Tag: Peugeot

• Saturday, January 9th 2021 - 09:06 UTC

  FIAT and Peugeot merge to create world's fourth largest auto company

  

  Shareholders of Fiat Chrysler Automobiles (FCA) and Groupe PSA (Peugeot) voted to merge the U.S.-Italian and French carmakers to create the world’s fourth-largest auto company by volume.

• Thursday, December 19th 2019 - 09:02 UTC

  Fiat/Chrysler and Peugeot's PSA confirm merger creating world's fourth largest carmaker

  

  Fiat Chrysler and rival PSA Group, owner of Peugeot and Vauxhall, have confirmed a US$ 50bn merger deal. The merger is aiming for annual cost savings of US$ 4bn through shared purchasing agreements and combined technologies, will create the world's fourth-largest carmaker.

• Thursday, October 31st 2019 - 08:57 UTC

  A new auto giant in the making: Fiat Chrysler and Peugeot

  

  Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a US$50 billion automaker. The announcement could be made this same week.

• Monday, March 6th 2017 - 17:53 UTC

  General Motors abandons Europe: sells Opel and Vauxhall to Peugeot

  

  United States General Motors is dropping its unprofitable European car business to the French maker of Peugeot, marking the American company's retreat from a major market and raising concerns of job cuts in the region.

• Friday, February 21st 2014 - 07:15 UTC

  Chinese flair for France's second largest automobile group, PSA Peugeot-Citroen

  

  Struggling French carmaker PSA Peugeot Citroen has sealed a long-awaited rescue deal that will see its founding family cede control of the company. China's Dongfeng Motors and the French government will each invest about 800m Euros in return for 14% stakes. Another 1.4bn Euros will be raised from existing investors in Peugeot.

• Friday, November 18th 2011 - 05:27 UTC

  Peugeot and GM Argentina promise not to remit dividends for two years

  

  The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.