Generated Cash In First Half, Thanks In Part To Slashed Spending. Peugeot-Citroen looks to be in slightly better financial shape than feared, but still faces a tough route back to break-even, according to investment bankers. In the first half of 2013, Peugeot-Citroen’s automotive losses shrank to €510 million, better by €147 million compared with the […]
Tag Archives | Citroen
Peugeot Family Said Ready To Cash In – Or Is This A Ruse?
Some Say Family Wants GM Help, Others See Attempt To Justify Cuts. “(GM) buying more deeply into the Peugeot morass would represent the triumph of hope over intelligence and experience”. Peugeot-Citroen was basking in some rare good news about the viability of its recovery from crippling losses when news broke that the family owners might […]
Peugeot Stabilising Losses, Helped By New Vehicle Launches
E.U. Probe Into Government Bank Loan Support Might Be A Negative. The Peugeot-Citroen automotive division’s operating losses will hit €740 million in the first half of 2013, but helped by important new launches of vehicles like the C4 Picasso, Peugeot 308 and 2008, and the first benefits from restructuring, the tide will start to turn […]
No Progress Expected On Peugeot-Citroen Losses
Weak Demand, Big Discounts Continue To Plague The Company “Peugeot-Citroen may be forced to undertake further cost-saving measures in order to achieve its target” Financially troubled Peugeot-Citroen, which has pledged to break-even by the end of 2014, will make no progress this year in attacking its chronic losses and will generate red ink at the […]
Peugeot-Citroen’s Massive Losses Shake Investors
Are More Cuts Needed, Will Government Bailout Be Required? Despite Dire Straits, Most Investors Believe Peugeot Will Hang On “Something in the European auto industry has to give soon” Peugeot-Citroen’s huge losses in 2012 raised fears among some investors that the company may be forced into making more cuts, or submit itself to a humiliating […]
Peugeot-Citroen May Have To Make More Cuts
Moody’s Sees Black Numbers in 2014 Peugeot-Citroen’s target of breaking-even by 2014 looks tough because of deteriorating markets even if it carries out its current plan impeccably, said Moody’s Investors Service as it cut the company’s rating again. Losses will continue into 2013 and further tough action might be required, Moody’s said. Peugeot-Citroen reported an […]
Peugeot Prospects Gloomy Despite Plant Action, Cost Cutting
Possible Strike Action, Renewed Market Weakness, Worry Investors “Benefits from the launch of the Peugeot 208 will be more than offset by the extremely tough operating environment in 2012” Peugeot-Citroen’s huge first half losses were no surprise to investors, but despite action to sell assets, shut a plant, and cut costs the company’s prospects still […]
Peugeot-Citroen Talks With Opel-Vauxhall Fail To Excite
Peugeot Link With Mazda, Maruti or Suzuki favoured At Least Talks Show Peugeot-Citroen Knows It Has A Problem GM Might Take Small Stake In Peugeot Almost as soon as news hit that Peugeot-Citroen and Opel Vauxhall might form some kind of an alliance, the nay-sayers broke cover saying it wasn’t a smart to link two […]
Talk Of Alliances Focuses On Troubled PSA Peugeot-Citroen
Finances Look Rocky, As Bottom Line Points To Losses Again In 2012 But Some Investors Think Things Can’t Get Worse And Say Buy Shares PSA Talks The Alliance Talk, But Eschews The Walk When Fiat CEO Sergio Marchionne’s made his plea for more mergers in Europe to combat Volkswagen’s hegemony, all eyes turned to financially […]
Peugeot-Citroen Ratings Cut As Profits Slip Away
Investors Await Cost-Cutting, But Plan Delayed By Election Peugeot-Citroen’s financial ratings were cut by Fitch because its profitability is being undermined by Europe’s crumbling economy. Fitch Ratings said Peugeot-Citroen’s profits were under pressure because weak corporate and consumer confidence, rising unemployment and persistent uncertainty from the government debt crisis were undermining car sales. Fitch cut […]