Peugeot CEO Linda Jackson stated Tuesday that the most significant danger to European electric vehicle prices is China's very competitive offers.
During the Future of the Car event, Jackson stressed that EV demand is slowing because "people are confused; they hear different messages."...
Groupe PSA's stock gained over 4% on Tuesday after the automaker released its earnings report for the first half of 2020.
Even though the PSA's revenue dropped 34% compared to the same time span a year prior, it amounted to €25.1 billion, surpassing market analysts' expectations, while the...
Groupe PSA reported on Tuesday that its revenue totaled €25.1 billion in the first half of fiscal 2020, falling 34% compared to the same period a year ago.
Operating income dropped 81% year on year to €482 million in the first half of 2020, while net income stood at €595 million, down 68% on an...
Fiat Chrysler Automobiles N.V. and Peugeot S.A. announced jointly on Wednesday that after their merger is completed, their new company, in which each of the automakers will have a 50% stake, will be called Stellantis. The name is derived from "stello" in Latin and means "to brighten the...
Fiat Chrysler (FCA) chairman John Elkann said on Wednesday that the reasons for the proposed merger of FCA and PSA Peugeot Group are "stronger than ever" given the crisis the coronavirus pandemic has caused to the automobile industry.
Elkann, the great-great-grandson of the Fiat founder...
Groupe PSA reported on Tuesday that its revenue totaled €15.2 billion in the first quarter of fiscal 2020, representing a decrease of 15.6% compared to the same period a year ago.
Automotive revenue fell by 15.7% from the first trimester of 2019 to €11.9 billion in the first three-month period in 2020....
French multinational auto-maker Groupe PSA announced on Monday it has signed a new syndicated loan of €3 billion in addition to the previous €3 billion in an effort to boost its financial security.
In a press release today, the Peugeot owner's chief financial officer Philippe de Rovira confirmed that...
French automaker Peugeot announced on Tuesday it is ready to adjust its partnership with China’s Huawei, in case United States authorities ask for certain precondition in order for them to approve the proposed merger between Peugeot with Fiat Chrysler.
Speaking through the conference call...
Shares of French carmaker Peugeot surged almost 7% on Wednesday following the company's earnings report which was published earlier in the day. Peugeot announced that its revenue rose 1% on an annual basis, while its operating income on an adjusted basis jumped 11.2% for the same...
French multinational auto-maker Groupe PSA announced on Wednesday its revenue for 2019 amounted to €74.7, up 1% compared to the previous year and beating analyst expectations.
The Peugeot owner reported automotive revenue landed at €59 billion, slightly higher than 2018's figure....
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