But Peugeot Will Still Lose More Than €1 Billion In 2009 Peugeot is feeling a little better about its prospects and said its losses in 2009 will probably be closer to €1 billion than €2 billion, but still feels less than ecstatic about the prospects for 2010. Peugeot-Citroen CEO Philippe Varin told a meeting at […]
Tag Archives | Peugeot
Peugeot i-MiEV Car Deal With Mitsubishi Starts Alliance Talk
Peugeot Doesn’t Really Deny The Deal Deutsche Bank Sees Little Point In An Alliance Peugeot-Citroen’s decision to buy Mitsubishi’s i-MiEV battery powered car set the rumour mill buzzing that the French company might be planning a deeper alliance with the Japanese. Peugeot didn’t really shoot the report down, with a spokesman saying there was nothing […]
Peugeot’s Losses Huge, S&P Cuts Rating To Junk Status
No Signs Of The Black Stuff Until 2011, At The Earliest Peugeot’s losses were not as awful as its compatriot Renault, and analysts were impressed by its move to cut net debt to €2 billion, but Peugeot still expects to lose between €1 billion and €2 billion for the whole year. Peugeot recorded a net […]
Peugeot-Citroen Losses Could Hit €2 billion In 2009
Target of Breakeven in 2010 Looks Less Likely Peugeot-Citroen warned investors that losses could reach €2 billion in 2009 if France doesn’t extend its scrapping incentive scheme. Losses will reach at least €1 billion, said Peugeot. If France doesn’t extend the scrapping scheme past the end of 2009, Peugeot-Citroen will have to cut production in […]
No Mergers, Takeovers For Peugeot
Growth In New Markets Likely To Be Undertaken With Partners. Idea That Family Control Might Be Diluted Takes A Beating. Peugeot isn’t about to merge with another big company like Fiat, Ford Europe or BMW, but will seek partners to maximise sales in new markets. Thierry Peugeot, chairman of the Peugeot supervisory board, had sparked […]
Peugeot Sales Dive, Outlook Gloomy
Company Said To Be In A “Distressed” Condition. PSA Peugeot Citroen unveiled its sales figures for the first quarter and reiterated its gloomy prognostications for the year. Sales of assembled vehicles fell 23.5 per cent to 619,000, and kit cars shipped mainly to Iran fell 18.7 per cent to 713,000. Peugeot said production in the […]
Peugeot’s New Management Faces Some Tough Decisions
Did Streiff Aggravate Peugeot Family, Or Government, Or Both? Overcapacity, Platform Sharing, Need For Faurecia Under Spotlight. “It wasn’t what he did, it was the way that he did it,” is one view seeking to explain former PSA Peugeot CEO Christian Streiff’s demise, although others take a different slant. According to Nomura International, investors shouldn’t […]
Peugeot Survival Looks Assured Thanks To Government Help
Cheap Loan Avoids Rights Issue Blow. Small Car Portfolio Ideal To Exploit Scrappage Plans. Peugeot-Citroen lost almost €350 million last year and is likely to lose more than €1 billion this year, but still has some supporters among investors. According to Nomura International, Peugeot-Citroen’s finances deteriorated faster than expected in 2008, and earnings and cash […]
Peugeot-Fiat-Chrysler Would/Could Be World’s 3rd Largest
Italy’s Fiat shot down the rumor, sort of, saying reports that it was planning to raise a loan to merge with Peugeot-Citroen of France were “groundless”. According to Italian investment bank UniCredit, a combination of Peugeot, Fiat and Chrysler would be the third largest auto company in the world after Toyota and General Motors with […]
Peugeot 308 SW review
Practical, Well Designed, Versatile. Is It A Bird, A Plane, An Estate Car, An MPV? Pricey And Likely To Get Pricier. **** out of 5 I admire cars like the Peugeot 308 SW. This car was designed from the ground up to do a job, with no pandering to frivolities. If the possibility of making […]