Investors Relieved By French Election As Round 2 Looms. “Our economists see a Macron win as most likely and importantly they also see little change to the economic outlook in that scenario” French auto stocks Renault and Peugeot both zoomed ahead after opinion polls indicated a candidate favourable to industry, the centrist candidate Emmanuel Macron, […]
Unions Silent After News The new French government pushed back from its initial aggressive stance on Peugeot’s plan to shut production in France and conceded that the company had little choice given its current financial circumstances and the state of the market. The government, in a report, said Peugeot could go ahead with its cuts, […]
Change Of Government Makes Output Cuts Problematical French Parliamentary Elections May Show Where Policy Is Going Peugeot-Citroen shares have slid over the last three months from about €14 to about €8.5 as investors reckoned that long-discussed plans to cut unprofitable production wouldn’t survive the Presidential election. Not that there was any great belief that a […]
Peugeot Bean Counters May Have To Delay Action French Parliamentary Elections Will Decide Whether President Can Act Adam Smith’s Bond Vigilantes May Have The Ace In The Hole The European automotive industry looked to the French presidential election to produce a catalyst for action. If incumbent Nicolas Sarkozy had won, then the long-delayed plans to […]
But Fear Of Political Interference Undermines Renault, Peugeot Peugeot-Citroen and Renault of France continue to lag Volkswagen as investor favourites, and the looming French presidential election next May is thought by some to be curbing needed restructuring. Le Monde newspaper leaked a story earlier this month that Peugeot was planning to shut the Aulnay-sous-Bois plant […]
Renault’s Ghosn will announce new long-term plan Best Not To Mention ““Renault Commitment 2009” Renault and Peugeot-Citroen both plan to repay early, the €3 billion loans they each received early in 2009 from the French government to help tide them over the most difficult part of the recession. Both loans carried a six per cent […]
