetruthaboutcars.com/2014/10/ds-brand-spearhead-psas-american-revival/#comments Mon, 06 Oct 2014 15:23:42 +0000 http://www.thetruthaboutcars.com/?p=926625 The long-awaited return of Peugeot Citroen to North America could be in the form of their new premium DS brand, but don’t get your hopes up just yet. Automotive News is reporting that the DS brand has ambitions to become a global premium brand – and according to DS brand CEO Yves Bonnefort, “and you cannot […]

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The long-awaited return of Peugeot Citroen to North America could be in the form of their new premium DS brand, but don’t get your hopes up just yet. Automotive News is reporting that the DS brand has ambitions to become a global premium brand – and according to DS brand CEO Yves Bonnefort, “and you cannot […]

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On This Day In History: Peugeot Withdraws From U.S. Market http://www.thetruthaboutcars.com/2014/08/day-history-peugeot-withdraws-u-s-market/ http://www.thetruthaboutcars.com/2014/08/day-history-peugeot-withdraws-u-s-market/#comments Wed, 06 Aug 2014 23:17:57 +0000 http://www.thetruthaboutcars.com/?p=883338   On this day in 1991, Peugeot officially announced its exit from the U.S. market. In 1986, Peugeot sold roughly 14,000 cars in America. By 1990, that number had plummeted to just 4,200. PSA still maintains an office in Michigan, but as Peugeot’s exit date closes in on the 25 year mark, that last vestige of a […]

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  On this day in 1991, Peugeot officially announced its exit from the U.S. market. In 1986, Peugeot sold roughly 14,000 cars in America. By 1990, that number had plummeted to just 4,200. PSA still maintains an office in Michigan, but as Peugeot’s exit date closes in on the 25 year mark, that last vestige of a […]

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PSA To Cut Labor Costs By Moving More Production Out Of France http://www.thetruthaboutcars.com/2014/05/psa-to-cut-labor-costs-by-moving-more-production-out-of-france/ http://www.thetruthaboutcars.com/2014/05/psa-to-cut-labor-costs-by-moving-more-production-out-of-france/#comments Fri, 23 May 2014 10:00:55 +0000 http://www.thetruthaboutcars.com/?p=828857 PSA will consolidate their small car production at a factory in Slovakia, as the struggling auto maker looks to cut labor costs and increase margins on small cars. Reuters and Automotive News Europe report that the next-generation Citroen C3, the brand’s best-selling model, will be built in Slovakia, alongside the C3 Picasso minivan and the […]

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PSA will consolidate their small car production at a factory in Slovakia, as the struggling auto maker looks to cut labor costs and increase margins on small cars. Reuters and Automotive News Europe report that the next-generation Citroen C3, the brand’s best-selling model, will be built in Slovakia, alongside the C3 Picasso minivan and the […]

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PSA, Mitsubishi May End EV Partnership http://www.thetruthaboutcars.com/2014/05/psa-mitsubishi-may-end-ev-partnership/ http://www.thetruthaboutcars.com/2014/05/psa-mitsubishi-may-end-ev-partnership/#comments Thu, 22 May 2014 04:01:03 +0000 http://www.thetruthaboutcars.com/?p=828330 PSA and Mitsubishi may discontinue their electric vehicle partnership in the next 12 months, according to PSA CEO Carlos Tavares. Speaking to a government body related to economic affairs, Tavares said that PSA would be re-evaluating the arrangement, which has PSA selling the Mitsubishi i-MiEV under the Citroen and Peugeot brands. According to Reuters, sales […]

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PSA and Mitsubishi may discontinue their electric vehicle partnership in the next 12 months, according to PSA CEO Carlos Tavares. Speaking to a government body related to economic affairs, Tavares said that PSA would be re-evaluating the arrangement, which has PSA selling the Mitsubishi i-MiEV under the Citroen and Peugeot brands. According to Reuters, sales […]

