PARIS Free2Move, the car rental and car-sharing business developed by French automaker PSA Group , now has the capacity to start to court new outside investors, its chief executive Brigitte Courtehoux said.
PARIS/TOKYO Record losses reported this week first by Nissan then its alliance partner Renault confirmed a harsh reality - automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.
PARIS French carmaker Renault said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan .
PARIS/TOKYO, July 29 When the French part of the
Renault-Nissan alliance reports its results on Thursday,
investors expect confirmation of a harsh reality: automakers
that already had weaknesses are having them mercilessly exposed
by the COVID-19 epidemic.
PARIS Peugeot maker PSA Group delivered a profit in the first half of the year even as the COVID-19 pandemic hit revenue, and said a strong sales rebound in June in its core European markets had extended into July. | Video
PARIS PSA Chief Executive Carlos Tavares is confident a $50 billion merger of the maker of Peugeot vehicles with Fiat Chrysler (FCA) will proceed as planned and deliver synergies of at least 3.7 billion euros ($4.2 billion).
PARIS/FRANKFURT The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.
MILAN/PARIS Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.