Edition:
United States

Gilles Guillaume

PSA's car sharing service can now seek new investors, CEO says

Aug 06 2020

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.

Bad timing: COVID compounds woes of Renault-Nissan alliance

Jul 30 2020

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.

Renault handed 'wake-up call' with record 7 billion euro loss

Jul 30 2020

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 .

Bad timing: COVID compounds woes of Renault-Nissan alliance

Jul 29 2020

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.

Peugeot maker PSA upbeat on strong rebound

Jul 28 2020

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

Peugeot CEO confident Fiat Chrysler merger is on track

Jun 25 2020

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).

Coronavirus raises stakes as auto unions ready for a fight

Jun 18 2020

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.

Vans, not glamorous, but key as EU weighs autos mega-merger

Jun 18 2020

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.

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