PSA Of France’s Profits Spotlight Ford Europe, Fiat Weakness. “We struggle to see reported margins as indicative of the true strength of OV’s turnaround” France’s PSA Group is making money again and putting huge pressure on laggards like Ford Europe and Fiat, which could force them into take some hard decisions including withdrawal from the […]
Tag Archives | PSA
PSA Stuns Investors With Strong Profits
PSA Stuns Investors With Strong Profits. Even Opel Vauxhall Makes Money For The First Time This Century. Achievement More Notable As Main Rivals Struggle. Could PSA Work Its Magic To Help Struggling Ford, Fiat? PSA Group first half profits soared more than 40 per cent and included a barely believable half billion euro contribution from […]
PSA Sales Surge Camouflages Opel-Vauxhall Struggle
PSA Sales Surge Camouflages Opel-Vauxhall Struggle. “Tavares seems to make the mistake of changing things too fast and starting a dangerous downward spiral in sales” “PSA is working intensely on (OV) pricing and doing a proper job of cleaning up a very ugly business” PSA’s take-over of Opel-Vauxhall allowed it to make the claim that […]
PSA Raises Earnings Despite Opel-Vauxhall Handicap
PSA Raises Earnings Despite Opel-Vauxhall Handicap. The Jury Is Out On Viability Of Takeover. “Reviving the loss-making operations formerly owned by General Motors will be tough unless boss Carlos Tavares can find further cost cuts” PSA Group increased sales and profits to records in 2017, despite being held back by losses from its newly acquired […]
PSA Finds Opel-Vauxhall Lags Badly In Race To Cut CO2
PSA Finds Opel-Vauxhall Lags Badly In Race To Cut CO2. Faces Big Hurdle Anyway As Diesel Demise Continues. Opel-Vauxhall Plan Relied Heavily On Loss-Making Electric Car. “If only PSA had picked up the phone and asked us, we could have told them before they completed the deal,” PSA Group is reportedly claiming compensation from General […]
PSA Opel Plan Said Over-Optimistic; Only A Hint Of Harshness
PSA Opel Plan Said Over-Optimistic; Only A Hint Of Harshness. Surprising Omission Of Capacity, Headcount Cuts. Call To Dump Vauxhall Denied By Tavares. “Many questions remain” “Opel-Vauxhall loss-making is not just going to go away. Something quite dramatic and credible will have to be done” PSA Group of France’s decision to buy chronic loss-maker Opel-Vauxhall […]
Opel-Vauxhall To Focus On Electrification, Expand Globally
Opel-Vauxhall To Focus On Electrification, Expand Globally “Opel will enter more than 20 new export markets by 2022 (and) explore global midterm overseas profitable export opportunities” Opel-Vauxhall, sold to France’s PSA Group by General Motors, plans to concentrate on electrification and expand its sales outside of Europe for the first time. Opel-Vauxhall, outlining its long-term […]
PSA Restructuring Plan May Slash Opel-Vauxhall Jobs, Factories
PSA Restructuring Plan May Slash Opel-Vauxhall Jobs, Factories. In the first half of 2017, PSA generated a profit of €913 per vehicle, while Opel-Vauxhall lost €686 per vehicle in the first quarter of 2017. Up to 6,000 jobs could go and some factories could be closed Thursday when France’s PSA Group announces its restructuring plan […]
PSA Sales Power Ahead As Investors Await Opel Plan
PSA Sales Power Ahead As Investors Await Opel Plan. Up To 6,000 Job Losses Expected. “In the first half of 2017, PSA generated a profit of €913 per vehicle, while Opel-Vauxhall lost €686 per vehicle in the first quarter of 2017” PSA Group raised its automotive sales by 12 per cent in the third quarter […]
PSA Gingerly Tests U.S. Temperature For Full-Blooded Return
PSA Gingerly Tests U.S. Temperature For Full-Blooded Return. “This will give us tremendous insight into how we can structure our sales, service and repair network as we move toward providing automobiles in the future,” You can’t accuse PSA Group of France of rushing in where angels fear to tread. It has expressed the wish to return […]