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Chart Of The Day: Europe’s C-Segment In 2013, And Why Peugeot Isn’t Coming Back To America http://www.thetruthaboutcars.com/2014/04/chart-of-the-day-europes-c-segment-in-2013-and-why-peugeot-isnt-coming-back-to-america/ http://www.thetruthaboutcars.com/2014/04/chart-of-the-day-europes-c-segment-in-2013-and-why-peugeot-isnt-coming-back-to-america/#comments Tue, 29 Apr 2014 15:09:24 +0000 http://www.thetruthaboutcars.com/?p=812386   Today’s chart of the day comes courtesy of JATO Dynamics and Automotive News Europe, showing last year’s C segment car sales in Europe (click to enlarge). While ANE reported the data in the context of the Volkswagen Golf’s (undeniable) dominance of the C-segment, the remaining data provides a lot of insight into the global automotive […]

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  Today’s chart of the day comes courtesy of JATO Dynamics and Automotive News Europe, showing last year’s C segment car sales in Europe (click to enlarge). While ANE reported the data in the context of the Volkswagen Golf’s (undeniable) dominance of the C-segment, the remaining data provides a lot of insight into the global automotive […]

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Tavares Could Take Reins at PSA Peugeot Citroen in March http://www.thetruthaboutcars.com/2014/01/tavares-could-take-reins-at-psa-peugeot-citroen-in-march/ http://www.thetruthaboutcars.com/2014/01/tavares-could-take-reins-at-psa-peugeot-citroen-in-march/#comments Mon, 27 Jan 2014 12:00:41 +0000 http://www.thetruthaboutcars.com/?p=724730 Sources close to the situation tell Reuters that Carlos Tavares, Carlos Ghosn’s former second in command at Renault, could start running rival PSA Peugeot Citroen as soon as March. Tavares officially joined PSA as CEO-in-waiting on Jan. 1. According to Reuters, Peugeot had previously said only that Tavares would take over sometime this year. Peugeot […]

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Sources close to the situation tell Reuters that Carlos Tavares, Carlos Ghosn’s former second in command at Renault, could start running rival PSA Peugeot Citroen as soon as March. Tavares officially joined PSA as CEO-in-waiting on Jan. 1. According to Reuters, Peugeot had previously said only that Tavares would take over sometime this year. Peugeot […]

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Renault Eyeing Return To Iran When Sanctions Lift http://www.thetruthaboutcars.com/2014/01/renault-eyeing-return-to-iran-when-sanctions-lift/ http://www.thetruthaboutcars.com/2014/01/renault-eyeing-return-to-iran-when-sanctions-lift/#comments Fri, 24 Jan 2014 18:18:40 +0000 http://www.thetruthaboutcars.com/?p=707522 For the past few months, sanctions against Iran for their nuclear ambitions have sidelined PSA and Renault from the Persian market. Behind the scenes, General Motors outmaneuvered PSA despite their one-time alliance allowing them to muscle their way into aan emerging market via loophole abuse and an unknown quantity of Camaros. With GM out of the […]

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For the past few months, sanctions against Iran for their nuclear ambitions have sidelined PSA and Renault from the Persian market. Behind the scenes, General Motors outmaneuvered PSA despite their one-time alliance allowing them to muscle their way into aan emerging market via loophole abuse and an unknown quantity of Camaros. With GM out of the […]

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GM Sells PSA Peugeot Citroen Stake For A $150 Million Gain, Blesses Dongfeng/PSA Tie-Up http://www.thetruthaboutcars.com/2013/12/gm-sells-psa-peugeot-citroen-stake-for-a-150-million-gain-blesses-dongfengpsa-tie-up/ http://www.thetruthaboutcars.com/2013/12/gm-sells-psa-peugeot-citroen-stake-for-a-150-million-gain-blesses-dongfengpsa-tie-up/#comments Fri, 20 Dec 2013 10:00:45 +0000 http://www.thetruthaboutcars.com/?p=684290 General Motors sort of has a reputation for bad investments in Europe. In 2000, GM made a deal with Fiat wherein Fiat sold 20% of Fiat Auto to GM for $2.4 billion and the Italian automaker took a 6% stake in GM. GM also received a put option which in certain circumstances would have obligated […]

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General Motors sort of has a reputation for bad investments in Europe. In 2000, GM made a deal with Fiat wherein Fiat sold 20% of Fiat Auto to GM for $2.4 billion and the Italian automaker took a 6% stake in GM. GM also received a put option which in certain circumstances would have obligated […]

