Asian shares cautiously rise May 11, 2009
"The market is finding it hard to keep surging after rising some 30% from a March low. There's also a torrent of earnings reports this week in Japan and that's keeping trade in check,'' said Kenichi Hirano, operating officer at Tachibana Securities in Japan. Among other major indexes, stocks in Hong Kong and Shanghai rose. Reuters Today in Business Story Tools Despite recession, the world's luxury goods are holding their value. Photos: Some hot new looks for the dapper businessman. Peugeot... (Sydney Morning Herald -- Business)
No diesel for police vehicles grounded May 8, 2009
When former President John Agyekum Kufuor assumed the presidency, he immediately, through a special arrangement with then President Olusegun Obasanjo of Nigeria, augmented the depleted fleet of the Ghana Police Service with over 100 Peugeot cars. This was a time when the serviceable vehicles in the agency stood at less than 150 countrywide. (Ghana Web, Ghana)
Fiat's ambitions: The Italian solution May 8, 2009
By the time we finish with this in the next 24 months, as far as mass producers are concerned, we re going to end up with one American house [Ford or GM, you presume]; one German of size [VW Group]; one French-Japanese, maybe with an extension in the US [the Renault-Nissan alliance]; one in Japan [Toyota], one in China [several possible candidates] and one potential European player [either Fiat or PSA Peugeot Citro n ... France s PSA Peugeot Citro n, though unwieldy, is not about to disappear... (The Economist)
David loses to Goliath in VW-Porsche merger May 7, 2009
"Lower Saxony expects the Porsche and Piech families to agree who will contact the state government for negotiations, a spokesman for the regional government said today by phone. Volkswagen's ties to Porsche go back to Volkswagen's creation under the Nazi regime of Adolf Hitler in the 1930s. Ferdinand Porsche, the grandfather of Ferdinand Piech and Wolfgang Porsche, was the companys first leader. Piechs father, Anton Piech, married Porsche's daughter and became Volkswagen's director. The... (Sydney Morning Herald -- Business)
Fiat sticks to guns on auto giant plan May 7, 2009
Peugeot design competition unearths futuristic three-wheel vehicle. Netbooks have gone from an unheard-of zero to a top-selling hero in barely 18 months. (Sydney Morning Herald -- Business)
Fiat in talks to buy GM Europe May 5, 2009
GM Europe is the continent's third-largest auto group, measured by market share, after Volkswagen AG and PSA Peugeot Citro. n. Last year, GM Europe produced 1. (Globe and Mail -- Business)
Magna vies with Fiat in race for Opel stake May 5, 2009
The key for Fiat in the Opel deal is to gain more heft to compete with French auto makers Renault SA and PSA Peugeot Citro. n in the European mass market, one industry source said yesterday. (Globe and Mail)
Dumb Elephants May 3, 2009
How do you come home to tell your manager that Agya Mpiani offered me a 2008 model Peugeot 607 for the price of a 1986 Opel Kadett and for the love of Ama Ghana, I refused. You would be roasted. (Ghana Web, Ghana)
Chrysler's highway to hell May 1, 2009
It began the road to recovery by hiring now-legendary American businessman Lee Iacocca, who sold Chrysler's loss-making European division to Peugeot. But Chrysler survived thanks to $1. (BBC News -- Business)
Gasoline-Air Hybrid Could Get 50% Better Mileage Apr 28, 2009
A half dozen or so car makers, including France's PSA Peugeot Citro. n SA and Honda Motor Co. of Japan, have signed nondisclosure agreements with the Scuderi Group, the company founded by Mr. Scuderi's family, to be able to study the technology closely, said consultants who are working with the firm. (Fox News)
* Global auto sector likely to be rebuilt after crisis: pundits Apr 20, 2009
He pointed to work between BMW and Peugeot of France, BMW and German rival Daimler, and Mitsubishi of Japan and Peugeot in electric cars. These last are essential for manufacturers and a first wave of prototypes is already being shown at auto shows. (Taipei Times, Taiwan -- Sports)
New-look auto sector could emerge from crisis Apr 19, 2009
