|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.81 - 23.81|
|52 Week Range||20.43 - 29.66|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||9.08|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
French carmaker PSA, owner of the Peugeot, Citroen and DS brands, will start assembling batteries for its hybrid and electric cars at its plant in Trnava, Slovakia, and later at its plant in Vigo, Spain. The company also expects to assemble batteries at some of its other factories as sales of electric cars pick up, Peugeot's industrial director Yann Vincent said on Friday at a plant in the town of Tremery in eastern France. Vincent added the company expected rising demand for electric and hybrid cars, as well as for vehicles with automatic gearboxes, to offset falling demand for diesel and manual gearbox cars.
PARIS (Reuters) - Peugeot-maker PSA's shares fell on Monday, which some analysts put down to the fact that Fiat had chosen to seek a merger with Renault rather than PSA. PSA's shares were down 2.4 percent ...
General Motors Co on Tuesday reported a higher-than-expected quarterly profit, lifted by revaluations of shares it holds in ride-hailing company Lyft Inc and France's Peugeot SA. Excluding the benefits of those revaluations, GM delivered results in line with analyst predictions, driven mostly by highly lucrative pickup truck sales in the U.S. market. The earnings came after a 7 percent decline in U.S. new-vehicle sales in the first quarter, in which smaller rival Fiat Chrysler Automobiles NV's pickup trucks outsold GM's.
(Adds analyst comment, shares, details) By Laurence Frost and Gilles Guillaume PARIS, April 25 (Reuters) - Peugeot maker PSA Group reported a 1.1 percent decline in first-quarter revenue, as a sales decline ...
French carmaker PSA Group is not focused on negotiating a new partnership with Fiat Chrysler , Chief Executive Officer Carlos Tavares said on Wednesday. Asked if an alliance with Fiat was something PSA is actively exploring or in talks about, Tavares said at a press event in the southern Indian city of Chennai, "No, we are not targeting a specific company. Media reported earlier this week that PSA and Fiat Chrysler were exploring a partnership to share investments to build cars in Europe.
PSA Group on Wednesday launched its Citroen C5 Aircross SUV in India and said it would be available before the end of 2020, as the French carmaker re-enters the Indian market to expand beyond Europe. Paris-based PSA, known for its legacy Peugeot, Citroen and DS brands said in February it would launch the Citroen brand in India as it pursues a 50 percent group sales increase outside its home region by 2021. PSA already has a presence in India through its "Push to Pass" plan, which began in 2017 with two joint ventures with New Delhi-based conglomerate CK Birla Group, both of which are based out of Tamil Nadu.
Moody's Investors Service (Moody's) has today assigned a long-term issuer rating of Baa3 to Peugeot S.A. (PSA). Moody's has upgraded PSA's senior unsecured ratings to Baa3 from Ba1 and its other short term ratings to (P) Prime-3 from (P)NP. Concurrently Moody's has upgraded GIE PSA Tresorerie's senior unsecured rating to Baa3 from Ba1 and its commercial paper to Prime-3 from NP.
For the 60-year-old chief executive officer of Peugeot owner PSA Group, that means seizing opportunities for growth. Tavares is meeting with advisers with a goal of finding a partner for PSA that will transform the French automaker into a global force, Bloomberg News reported on Monday. Such a deal -- whether a merger or an alliance -- could vault PSA into the ranks of the world’s biggest carmakers and make Tavares a dealmaking titan akin to Carlos Ghosn and Sergio Marchionne.
Two of Europe's best-selling cars, the Renault Clio and Peugeot 208, go head-to-head at the Geneva motor show on Tuesday, as the auto market they dominate faces transformative pressures on its future profits and jobs. Both models are poised to abandon what remains of their French production, completing a once controversial shift to lower-cost plants in Turkey, eastern Europe and Morocco. "There’s an ongoing need for compact, efficient urban models,” said Jean-Philippe Imparato, head of the Peugeot brand.
The exact timing for relaunching Peugeot in the U.S. has yet to be determined, Dominique, a former Nissan executive, emphasized, noting that it could stretch out as late as 2026 though it will more likely happen sooner.
PSA Group's Peugeot lineup will lead a return to the United States after an absence of almost three decades, as the French carmaker seeks to expand beyond Europe. Paris-based PSA will also launch the Citroen brand in India and revive Opel sales in Russia as it pursues a 50 percent group sales increase outside its home region by 2021. Europe now accounts for 80 percent of PSA's global vehicle sales after its purchase of General Motors' Opel-Vauxhall division in 2017.
The French maker of Peugeot automobiles plans to reintroduce the cars to North American markets. PSA Group, which also makes Citroen, did not say when it expects the 200-year-old Peugeot brand to make it to American and Canadian showroom floors. The company said Tuesday that the return of the Peugeot is part of a ten-year plan announced in 2016, which includes a car sharing service of more than 500 vehicles introduced in Washington, D.C., last year.
French carmaker PSA Group may begin assembling Opel cars at its Russian plant in Kaluga, the company said on Tuesday, as it reintroduces the brand to the country. The Opel brand was withdrawn from Russia by its then owner General Motors in 2015, the height of a crisis in the country's car market due to a sharp depreciation in the rouble. PSA bought the Opel and Vauxhall brands from GM in 2017.
PSA Group's Peugeot lineup will lead a return to the United States after an absence of almost three decades, as part of a drive to address the group's dependence on Europe. Europe now accounts for 80 percent of PSA's global vehicle sales following the acquisition of General Motors' Opel division in 2017. The group last year opened a long-promised assault on the North American market with its Free2Move car-sharing operations in Seattle and Washington D.C. but the Peugeot brand relaunch will bring its first vehicle sales in the region since 1991.