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GM Selling PSA Stake http://www.thetruthaboutcars.com/2013/12/gm-selling-psa-stake/ http://www.thetruthaboutcars.com/2013/12/gm-selling-psa-stake/#comments Thu, 12 Dec 2013 18:17:34 +0000 http://www.thetruthaboutcars.com/?p=678810 General Motors will sell off their 7 percent stake in PSA, but will continue joint developing select vehicles and technologies. In a statement, GM’s Steve Girsky said “Our equity stake was planned to support PSA in their efforts to raise capital at the time of the creation of the GM and PSA alliance, and that […]

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General Motors will sell off their 7 percent stake in PSA, but will continue joint developing select vehicles and technologies. In a statement, GM’s Steve Girsky said “Our equity stake was planned to support PSA in their efforts to raise capital at the time of the creation of the GM and PSA alliance, and that […]

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Iran Is Open For Business: 1.5 Million Annual Unit Sales At Stake http://www.thetruthaboutcars.com/2013/11/iran-is-open-for-business-1-5-million-annual-unit-sales-at-stake/ http://www.thetruthaboutcars.com/2013/11/iran-is-open-for-business-1-5-million-annual-unit-sales-at-stake/#comments Tue, 26 Nov 2013 18:21:15 +0000 http://www.thetruthaboutcars.com/?p=664114 Weeks prior to the historic deal reached between Iran and the “P5+1″ group of nations, TTAC reported on some of the machinations going on behind the scenes regarded the United States, France and their respective auto industries ability to do business in Iran. We put forth the theory that any deal with Iran would be […]

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Weeks prior to the historic deal reached between Iran and the “P5+1″ group of nations, TTAC reported on some of the machinations going on behind the scenes regarded the United States, France and their respective auto industries ability to do business in Iran. We put forth the theory that any deal with Iran would be […]

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PSA Hires Ex-Renault COO Tavares As Next CEO http://www.thetruthaboutcars.com/2013/11/psa-hires-ex-renault-coo-tavares-as-next-ceo/ http://www.thetruthaboutcars.com/2013/11/psa-hires-ex-renault-coo-tavares-as-next-ceo/#comments Tue, 26 Nov 2013 16:45:37 +0000 http://www.thetruthaboutcars.com/?p=663874 PSA confirmed that former Renault COO Carlos Tavares will take over the reins starting January 1st. Tavares assumes the role at a fortunate point in time for PSA: an alliance with Chinese car maker Dongfeng is underway, and Tavares’ predecessor, Philippe Varin, has already completed the difficult task of closing factories and cutting thousands of […]

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PSA confirmed that former Renault COO Carlos Tavares will take over the reins starting January 1st. Tavares assumes the role at a fortunate point in time for PSA: an alliance with Chinese car maker Dongfeng is underway, and Tavares’ predecessor, Philippe Varin, has already completed the difficult task of closing factories and cutting thousands of […]

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Iran’s Imported Chevrolet Camaros Raise Questions About GM’s Dealings With PSA And The Iranian Regime http://www.thetruthaboutcars.com/2013/11/irans-imported-chevrolet-camaros-raise-questions-about-gms-dealings-with-psa-and-the-iranian-regime/ http://www.thetruthaboutcars.com/2013/11/irans-imported-chevrolet-camaros-raise-questions-about-gms-dealings-with-psa-and-the-iranian-regime/#comments Thu, 07 Nov 2013 14:26:41 +0000 http://www.thetruthaboutcars.com/?p=644722 An obscure story in the Azerbaijani press this past summer may be the tip of a much larger iceberg involving General Motors, PSA Peugeot Citroen and the Western World’s current bete noir: the Iranian regime currently embroiled at the heart of a controversial nuclear program, which is subject to economic sanctions by the United States government, […]

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An obscure story in the Azerbaijani press this past summer may be the tip of a much larger iceberg involving General Motors, PSA Peugeot Citroen and the Western World’s current bete noir: the Iranian regime currently embroiled at the heart of a controversial nuclear program, which is subject to economic sanctions by the United States government, […]