He pointed to ongoing work between BMW and Peugeot of France, BMW and German rival Daimler, and Mitsubishi of Japan and Peugeot in electric cars. These last are essential for manufacturers, and a first wave of prototypes is already being shown at auto shows. (Yahoo! Asia News)
Mao sperm ad angers Chinese... Apr 18, 2009
Last year, French car maker Peugeot Citroen apologised for using an advert in Spain which showed Mao as a cross-eyed old man. Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. (The Drudge Report)
Volkswagen Sales Fall 11% in First Quarter on U.S. Decline, Audi Slowdown Apr 18, 2009
Declines in European car-industry sales, including deliveries by PSA Peugeot Citroen, the regions second-biggest automaker, and Fiat SpA, Italys biggest, slowed to 9 percent in March, the smallest drop in six months, as incentives encouraged trade-ins, the European Automobile Manufacturers Association said yesterday. Volkswagen-brand sales fell to 876,000 cars and SUVs, the company said today. (Bloomberg -- Germany)
* European car sales fell 9 percent last month: industry Apr 17, 2009
French manufacturers Renault, PSA Peugeot Citroen, Japanese rival Toyota and US maker Ford all experienced falls more or less in line with the overall market. Sales by US-based General Motors, propped up by the US government and in danger of bankruptcy, dropped 20 percent. (Taipei Times, Taiwan -- Sports)
On Hamburg Cove, a tradition lives on Apr 16, 2009
The chain of events that followed eventually led to selling French Peugeots in the 1980s, a move that turned out to be lucrative for the company. "Peugeot was very good for us. The timing was pretty good. The car appealed to a lot of people in this area, and Peugeot as a manufacturer treated you far better than we've ever been treated by anybody else," said Wayland. (Shoreline Times, CT)
Henkel Plummets Most in 11 Years After First-Quarter Profit Declines 33% Apr 11, 2009
European car sales plunged 18 percent in February as the recession stifled demand for PSA Peugeot Citroen, Mercedes-Benz and BMW models, the steepest drop since data recording began in 1990. We do not expect an improvement for the adhesives segment in the coming quarters said an analyst at Equinet AG in Frankfurt. (Bloomberg -- Germany)
Video: How You Can Appreciate Le Mans Racing Though Truth In 24 Apr 9, 2009
The plot centers on the 2008 duel between upstart Peugeot and the Audi teams that had won seven of the previous 24 Hours of Le Mans competitions. What makes the documentary so compelling, though, is the masterful storytelling of NFL Films helped by uncommon behind-the-scenes access. (Yahoo! Wire -- Entertainment News)
VW Scirocco blows into SA Apr 9, 2009
Contact: Peugeot Menlyn 012 369 9800. Renault Megane Shake It. (iAfrica.com)
BMW X5 and X6 go big Apr 7, 2009
Contact: Peugeot Durban 031 335 1200. Toyota Rav 4 1. (iAfrica.com)
Detroit Sites Apr 4, 2009
The includes Benz, Bosch, Bugatti, Chevrolet, Chrysler, Citroen, Daimler, Dodge, Durant, Duryea, Ferrari, Ford, Honda, Maybach, Olds, Peugeot, Porsche, Renault, Sloan and Toyoda, among others. At 21400 Oakwood Blvd. Dearborn. (KFOXTV.com, TX)
Can These Jobs Be Saved? Apr 4, 2009
The move provoked a furious public outcry including denunciations from two government ministers, and the firm quickly backtracked, saying it had been a "communication error." For companies receiving government bailout money, the pressure is even more intense: French President Nicolas Sarkozy has told Renault and Peugeot that the price for receiving subsidies during the crisis is that the auto makers cannot cut jobs in France. 1. (Time.com)
Mitsubishi Charges Up Goals For Electric Car Apr 4, 2009
Mitsubishi Motors plans to sell the i MiEV -- which can be recharged from a regular home socket -- in Europe through Peugeot Citroen PSA in 2010, and sales to individual consumers in Japan are planned for 2011. The potential growth of such "green" cars is offering a glimmer of hope for the world's automakers, which are struggling to cope with plunging auto demand caused by the global economic slowdown and credit crunch. (KSBW 8, CA)
* Obama shakes global car industry Apr 3, 2009
The ouster of Rick Wagoner and Christian Streiff as chief executives of General Motors (GM) and Peugeot Citroen on Monday sent tremors through the boardrooms of the battered auto industry ... Streiff, victim of a boardroom coup, was not even thanked for his stint as Peugeot chief in a curt statement from chairman Thierry Peugeot, who is appointing Corus boss, Philippe Varin, to succeed him ... Streiff, the former deputy chief executive of glassmaker St Gobain and who reportedly suffered a... (Taipei Times, Taiwan -- Sports)
Chrysler's full circle Apr 1, 2009
It began the road to recovery by hiring now-legendary American businessman Lee Iacocca, who sold Chrysler's loss-making European division to Peugeot. While the administration sees promise in this deal, substantially more needs to be accomplished to make this plan viable. (BBC News -- Americas)
World stocks plummet as auto sector reels Apr 1, 2009
" onclick="Next();" src="/images/butt_next. no-one should expect quick fixes to the current economic malaise," said analyst Dermot O'Leary at Goodbody Stockbrokers. Ahead for investors this week are the G20 summit on the financial crisis and the ECB's latest rate decision, both due Thursday, while Friday sees the release of key US jobs data. In early European trade Monday, London dropped 2.30 per cent, Frankfurt dived 3.49 per cent, Paris slumped 2.89 per cent, Madrid shed 3.26 per cent and... (Channelnewsasia.com)
Honda cuts U.S. output amid GM, Chrysler woes Apr 1, 2009
France's number two manufacturer behind PSA Peugeot Citroen, said its own sales were up 12. 8 per cent, helped by a scrapping incentive. (Globe and Mail -- Business)
Business Briefs Mar 30, 2009
France's biggest car maker, Peugeot-Citroen, ousted CEO Christian Streiff yesterday, saying "exceptional difficulties" confronting the auto in dustry require new man agement at the top ... Peugeot board member Roland Vardanega will preside over the company until then. (New York Post -- Business)
Rick Wagoner to step down from GM... Mar 30, 2009
His departure came as Peugeot Citro n ousted Christian Streiff, its chief executive, as the French carmaker also struggles with falling sales. GM has received $13. (New York Post -- Business)
GM CEO Wagoner to step down, Peugeot-Citroen CEO ousted Mar 30, 2009
GM CEO Wagoner to step down, Peugeot-Citroen CEO ousted ... GM CEO Wagoner to step down, Peugeot-Citroen CEO ousted ... Meanwhile in France the country's biggest carmaker, PSA Peugeot-Citroen, abruptly ousted CEO Christian Streiff on Sunday, saying "exceptional difficulties" confronting the auto industry require new management at the top. (The Star Online, Malaysia)
Top French Carmaker Ousts CEO Christian Streiff Mar 30, 2009
Carmaker Peugeot-Citroen ousts CEO Streiff, citing need for management change ... France's biggest carmaker, PSA Peugeot-Citroen, ousted CEO Christian Streiff on Sunday, saying "exceptional difficulties" confronting the auto industry require new management at the top ... Peugeot-Citroen last month announced a net loss of euro343 million ($433 million) in 2008 compared with a net profit of euro885 million a year earlier. (ABC News -- Wire)
GM CEO Forced out as U.S. to Give Automakers More Time Mar 30, 2009
The board of France's PSA Peugeot Citroen fired CEO Christian Streiff and replaced him with Philippe Varin, who will take up the position on June 1, the company said in a statement. Peugeot last month posted a $460 million net loss and said it expected to stay in the red until 2010. (ABC News -- Wire)
GM, Chrysler rocked by Obama autos team hard line Mar 30, 2009
The moves came after Europe's second-biggest carmaker by sales PSA Peugeot Citroen ousted CEO Christian Streiff, replacing him with former Corus head Philippe Varin from June 1 ... 4 percent by 1000 GMT, while PSA Peugeot Citroen fell 7 ... In France PSA Chairman Thierry Peugeot said in a statement the exceptional difficulties faced by the industry warranted a change in management, but Streiff defended himself saying his policies had equipped the group to weather the storm. (Yahoo News -- Top Stories)
Peugeot's Streiff in strife Mar 30, 2009
Peugeot board sacks boss Streiff ... Peugeot board sacks boss Streiff ... PSA Peugeot Citroen has ousted chief executive Christian Streiff as France's biggest carmaker struggles to cope with the global economic crisis. (Sydney Morning Herald -- Business)
Peugeot May Seek Partnerships to Survive as Varin Replaces Ousted Streiff Mar 30, 2009
Peugeots Varin May Seek Partnerships as Carmaker Ousts Streiff - Bloomberg ... Peugeots Varin May Seek Partnerships as Carmaker Ousts Streiff ... New partnerships are what Peugeot needs going forward, Pearson said. (Bloomberg -- Europe)
Top French carmaker ousts CEO Mar 30, 2009
PARIS (AP) France's biggest carmaker, PSA Peugeot-Citroen, abruptly ousted CEO Christian Streiff on Sunday, saying "exceptional difficulties" confronting the auto industry require new management at the top ... Peugeot-Citroen last month announced a net loss of about $453 million in 2008 compared with a net profit of $1 ... Two days after the rescue package was unveiled, Peugeot-Citroen announced plans to cut 11,000 jobs this year, after losing 18,000 jobs about 10% of the work force since the... (USA Today -- Autos)
Top 10 movie car chase scenes Mar 28, 2009
In unbelievable realism, viewers are treated to chase scenes with sport sedans such as a BMW M5, Peugeot 406 and, perhaps most famously, an Audi S8 ... There are few actors that can capture the mixture of terror and exhilaration involved in a car chase quite like De Niro, while Jean Reno is the only actor who could make driving a Peugeot an exercise in steely manhood. (CNN)
What Good News? Pink Slips Still Pour In Mar 28, 2009
Like its U.S. counterparts, French car company Peugeot also received billions in government aid but still recently slashed thousands of jobs. Peugeot, which received $4 billion in aid from the French government, plans to cut its workforce by up to 12,000 jobs. (ABC News -- Business)
Champ Car phenom Bourdais struggling in F1 Mar 27, 2009
"I got the opportunity to drive these (sports) cars as early as 2000,'' Bourdais said last week in Sebring, Fla., where he was part of a Peugeot team that finished second in the annual 12-hour American Le Mans Series season-opener. "Back then it was the biggest car I'd ever driven and it was cool. "I come from Le Mans and I always liked the atmosphere in endurance, the intensity that builds in the week leading to the race and the history of places like Le Mans, Daytona and Sebring. I've always... (SportsIllustrated.CNN -- Racing)
Mills' Boys Drive Posh Cars Mar 27, 2009
In the case of the Castle Staffers, their vehicles consist of latest 2007 and 2008 sleek Peugeot 607; Benz and Crysler Salon Cars and other Four Wheel vehicles that include Lincoln Navigator and Ford Expedition ... Mr. Koku Anyidiho drives a Peugeot 607 Salon car with registration number GT 4161-09; Nii Lantey Vanderpuiye; Peugeot 607 with registration number VR 107-09 and John Abdulai Jinapor, Peugeot 607 with registration number GR 3870-09. (Ghana Web, Ghana)
Sacked French workers take to 'boss-napping' Mar 26, 2009
"This sort of thing will inevitably happen again," said Bruno Lemerle of the CGT union in the Peugeot car plant in Sochaux, France's biggest factory. "Those who sow misery reap fury. The violence is done by those who cut jobs, not by those who try to defend them," he said. (Sydney Morning Herald -- Business)
Payoff for French executive stirs anger Mar 25, 2009
Reuters Published: March 24, 2009. A hefty payoff for the outgoing chief of the French car parts supplier Valeo, which has received state aid and is preparing job cuts, threatens to create a new backlash here against corporate bonuses similar to the recent outcry in the United States and Britain. (International Herald Tribune -- Business)
Veteran trio drives Audi to another Sebring win Mar 22, 2009
SEBRING, Florida (AP) -- Audi's Allan McNish, Tom Kristensen and Rinaldo Capello outdueled a Peugeot shared by Franck Montagny, Sebastien Bourdais and Stephane Sarrazine on Saturday to win a battle of diesel-powered prototype sports cars at the 12 Hours of Sebring ... A tire puncture late in the ninth hour cost the second-place Peugeot about 45 seconds and put it out of sequence on pit stops, a situation that turned out to be key ... McNish, who took over the winning car for the final two hours,... (SportsIllustrated.CNN -- Racing)
France sparks EU car brawl Mar 22, 2009
A "surprised" Neelie Kroes, the European Union competition commissioner, dubbed the move illegal state aid in flagrant contradiction of Chatel's previous assurances that the bail-out of Renault, Peugeot, Citroen and their suppliers would not entail preferential treatment for French companies. Ms Kroes approved the aid scheme only after receiving Chatel's guarantees. (Sydney Morning Herald -- World)
Tough track, half-day of racing challenge teams Mar 21, 2009
"You know, when you're driving a brand new car in an endurance race, and especially on a demanding track like this one, it can be a very, very long day,'' said Brabham, who will co-drive one of two all-new Acura ARX 02a in the 57th edition of America's oldest sports car race. The season-opening American Le Mans Series event, which gets under way at 10:30 a.m., includes cars running in four classes. But most of the focus will be on the elite LMP1 category that includes two of the radically... (SportsIllustrated.CNN -- Racing)
France swerves to avoid split Mar 21, 2009
Renault and Peugeot Citroen are each getting 3bn euros ($4bn; 2. 8bn) in French state loans, having given assurances that they will keep French plants open. (BBC News -- Europe)
CHAT TRANSCRIPT: James R. Healey answers your car questions Mar 21, 2009
Shrewsbury MA: I am thinking of buying a 1991 Peugeot 505S Turbo Wagon ... Peugeots can be very satisfying cars; comfy, technically advanced, handsome. (USA Today -- Money)
German car industry hit by global financial downturn Mar 20, 2009
According to German media, not only German carmakers BMW and Daimler have rejected, but also French, PSA Peugeot Citroen, Indian car maker Tata and the Chinese producers Geely and Cherry. Nevertheless Merkel will be reluctant to see Opel collapse before the general election in September, as its demise would go down badly with voters, analysts said. (Xinhuanet, China)
New cars fuel competition, questions at Sebring Mar 19, 2009
Peugeot has yet to win an ALMS race and it doesn't have a new car ... The new cars will face a challenge in the American Le Mans Series' elite LMP1 class from another diesel-powered entry - the returning Peugeot 908 HDi ... "Obviously, the Peugeot is not a new car so, in terms of knowing the car and reliability, Peugeot has the advantage,'' noted David Brabham, who will co-drive one of two new Acuras. "I think Audi and ourselves are still learning and understanding our new cars. (SportsIllustrated.CNN -- Racing)
Major F1 rule changes Mar 18, 2009
Contact: Peugeot Durban 031 335 1200. Not your dream car. (iAfrica.com)
POWER PROTOTYPE: Acura ready to take shot at Le Mans Mar 18, 2009
The 57th running of the classic endurance race in central Florida will bring together Acura, Audi and Peugeot for the first -- and probably only -- race this year in the most technologically advanced sports cars on earth ... "[Audi and Peugeot] are duking it out in Europe and at Le Mans. Those are two serious programs." ... Acura, Audi and Peugeot are entering two cars each at Sebring. (SportsIllustrated.CNN)
Ford, Toyota Forecast Russian Sales Plunge as Oil-Fueled Economy Falters Mar 17, 2009
She had planned to buy a western brand this year, putting in an order for a car from PSA Peugeot Citroen costing 350,000 rubles ($10,027) before deciding to cancel it. Its the crisis - that scary word that everyone is afraid of, the 25-year-old Moscow consulting firm employee said in explaining her decision. (Bloomberg -- Europe)
The French economy: Back in the driving seat Mar 14, 2009
6 billion) rescue of Renault and PSA Peugeot Citro n, two carmakers, captures the French political mood. It prompted little debate over whether the state should bail out car manufacturers with public money, or even whether such state aid would distort competition. (The Economist)
Jobs: ‘Like we're about to fall off a cliff' Mar 11, 2009
As auto makers PSA Peugeot Citro. n and Renault SA closed production lines, for example, thousands of their workers were sent home on reduced salaries. (Globe and Mail)
Territory diesel is go Mar 9, 2009
0-litre V6 turbo-diesel jointly developed by Jaguar-Land Rover and Peugeot. Diesel prototypes are currently on the road being developed, with introduction slated for the first half of 2010. (Sydney Morning Herald -- Technology)
Naza confident of higher profit growth Mar 7, 2009
The plant produces 14 models under the Kia, Peugeot and Naza brands. Nasarudin says more new models will be launched this year, including Kia Forte in the second quarter; Kia Soul, Kia Suria, Kia XM and Peugeot 207 in the third quarter; and Peugeot Prologue in the fourth quarter ... So far this year, it has launched the facelifted Peugeot 407 and Peugeot 308. (The Star Online, Malaysia -- Business)
Job Cuts Scrape Levels Not Seen in 60 Yrs Mar 7, 2009
Like Chrysler, top U.S. automaker General Motors and French car company Peugeot have also received billions in government aid but still recently slashed thousands of jobs. Peugeot plans to cut its work force by up to 12,000 jobs, despite a recent $4 billion bailout by the French government, while GM also announced last month that it would cut 10,000 jobs by May and continue global layoffs through the year. (ABC News)
Opel rescue debated as Conti board meets on Schaeffler Mar 6, 2009
German newspaper Sueddeutsche Zeitung reported that France's PSA Peugeot Citroen was in talks to extend its engine partnership with Germany's BMW. (Reporting by Paul Carrel, Lewa Pardomuan, Risa Maeda, Viparat Jantraprap, Cheon Jong-woo, Rhee So-eui, Braden Reddall, Huw Jones, Pete Harrison and Ralf Banser; editing by Elaine Hardcastle). (International Herald Tribune -- Health)
Analysis: Automotive software, hardware focuses on head unit Mar 6, 2009
Nevertheless, after a group of automotive OEMs including BMW and PSA Peugeot Citroen along with major tier ones plus microprocessor vendor Intel had announced their Genivi open source alliance, Microsoft had to signal it is ready to enter this market even faster ... With industry heavyweights such as BMW, PSA Peugeot Citroen, Delphi, Magneti Marelli and Intel, the likelihood is rather high that Genivi can attract third-party vendors. (EETimes)
Auto alliance targets open-source platform development Mar 4, 2009
The Genivi Alliance unveiled on Monday (March 2) includes auto makers BMW, General Motors and PSA Peugeot Citroen along with parts suppliers Magneti Marelli and Visteon Corp. along with Intel Corp. and Wind River. The founding members said they will collaborate to create the Genivi platform, which is billed as a common software architecture scalable across different product lines and versions. (EETimes)
Despite slide in fortunes, automakers reluctant to combine Mar 4, 2009
That is still not enough to prompt consolidation among carmakers like BMW, General Motors and PSA Peugeot Citren ... GM; Fiat; Bayerische Motoren Werke, more widely known as BMW; Peugeot; and Daimler, the owner of the Mercedes-Benz brand, have also refused to comment on consolidation options ... In addition to the deal with Chrysler, the third-biggest U.S. automaker, after GM and Ford Motor, Sergio Marchionne, the Fiat chief executive, on Jan. 22 acknowledged that he had an interest in Peugeot,... (International Herald Tribune -- Business)
Need to know: Porsche slows down... Mar 3, 2009
1 per cent, with Citro n, Peugeot and Renault hit hardest. NeutraHealth: The distributor of vitamins and alternative remedies confirmed that the unsolicited offer approach from India s Elder Pharmaceuticals of 5. (New York Post -- Business)
France, Germany want more money for auto bailouts Mar 2, 2009
"These are global players," said Sarkozy of French car makers Renault SA and Peugeot Citroen PSA. ... 95 billion) in loans for Renault and Peugeot Citroen PSA.. (The Star Online, Malaysia -- Business)
Opel awaits aid news; Porsche profit falls Mar 2, 2009
6 per cent decline in January, according to industry figures Manufacturers, some of which are relying on government aid earmarked for research into emissions-cutting technologies, are expected to put the spotlight on their green initiatives at the Geneva show and Mitsubishi Motors announced on Monday that it would work with France's PSA Peugeot Citroen on a new electric car. In Germany, Porsche unveiled a drop in first-half operating profit but said earnings rose thanks to gains from its... (Globe and Mail -- Business)
Ailing in the east Mar 2, 2009
In a television interview, Mr Sarkozy had added that it was unjustified for firms like Renault or Peugeot to make cars in places like the Czech Republic, for sale in France. Mr Sarkozy originally wanted to call a summit of heads of government from the 16 nations that use the euro, but his idea was rejected by Mrs Merkel, in favour of a gathering of all 27 nations, chaired by the Czech Republic (which does not use the single currency). (The Economist)
