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Peugeot SA (PEUP.PA)

PEUP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PSA and ChangAn Automobile to strengthen CAPSA China joint venture
Thursday, 8 Jun 2017 02:00am EDT 

PARIS, June 8 (Reuters) - PSA ::* On June 7th, ChangAn Automobile and Groupe PSA signed an in-depth strategic cooperation agreement to further deepen their cooperation started 6 years ago to establish DS premium brand in China.* Companies' CAPSA joint venture will benefit from the DS ambitious product planning which will consist in launching one new DS product to the Chinese market each year from 2018 onwards.* Groupe PSA will set-up in Shenzhen its DS brand Headquarter for China, Asia Pacific in order to develop synergies on a daily basis with CAPSA in the management of operations in China and to develop exports in the region.* Development plan of CAPSA will be supported by a strong equally shared investment in equity of both ChangAn and Groupe PSA amounting to 3.6 BRMB (€ 500 m) over 2017.* Agreement will also enable both parent companies to strengthen cooperation on joint development of vehicle platform, new energy vehicles, traditional powertrains, intelligent connectivity, overseas operations.  Full Article

VT Holdings acquires 51 pct voting rights of PEUGEOT CITROEN SOUTH AFRICA (PTY)
Thursday, 1 Jun 2017 05:26am EDT 

June 1(Reuters) - VT Holdings Co Ltd <7593.T>:Says it acquired 20.4 million shares (51 percent voting power) of PEUGEOT CITROEN SOUTH AFRICA (PTY) LTD in South Africa, on June 1.Says it increased voting rights in PEUGEOT CITROEN SOUTH AFRICA (PTY) LTD to 51 percent from 0 percent.Acquisition plan was announced on Feb. 17.  Full Article

Carmaker PSA strikes deal with SC Uzavtosanoat to produce vehicles in Uzbekistan
Tuesday, 16 May 2017 03:18am EDT 

May 16 (Reuters) - PSA PEUP.PA::* SC Uzavtosanoat and Groupe PSA sign a joint venture agreement to produce light commercial vehicles in Uzbekistan.* New plant in industrial zone of Jizzakh in Uzbekistan.* Exclusive license to produce light commercial vehicles in Uzbekistan with a production capacity up to 16,000 vehicles per year for local and export markets from 2019.* Project based on Groupe PSA platform and technologies, and on SC Uzavtosanoat supplier network.* Global investments represent around 130 million euros ($143.30 million)..* "We appreciate the established constructive dialogue with the Uzbek teams and personal support of the President of Uzbekistan Shavkat Mirziyoev, which was a determining factor in the creation of the joint venture," Christophe Bergerand, Eurasia Vice-President for Groupe PSA, said in a statement.  Full Article

VT Holdings postpones acquisition effective date for stake in Peugeot Citroen South Africa, to June 1
Monday, 1 May 2017 03:28am EDT 

May 1 (Reuters) - VT Holdings Co Ltd <7593.T> ::* Says it postpones acquisition effective date for stake in Peugeot Citroen South Africa, to June 1 from May 1 previously.  Full Article

Czech car production up 10.7 percent in Q1 -CTK
Friday, 21 Apr 2017 06:30am EDT 

April 21 (Reuters) - :Czech car production up 10.7 percent to 387,342 vehicles in q1 -CTK news agency.  Full Article

PSA Group and Total renew partnership
Wednesday, 29 Mar 2017 12:32pm EDT 

Total SA : PSA Group and Total renew partnership . Total SA - co's partnership with PSA Group covers Peugeot, Citroën and DS Marques Further company coverage: [PEUP.PA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Some jobs could be cut at PSA's Garenne-Colombes site - trade unions
Wednesday, 22 Mar 2017 07:30am EDT 

PSA : PSA eyes closure of research and development activities at Garenne-Colombes, but will keep sales/after-sales business at site -trade unions . 1,650 engineering staff at Garenne site to relocate to other sites near Paris - trade unions . PSA planning to invest extra 60 million euros ($65 million) at Carrieres-sous-Poissy site near Paris - trade unions . PSA announced earlier in March deal to buy Opel from GM [nL5N1GJ0LA] ($1 = 0.9269 euros) Further company coverage: [PEUP.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

New Peugeot Expert and Citroën Jumpy models to be assembled in Uruguay for LatAm market
Wednesday, 15 Mar 2017 08:31am EDT 

PSA : New Peugeot Expert and Citroen Jumpy cars to be assembled in Uruguay for Latin America . PSA Group and its partners, EASA and Nordex, have signed an assembly contract that will allow PSA to step up its light commercial vehicles (LCV) offering in Latin America. . With a capacity of 6,000 vehicles per year, production will be mainly destined for the Brazilian and Argentinian markets . PSA Group aims to double light commercial vehicle sales in the region to reach 60,000 units by 2021 Further company coverage: [PEUP.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Duerr CEO says a takeover of Opel by PSA could offer potential
Thursday, 23 Feb 2017 05:03am EST 

Duerr CEO : Says dividend will rise around as much as net profit, up 12 percent, to make proposal in March . Says PSA acquisition of Opel would not be unsettling for us, could offer potential Further company coverage: [DUEG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

UK PM May speaks to Peugeot chairman Tavares- PM's office
Wednesday, 22 Feb 2017 03:25pm EST 

: PM May spoke to chairman of PSA Peugeot-Citroen Carlos Tavares this afternoon- PM's office . UK PM May, Peugeot chairman Tavares discussed desire to protect and promote the jobs Vauxhall's plants supports- PM's office . UK PM May, Peugeot chairman Tavares discussed 'shared goal' of strengthening UK's automotive supply chain- PM's office Further company coverage: [PEUP.PA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

EU mergers and takeovers (Aug 8)

BRUSSELS, Aug 8 The following are mergers under review by the European Commission and a brief guide to the EU merger process: