#PSA
France Hikes Taxes On Diesel Fuel, Auto Makers Protest
The French government is planning on raising taxes on diesel fuel, branding it a “health issue”, much to the chagrin of consumers and the country’s auto industry.
Hyundai Apparently Wants PSA's Hybrid-Air System
Is Hyundai eyeing PSA’s compressed-air hybrid system? If you believe the scuttlebutt out of France, the answer is yes.
Renault, PSA Face Unprofitable Paradox
Prevailing wisdom today holds that small cars, manufactured in developed economies are some of the least profitable cars in existence. So why do companies like Peugeot, Citroen and Renault persist in producing them?
Peugeot Adds Lightness With 1700 LB Supermini
What would you say to a hybrid B-segment car that weighed 1700 lbs, emitted half the carbon emissions of a Toyota Prius and still hit 62 mph in 8 seconds?
PSA Still Burning Cash, Banque PSA Downgraded To Junk
Despite a plan for a financial turnaround by 2015, PSA projected a cash burn rate as much as 1.5 billion euros for 2013. Meanwhile, PSA’s finance arm had their bonds downgraded to junk status.
Peugeot To Move "Upscale", PSA Remains Without Low-Cost Brand
Stop us if you’ve heard this one before. Unlike the poorly interpreted plans for Mazda to be a “premium” brand, PSA really is planning to take Peugeot upscale, despite having zero brand equity, an upscale Citroen line and zero exposure to the profit center of the future, low-cost cars.
EU Approves Banque PSA Financing, Demands Total Restructuring
After approving a $1.6 billion loan guarantee for PSA’s captive finance arm, the European Commission demanded a restructuring plan for all of PSA within six months.
How Close Are We To A PSA Bailout?
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.
PSA May Get French Government Bailout
The French government is denying that it plans to acquire a stake in PSA, but France’s Prime Minister told reporters that mechanisms for providing government assistance have already been vetted.
Matters Get Hot At PSA
If GM wants to know what will happen when things get tough at its Opel plants, all it has to do is ask partner PSA. Workers at PSA’s doomed Aulnay plant “face jeers and threats, as well as eggs and other objects hurled by striking colleagues protesting against the shutdown and Peugeot’s restructuring plans,” as Reuters reports from the frontlines.
GM, Too Scared To Go To Emerging Markets Alone, Picks Two Even Scarier Escorts
GM’s CEO Dan Akerson gave an interview to Norihiko Shirouzu, one of the best men in Reuters’ impressive stable of automotive writers. Akerson disclosed two very scary pieces of information:
- GM hinged most of its emerging markets strategy on its Chinese JV partner SAIC
- GM will hinge most of its emerging markets strategy on SAIC and PSA
PSA Stops Car Output
GM’s tattered alliance-partner PSA Peugeot Citroen did not produce any cars in its Slovak plant today and will add more stoppage days next month to catch up with weak demand in Europe, Reuters reports.
GM To Use PSA Modular Platform For MPVs, No Large Car Mentioned
Less than a day after PSA announced their new EMP2 modular platform for C and D Segment cars, TTAC was already questioning the health of the seemingly moribund GM-PSA alliance for medium and large-size cars. Now, we have an answer – Opel will be adopting EMP2.
Analysis: PSA Debuts EMP2, Their Own Modular Platform System
We at TTAC are very excited by modular platforms, and it has nothing to do with undiagnosed autism spectrum disorders or a lack of interest in the wider world outside autos. Modular platforms are the next great leap forward for auto makers; green cars help save cute animals, and thus get all the attention, but guess what underpins the Nissan Leaf? A version of Renault-Nissan’s B Platform, which underpins everything from the Cube to the Clio to the Sandero.
Le Bailout: France Can't Rescue PSA Without An OK From Brussels
The French government is asking the EU Commission to approve its bail-out of GM’s alliance partner PSA Peugeot Citroen, Reuters says with input from French daily Les Echos.
Recent Comments