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Found 10 results

  1. It has been hinted at and rumored for a few years. But today, PSA Peugeot Citroën announced they would be making a return to the U.S. During a presentation for analysts and investors at PSA's headquarters in Paris, CEO Carlos Tavares unveiled a ten-year plan that could result in the launch of Citroën, DS, and Peugeot vehicles to the U.S. The plan would be split up into three steps. Step one: Enter the U.S. as a mobility operator from 2017, possibly with Bollore,” said Tavares. Bollore is a French company that builds batteries and compact EVs that are mainly used by a French car-sharing service, Autolib. Citroën and Bollore are currently working together to bring a concept EV into production. Step two: Start up a car-sharing program (i.e. Zipcar, GM's Maven) that would be owned and operated by PSA. Step three: If the first two steps are successful, PSA could return “to sell cars in the U.S. supported by regional sourcing when appropriate,” Tavares said. Tavares says PSA has formed a team to study the U.S. market, what customers like and dislike; and the regulatory requirements. As Automotive News notes, this is wildly different than the plan provided by Yves Bonnefont, CEO of DS back in 2014. Bonnefont explained the strategy was to sell DS vehicles in 200 large cities around the world after 2020 - including the U.S. “We want to make DS a global premium brand, and you cannot be global without the U.S.,” said Bonnefont. Why ten years? A possible reason may come down to PSA Peugeot Citroën not having any presence in the U.S. As we noted in our report last month, PSA doesn't have any connections to dealers or manufacturers. Also, PSA closed down their U.S. office in 2013 as a way to cut costs. Source: Automotive News (Subscription Required)
  2. William Maley Staff Writer - CheersandGears.com November 14, 2012 The talks between General Motors and PSA-Peugeot/Citroën have come to halt. According to Reuters, the talks were stopped due to worsening finances and a government-backed bailout. As we have been reporting since February, General Motors and PSA have been in talks about expanding their alliance. Rumors have ranged from 50/50 deal, selling Opel to PSA, buying up PSA's auto division, and putting Citroën, Opel, and Peugeot into one new entity. Sources close to talks tell Reuters the talks have been off after Peugeot agreed to take a bailout from the French Government. Peugeot/Citroën are currently burning through 160 million euros (about $200 million) a month. Taking the bailout also means PSA can't shed anymore jobs and factories, nor make any deeper ties with GM. "They now consider that any deeper tie-up is unlikely before 2014, when the market picks up," a source told Reuters. "The government bailout conditions rule out French job cuts, which means a deal can't happen any faster. It would be politically impossible to have all the cuts falling on the German side." For the time being, GM and PSA's basic agreement stands. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. Related Stories: An Alliance Is Formed: GM Buys 7% Stake Into PSA Peugeot Citroën Rumorpile: Is There More To The GM-PSA Deal? GM and PSA Announce Four New Co-Developed Platforms
  3. William Maley Staff Writer - CheersandGears.com September 6, 2012 The General Motors, PSA alliance has hit a wall. According to German news magazine, Der Spiegel, one part of GM-PSA alliance has been taken out. The part dealt with GM sharing the Insignia platform with Citroën and Peugeot to build their next-generation midsize sedans.That would also allow Citroën and Peugeot vehicles to roll off the line at the Rüsselsheim plant, thus allowing the plant to use up all available capacity. Why was this part taken out? Der Spiegel says Buick and GM China complained, stating the deal would cause the vehicles to compete too closely. Managers are also questioning the cooperation between the two companies. "It would be premature to assume that anything had been agreed upon before and has now been reversed," the spokesman said to Reuters, adding that discussions were continuing with an emphasis on cooperation in purchasing, logistics and product development. Source: Der Spiegel, Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  4. William Maley Staff Writer - CheersandGears.com July 11, 2013 A new report from Reuters cites France's La Tribune story that General Motors is in talks with PSA Peugeot-Citroën about possibly selling vans in the United States. The report doesn't say which vans are in consideration, only saying that van would be sold under ofne of GM's brand, most likely Chevrolet. This news doesn't come as a surprise. GM currently has some of the oldest full-size vans on the marketplace and with fresh models coming in from Europe, GM could use all the help they can get. Also, GM recently struck a deal with Nissan to sell the NV200 as the Chevrolet City Express. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  5. Consider this: Citroen pulled out of the U.S. in the eighties, while Peugeot would leave in 1991. But according to Automotive News, PSA/Peugeot-Citroen could be making a return with their DS brand. “We want to make DS a global premium brand, and you cannot be global without the U.S.,” said DS CEO Yves Bonnefont. The DS lineup was previously a division of the Citroen brand, providing premium models to compete with likes of MINI Cooper and Audi A3. However, PSA made the decision to make DS a stand alone brand this year. Bonnefont said a decision on making a return to the U.S. would come in 2017 at the earliest, and sales would not begin sometime after 2020. Source: Automotive News (Subscription Required) William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  6. William Maley Staff Writer - CheersandGears.com November 14, 2012 The talks between General Motors and PSA-Peugeot/Citroën have come to halt. According to Reuters, the talks were stopped due to worsening finances and a government-backed bailout. As we have been reporting since February, General Motors and PSA have been in talks about expanding their alliance. Rumors have ranged from 50/50 deal, selling Opel to PSA, buying up PSA's auto division, and putting Citroën, Opel, and Peugeot into one new entity. Sources close to talks tell Reuters the talks have been off after Peugeot agreed to take a bailout from the French Government. Peugeot/Citroën are currently burning through 160 million euros (about $200 million) a month. Taking the bailout also means PSA can't shed anymore jobs and factories, nor make any deeper ties with GM. "They now consider that any deeper tie-up is unlikely before 2014, when the market picks up," a source told Reuters. "The government bailout conditions rule out French job cuts, which means a deal can't happen any faster. It would be politically impossible to have all the cuts falling on the German side." For the time being, GM and PSA's basic agreement stands. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. Related Stories: An Alliance Is Formed: GM Buys 7% Stake Into PSA Peugeot Citroën Rumorpile: Is There More To The GM-PSA Deal? GM and PSA Announce Four New Co-Developed Platforms View full article
  7. William Maley Staff Writer - CheersandGears.com July 11, 2013 A new report from Reuters cites France's La Tribune story that General Motors is in talks with PSA Peugeot-Citroën about possibly selling vans in the United States. The report doesn't say which vans are in consideration, only saying that van would be sold under ofne of GM's brand, most likely Chevrolet. This news doesn't come as a surprise. GM currently has some of the oldest full-size vans on the marketplace and with fresh models coming in from Europe, GM could use all the help they can get. Also, GM recently struck a deal with Nissan to sell the NV200 as the Chevrolet City Express. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  8. William Maley Staff Writer - CheersandGears.com September 6, 2012 The General Motors, PSA alliance has hit a wall. According to German news magazine, Der Spiegel, one part of GM-PSA alliance has been taken out. The part dealt with GM sharing the Insignia platform with Citroën and Peugeot to build their next-generation midsize sedans.That would also allow Citroën and Peugeot vehicles to roll off the line at the Rüsselsheim plant, thus allowing the plant to use up all available capacity. Why was this part taken out? Der Spiegel says Buick and GM China complained, stating the deal would cause the vehicles to compete too closely. Managers are also questioning the cooperation between the two companies. "It would be premature to assume that anything had been agreed upon before and has now been reversed," the spokesman said to Reuters, adding that discussions were continuing with an emphasis on cooperation in purchasing, logistics and product development. Source: Der Spiegel, Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  9. It has been hinted at and rumored for a few years. But today, PSA Peugeot Citroën announced they would be making a return to the U.S. During a presentation for analysts and investors at PSA's headquarters in Paris, CEO Carlos Tavares unveiled a ten-year plan that could result in the launch of Citroën, DS, and Peugeot vehicles to the U.S. The plan would be split up into three steps. Step one: Enter the U.S. as a mobility operator from 2017, possibly with Bollore,” said Tavares. Bollore is a French company that builds batteries and compact EVs that are mainly used by a French car-sharing service, Autolib. Citroën and Bollore are currently working together to bring a concept EV into production. Step two: Start up a car-sharing program (i.e. Zipcar, GM's Maven) that would be owned and operated by PSA. Step three: If the first two steps are successful, PSA could return “to sell cars in the U.S. supported by regional sourcing when appropriate,” Tavares said. Tavares says PSA has formed a team to study the U.S. market, what customers like and dislike; and the regulatory requirements. As Automotive News notes, this is wildly different than the plan provided by Yves Bonnefont, CEO of DS back in 2014. Bonnefont explained the strategy was to sell DS vehicles in 200 large cities around the world after 2020 - including the U.S. “We want to make DS a global premium brand, and you cannot be global without the U.S.,” said Bonnefont. Why ten years? A possible reason may come down to PSA Peugeot Citroën not having any presence in the U.S. As we noted in our report last month, PSA doesn't have any connections to dealers or manufacturers. Also, PSA closed down their U.S. office in 2013 as a way to cut costs. Source: Automotive News (Subscription Required) View full article
  10. Consider this: Citroen pulled out of the U.S. in the eighties, while Peugeot would leave in 1991. But according to Automotive News, PSA/Peugeot-Citroen could be making a return with their DS brand. “We want to make DS a global premium brand, and you cannot be global without the U.S.,” said DS CEO Yves Bonnefont. The DS lineup was previously a division of the Citroen brand, providing premium models to compete with likes of MINI Cooper and Audi A3. However, PSA made the decision to make DS a stand alone brand this year. Bonnefont said a decision on making a return to the U.S. would come in 2017 at the earliest, and sales would not begin sometime after 2020. Source: Automotive News (Subscription Required) William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
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