Top Margin Menu

Tag Archives | Citroen

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 […]

Continue Reading · 0

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 […]

Continue Reading · 0

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 […]

Continue Reading · 0

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 […]

Continue Reading · 0

Renault Pressured, But Benefits From Peugeot Comparisons

Investors Have Faith In Big New Model Programme Renault’s first half operating profit fell nearly 20 per cent, but its forecast of positive operating profit in the second half calmed investors still reeling from Peugeot-Citroen’s more negative outlook. “Renault did say that it expected second half Automotive operating profit to be positive with price/mix improving […]

Continue Reading · 0

Site Designed and Administered By Paul Cox Photographic