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PSA: Business Model for Joint Small Car With GM “Just Wasn’t There” http://www.thetruthaboutcars.com/2013/10/psa-business-model-for-joint-small-car-with-gm-just-wasnt-there/ http://www.thetruthaboutcars.com/2013/10/psa-business-model-for-joint-small-car-with-gm-just-wasnt-there/#comments Thu, 24 Oct 2013 11:00:32 +0000 http://www.thetruthaboutcars.com/?p=632802 In the wake of news that China’s Dongfeng Motors is going to take an equity stake in PSA/Peugeot Citroen, the French automaker says that it is scaling back its alliance with General Motors, which owns 7% of PSA. PSA said that a planned joint subcompact platform that was seen as the basis of the tie-up with […]

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In the wake of news that China’s Dongfeng Motors is going to take an equity stake in PSA/Peugeot Citroen, the French automaker says that it is scaling back its alliance with General Motors, which owns 7% of PSA. PSA said that a planned joint subcompact platform that was seen as the basis of the tie-up with […]

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Beyond The BRICs http://www.thetruthaboutcars.com/2013/10/beyond-the-brics/ http://www.thetruthaboutcars.com/2013/10/beyond-the-brics/#comments Wed, 23 Oct 2013 12:30:02 +0000 http://www.thetruthaboutcars.com/?p=632226 Emerging markets have been a big theme at TTAC for the past few years, with our coverage going beyond the cursory articles on automotive developments in the BRIC countries. Our articles on places like North Africa and Indonesia aren’t always the most popular, but we keep an eye on them for a very important reason. […]

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Emerging markets have been a big theme at TTAC for the past few years, with our coverage going beyond the cursory articles on automotive developments in the BRIC countries. Our articles on places like North Africa and Indonesia aren’t always the most popular, but we keep an eye on them for a very important reason. […]

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Reuters: Dongfeng/PSA Tie-Up Resulted From GM Scaling Back Cooperation http://www.thetruthaboutcars.com/2013/10/reuters-dongfengpsa-tie-up-resulted-from-gm-scaling-back-cooperation/ http://www.thetruthaboutcars.com/2013/10/reuters-dongfengpsa-tie-up-resulted-from-gm-scaling-back-cooperation/#comments Tue, 15 Oct 2013 14:58:58 +0000 http://www.thetruthaboutcars.com/?p=624193 Reuters is reporting that the reason behind PSA/Peugeot Citroen’s financial tie-up with China’s Dongfeng Motors was the decision of General Motors, which owns 7% of the French automaker, to scale back cooperation with Peugeot. GM also apparently rejected a PSA/Opel merger backed by the French government. In February of 2012, GM announced its investment in […]

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Reuters is reporting that the reason behind PSA/Peugeot Citroen’s financial tie-up with China’s Dongfeng Motors was the decision of General Motors, which owns 7% of the French automaker, to scale back cooperation with Peugeot. GM also apparently rejected a PSA/Opel merger backed by the French government. In February of 2012, GM announced its investment in […]

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PSA CEO Varin Says French Carmaker to Deepen Ties With Dongfeng in China. GM’s Girsky Unconcerned http://www.thetruthaboutcars.com/2013/09/psa-ceo-varin-says-french-carmaker-to-deepen-ties-with-dongfeng-in-china-gms-girsky-unconcerned/ http://www.thetruthaboutcars.com/2013/09/psa-ceo-varin-says-french-carmaker-to-deepen-ties-with-dongfeng-in-china-gms-girsky-unconcerned/#comments Mon, 30 Sep 2013 15:12:31 +0000 http://www.thetruthaboutcars.com/?p=531769 PSA/Peugeot-Citroen is negotiating with China’s Dongfeng Motor to expand their partnership in the world’s largest car market. PSA CEO Philippe Varin told reporters attending the opening of a new factory in Shenzhen, China, on Saturday that the French company is seriously considering selling equity to Dongfeng to fund expansion outside of Europe. The sale could diminish […]

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PSA/Peugeot-Citroen is negotiating with China’s Dongfeng Motor to expand their partnership in the world’s largest car market. PSA CEO Philippe Varin told reporters attending the opening of a new factory in Shenzhen, China, on Saturday that the French company is seriously considering selling equity to Dongfeng to fund expansion outside of Europe. The sale could diminish […]

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PSA, Dongfeng Said To Be Exploring A Partnership http://www.thetruthaboutcars.com/2013/09/psa-dongfeng-said-to-be-exploring-a-partnership/ http://www.thetruthaboutcars.com/2013/09/psa-dongfeng-said-to-be-exploring-a-partnership/#comments Wed, 18 Sep 2013 17:22:07 +0000 http://www.thetruthaboutcars.com/?p=523009 PSA, parent company of Peugeot and Citroen, is said to be exploring a partnership with China’s Dongfeng, as Peugeot looks for ways to strengthen itself amid weak sales and a perpetually sputtering European car market. A number of solutions are being proposed, with France’s La Tribune claiming that a capital increase (with Dongfeng providing cash in exchange […]

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PSA, parent company of Peugeot and Citroen, is said to be exploring a partnership with China’s Dongfeng, as Peugeot looks for ways to strengthen itself amid weak sales and a perpetually sputtering European car market. A number of solutions are being proposed, with France’s La Tribune claiming that a capital increase (with Dongfeng providing cash in exchange […]

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American Sanctions Forced Renault Out Of Iran http://www.thetruthaboutcars.com/2013/07/how-sanctions-forced-renault-out-of-iran/ http://www.thetruthaboutcars.com/2013/07/how-sanctions-forced-renault-out-of-iran/#comments Fri, 26 Jul 2013 16:37:07 +0000 http://www.thetruthaboutcars.com/?p=497141 Following PSA’s exit from Iran last year, Renault is the latest French car maker to leave the Middle Eastern country, thanks to American derived sanctions. La Tribune reports that Renault will stand to lose about 100,000 units worth of sales in Iran, with variants of the Dacia Logan making up the bulk of their volume. Renault […]

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Following PSA’s exit from Iran last year, Renault is the latest French car maker to leave the Middle Eastern country, thanks to American derived sanctions. La Tribune reports that Renault will stand to lose about 100,000 units worth of sales in Iran, with variants of the Dacia Logan making up the bulk of their volume. Renault […]

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PSA, GM Discussing A Return For Peugeot And Citroen Products In The USA http://www.thetruthaboutcars.com/2013/07/psa-gm-discussing-a-return-for-peugeot-and-citroen-products-in-the-usa/ http://www.thetruthaboutcars.com/2013/07/psa-gm-discussing-a-return-for-peugeot-and-citroen-products-in-the-usa/#comments Wed, 10 Jul 2013 13:50:10 +0000 http://www.thetruthaboutcars.com/?p=494756 No, the headline is not just empty click-bait. According to La Tribune, GM and PSA are looking at bringing some current Peugeot and Citroen products to America. The only catch is that they’d be commercial vans. The Citroen Jumpy and Peugeot Expert, the two vans in question, are currently built in a joint venture with Fiat due […]

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No, the headline is not just empty click-bait. According to La Tribune, GM and PSA are looking at bringing some current Peugeot and Citroen products to America. The only catch is that they’d be commercial vans. The Citroen Jumpy and Peugeot Expert, the two vans in question, are currently built in a joint venture with Fiat due […]

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Peugeot Working On 1700 LB Hot Hatch Good For 135 MPG http://www.thetruthaboutcars.com/2013/07/peugeot-working-on-1700-lb-hot-hatch-good-for-135-mpg/ http://www.thetruthaboutcars.com/2013/07/peugeot-working-on-1700-lb-hot-hatch-good-for-135-mpg/#comments Fri, 05 Jul 2013 15:27:13 +0000 http://www.thetruthaboutcars.com/?p=494284 Still glowing from their win at Pikes Peak, Peugeot is about to show off something completely different; a 135 mpg B-segment car (on the European cycle) that can still break the automotive Mendoza Line and hit 60 mph in 8 seconds. The 208 FE as its known, is a pretty radical car compared to a […]

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Still glowing from their win at Pikes Peak, Peugeot is about to show off something completely different; a 135 mpg B-segment car (on the European cycle) that can still break the automotive Mendoza Line and hit 60 mph in 8 seconds. The 208 FE as its known, is a pretty radical car compared to a […]

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PSA On The Death-Bed: Worth More Dead, Or Cut Up Into Parts? http://www.thetruthaboutcars.com/2013/07/psa-on-the-death-bed-worth-more-dead-or-cut-up-in-parts/ http://www.thetruthaboutcars.com/2013/07/psa-on-the-death-bed-worth-more-dead-or-cut-up-in-parts/#comments Fri, 05 Jul 2013 15:16:44 +0000 http://www.thetruthaboutcars.com/?p=494285 Imagine (sorry) you are on your death-bed, surrounded by your friends and families, who are divided in two camps. One group bets big on how soon you will die. The other group calculates how much your body-parts will bring after you are cut up. Now you know how PSA poor Peugeot Citroen must feel. According […]

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Imagine (sorry) you are on your death-bed, surrounded by your friends and families, who are divided in two camps. One group bets big on how soon you will die. The other group calculates how much your body-parts will bring after you are cut up. Now you know how PSA poor Peugeot Citroen must feel. According […]

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Sebastian Loeb Shatters Pikes Peak Record, Gives PSA Something To Celebrate http://www.thetruthaboutcars.com/2013/07/sebastian-loeb-shatters-pikes-peak-record-gives-psa-something-to-celebrate/ http://www.thetruthaboutcars.com/2013/07/sebastian-loeb-shatters-pikes-peak-record-gives-psa-something-to-celebrate/#comments Tue, 02 Jul 2013 18:18:07 +0000 http://www.thetruthaboutcars.com/?p=493967 It’s been a bad week for PSA, but at least they’ve got something to celebrate about. French driver Sebastian Loeb, behind the wheel of a Peugeot 208 T16, broke the record for the fastest time up Pikes Peak, at 8 minutes, 13.878 seconds, beating the old record by 92.286 seconds. The 208 T16, which bears […]

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It’s been a bad week for PSA, but at least they’ve got something to celebrate about. French driver Sebastian Loeb, behind the wheel of a Peugeot 208 T16, broke the record for the fastest time up Pikes Peak, at 8 minutes, 13.878 seconds, beating the old record by 92.286 seconds. The 208 T16, which bears […]

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On Its Beggathon, PSA Bypasses Fiat http://www.thetruthaboutcars.com/2013/07/on-its-beggathon-psa-bypasses-fiat/ http://www.thetruthaboutcars.com/2013/07/on-its-beggathon-psa-bypasses-fiat/#comments Tue, 02 Jul 2013 16:39:27 +0000 http://www.thetruthaboutcars.com/?p=493941 France’s PSA has been all over the world with hat in hand, looking for a charitable donation that may keep the carmaker alive a little longer. Things are so dire that it is news when PSA does not ask a carmaker for a donation. That carmaker is Fiat, itself short of funds. Asked by Reuters […]

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France’s PSA has been all over the world with hat in hand, looking for a charitable donation that may keep the carmaker alive a little longer. Things are so dire that it is news when PSA does not ask a carmaker for a donation. That carmaker is Fiat, itself short of funds. Asked by Reuters […]

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Peugeot Family Willing To Relinquish Control Of PSA To GM http://www.thetruthaboutcars.com/2013/06/peugeot-family-willing-to-relinquish-control-of-psa-to-gm/ http://www.thetruthaboutcars.com/2013/06/peugeot-family-willing-to-relinquish-control-of-psa-to-gm/#comments Thu, 27 Jun 2013 15:35:11 +0000 http://www.thetruthaboutcars.com/?p=493438 Mired in the same overcapacity crisis as the rest of Europe’s auto makers, the founding family of PSA is reportedly willing to give up control of the company that owns Peugeot and Citroen in exchange for a fresh infusion of capital from GM, which currently owns 7 percent of PSA. Terms of the deal are […]

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Mired in the same overcapacity crisis as the rest of Europe’s auto makers, the founding family of PSA is reportedly willing to give up control of the company that owns Peugeot and Citroen in exchange for a fresh infusion of capital from GM, which currently owns 7 percent of PSA. Terms of the deal are […]

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