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PSA Group increased sales and profit in the first half, the maker of Peugeots and Citroens said, beating analyst expectations with a new profitability record at its core manufacturing division. Net income rose 3.6 percent to 1.26 billion euros ($1.46 billion)…
French car makers Renault and Peugeot have committed to increasing their orders from ailing components-maker GM&S Industry after their chief executives spoke with Economy Minister Bruno Le Maire, his ministry said on Sunday. The future of the company, which…
Car maker Opel, which PSA Group has agreed to buy from General Motors, will use the French carmaker’s technology in the next generation of its best-selling Corsa model, a company spokesman said, confirming a report. The current Corsa model is built with GM…
French carmaker Peugeot is partnering with Boston, Massachusetts-based tech firm nuTonomy to test self-driving cars in Singapore. NuTonomy’s software, sensors and computing platforms will be installed in Peugeot 3008 models as part of plans to develop the…
French carmaker PSA Group’s first-quarter revenue rose 4.9 percent, the maker of Peugeot, Citroen and DS models said on Wednesday, as new models helped offset the effect of weak sales growth and a negative exchange-rate impact. Revenue rose to 13.63 billion…
France’s PSA Group is set to announce a deal to buy Opel from General Motors (GM.N) on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for the acquisition. The maker of Peugeot, Citroen and DS cars said on…
The European markets ended Monday’s session in negative territory, as renewed concerns over China weighed on investor sentiment. Concerns over the upcoming snap elections in Greece and the likelihood of a near-term U.S. interest rate hike also contributed to…
French car giant Peugeot has agreed a new joint venture to manufacture light commercial vehicles and cars in China. Peugeot has signed an initial agreement with domestic carmaker China Changan Automotive Group. If it goes ahead, the deal will give Peugeot a…
