By on February 18, 2014

Peugeot China 508

The founding family behind PSA Peugeot Citroen has approved the 3 billion euro ($4.1 billion USD) deal between the French government and Chinese automaker Dongfeng just an industry analyst penned an open letter for PSA chairman Thierry Peugeot to reconsider before it becomes too late to turn back.

(Read More…)

By on February 7, 2014

2014 Peugeot 508

With PSA Peugeot Citroen’s supervisory board’s blessing, CEO Philippe Varin is continuing talks with partner Dongfeng regarding the stock sale to both the Chinese automaker and the French government.

(Read More…)

By on September 30, 2013

Dongfeng_Peugeot_Citroen_logo

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 the holdings of the Peugeot family, which holds slightly more than a quarter of PSA shares, below a controlling stake in the French automaker. Earlier this year, Reuters had reported that the Peugeots were willing to relinquish control so that GM could take a larger stake in PSA, though General Motors has since indicated that they don’t plan to increase their holdings in PSA. (Read More…)

Recent Comments

  • pmirp1: Lucid air majority share holder is Saudi Arabia. They sold majority stake in the company for over 1.3 billion...
  • ToolGuy: @MitchConner, That is a very thoughtful comment. Mine was kind of a throwaway. Now – why do you hate...
  • dal20402: 226 inches, and likely less interior room in most dimensions (except width) than my Bolt, which is an...
  • Lou_BC: True. Polaris quads did have an issue with catching fire. My neighbour’s shed burned down and if it...
  • MitchConner: Tool Guy (great username by the way — as it fits), Nikola already conceded they fraudulently represented...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber