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  Dongfeng reduced its stake in PSA Group by 10 million shares, making a profit of 1.3 billion yuan.

  Dongfeng Motor, as one of the major shareholders of PSA, has had an important influence since the planned merger of the French Peugeot Citroen Group and the FCA Fiat Chrysler Group. A few days ago, PSA Group announced that PSA has repurchased 10 million PSA common shares from Dongfeng Motor Group Co., Ltd.

  East wind 2020-09-24
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  PSA Group plans to make continuous adjustments to its business in China, cutting production may be a new way out.

  After the difficulties in the world's number one car market, PSA Group came up with the idea of cutting production capacity in China to reduce property losses. Based on PSA's reluctance to leave China, PSA's chief financial officer said the group was working to cut capacity at DMC, a joint venture with local partner Dongfeng Motor, possibly by renting out plant facilities. However, after the relevant media learned about PSA China, PSA China did not say anything about it. A management official of the group had previously told overseas media: "We will adjust our production system as needed." PSA Group's factories in China, especially in Wuhan.

  PSA Group 2019-07-26
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  Can Baoneng take the offer? PSA confirms that Baoneng plans to acquire shares in Changan PSA

  On November 29th, Peugeot-Citroen (PSA) announced that it would sell 50 per cent of Changan Peugeot-Citroen (Changan PSA), a joint venture with Changan Motor, and would review the planned sale of Changan PSA shares on December 6th. On the day PSA announced plans to sell 50 per cent of Changan PSA, a PSA spokesman confirmed that China Baoneng was one of the potential buyers for a 50 per cent stake in Changan PSA. On October 28th, Chongqing United property Exchange disclosed that Changan Automobile transferred its 50% stake in Changan PSA. November 29th, Changan Automobile is paying 1.63 billion yuan.

  Baoneng Group Changan Automobile 2019-11-30
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  PSA sales fell 29.2% in the first quarter and is expected to decline by 10% in China this year.

  On April 21st, PSA Group released its first-quarter 2020 results. According to the data, PSA Group achieved operating income of 15.179 billion euros from January to March, down 15.6 percent from 17.976 billion euros in 2019. Among them, in the automotive business sector, PSA realized operating revenue of 11.934 billion euros, down 15.7% from a year earlier. Obviously, the PSA Group has not been able to avoid the impact of COVID-19 's epidemic on the automobile business. Due to the intensification of the impact of the epidemic on global automobile production and sales, the sharp decline in sales has hindered the operation of PSA Group. According to the sales data released by PSA Group, today.

  PSA 2020-04-22
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  In 2019, PSA's net profit increased by 13.2%, but it lost 5.4 billion yuan in the Chinese market.

  On February 26th, Peugeot-Citroen (PSA) released its 2019 results. The financial report shows that in 2019, PSA achieved an overall operating income of 74.731 billion euros (about 571.7 billion yuan), an increase of 1 percent over the same period last year; operating profit of 4.668 billion euros, an increase of 6.1 percent over the same period last year; and adjusted operating profit of 6.324 billion euros (48.3 billion yuan), an increase of 11.2 percent over the same period last year. In 2019, PSA's net profit attributable to the parent company was 3.201 billion euros (24.4 billion yuan), up 13.2% from a year earlier. PSA Group is in...

  PSA Peugeot Citroen 2020-02-27
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  PSA Group launches electrification offensive, electrification of all products in 2025

  PSA Group announced that it will launch 15 electric models by the beginning of 2021 and achieve 100% electric coverage of core models by 2025. Recently, the PSA Group announced that it will launch 15 pawnshop models in early 2021, and by 2025, each model owned by the PAS Group will provide electric or hybrid models with 100% coverage. At the same time, with the promotion of electrification strategy, PSA Group's Internet connection and advanced driving assistance technology have also laid the foundation for "autopilot". PSA Group will launch L3 self-driving technology in 2024.

  Electric Open electrified PSA Group 2019-07-03
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  Changan PSA officially changed its name to Baoneng Automobile, where should the high-end DS go?

  According to the information on the website of Shenzhen Market Supervision Administration, Changan Peugeot Citroen Automobile Co., Ltd. (hereinafter referred to as "Changan PSA") has been formally changed to Baoneng Automobile Co., Ltd., the changed investor is Shenzhen Qianhai Ruizhi Investment Co., Ltd. (hereinafter referred to as "Qianhai Ruizhi"), and the legal representative is changed from Zhu Huarong to Sun Li, Vice President of Baoneng Investment Group Co., Ltd. At the same time, the main members of the new company are all updated to be members of Baoneng Department. Where should the DS brand go if both shareholders sell their shares? Tianyan check information shows that the former Hai Ruizhi was established in July 2017 and is 100% controlled by Baoneng Automobile Co., Ltd.

  Changan Automobile Baoneng Automobile Guanzhi Automobile DS PSA Group 2020-05-22
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  The merger of the two major automobile groups, PSA and FCA, has been smooth and will be officially merged early next year.

  The planned merger of PSA (Peugeot Citroen) and FCA (Fiat Chrysler) will proceed as scheduled, and the merger will be completed in the first quarter of 2021 at the latest. Affected by the epidemic and other factors, the merger of PSA Group and FCA Automobile Group has been questioned by the outside world. In response to this, Tang Weishi, CEO of PSA Group, said at the annual shareholders' meeting on June 25 that the pandemic phase was not the time to re-examine the deal with FCA Automobile Group, and warned all parties not to attempt to undermine the merger plan of PSA Group and FCA Automobile Group. Tang Weishi also stressed that he is very trustworthy.

  Peugeot Citroen FCA Group 2020-06-27
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  The latest situation has been revealed! PSA/FCA is not a merger, the real purpose is anti-takeover.

  With the gradual shrinkage of the automobile market in recent years and the increasingly fierce competition, many automobile companies began to seek strategic cooperation of "huddling". For example, PSA Collective and FCA Group announced as early as last year that they would merge. However, there is news recently that the two companies are not merged, but acquired by the acquirer PSA Group.

  PSA 2020-11-27
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  How hard it is! After Changan Automobile, Peugeot Citroen will also sell 50% stake in Changan PSA

  According to media reports, a spokesman for French automaker PSA announced today that the company plans to sell 50 per cent of Changan Peugeot Citroen Motor Co., Ltd. (Changan PSA), a joint venture with Changan Motor. It is worth noting that Changan Automobile, as one of the partners of Changan PSA, disclosed the sale of 50 per cent of Changan Peugeot Citroen Motor Co., Ltd. at the Chongqing United property Exchange on October 28th. Learned from the Chongqing United property right Exchange, Changan Automobile formally submitted an application for listing transfer on November 19, with a listing price of 1.63 billion yuan.

  Changan Automobile DS 2019-11-29
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  The two major automobile groups officially merged, and Stellantis Group ranked fourth in the world.

  As early as December 2019, Peugeot-Citroen (PSA) and Fiat Chrysler (FCA) issued a statement agreeing that they would form a new group with a share ratio of 50:50, which would become the fourth largest automotive group in the world after Volkswagen, Toyota and Renault-Nissan-Mitsubishi, with their brand names unchanged. Progress on the merger of PSA and FCA has been emerging in 2020, including Dongfeng Motor's approval of the merger, the name and LOGO of the new group, the members of the board of directors of the new group, the date of establishment of the new group, and so on. After 1.

  FCA PSA 2021-01-17
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  PSA Group's revenue in the third quarter increased by 1% compared with the same period last year, while sales fell by 4%.

  French carmaker PSA released its third-quarter marketing report, according to its data, PSA Group achieved revenue of 15.579 billion euros in the third quarter of this year, up 1 per cent from a year earlier. The automotive business units (Peugeot, Citroen, DS, Opel and Vauxhall) posted revenue of 11.824 billion euros in the third quarter of this year, up 0.1% from a year earlier, while PSA Group reported revenue of 53.918 billion euros in the first three quarters, down 0.2% from a year earlier. Revenue from the automotive business unit fell 0.7 per cent to 42.202 billion euros. According to statistics, PSA accumulated sales in the third quarter.

  PSA third quarter revenue 2019-10-24
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  Will DPCA Motor or the introduction of the Opel brand repeat the same mistake or catch up from behind?

  After Fiat Chrysler Group (FCA) and France's Peugeot Citroen Group (PSA) reached a merger plan, Dongfeng Motor, the third largest shareholder of PSA Group, chose to reduce its stake in PSA to help PSA and FCA merge smoothly. It is understood that Dongfeng Motor holds a 12.2% stake in PSA Group, worth about 2.2 billion euros. After FCA and PSA set up a new company, Dongfeng Motor will have a 4.5% stake in the new company. Lu Haitao, deputy general manager of the strategic planning department of Dongfeng Motor Group Co., Ltd., responded to the reduction of PSA shares, saying that Dongfeng has always supported PSA and F.

  Dragon car 2019-12-26
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  The operation is unreasonable! PSA and FCA will cut brands and models in China after the merger

  New progress has been made in the merger of Peugeot-Citroen (PSA) and Fiat Chrysler (FCA), with future joint venture Stellantis planning to cut brands, models and factories in China and regain lost market share in China, according to foreign media reports. According to previous reports, PSA and FCA announced on July 15 that the combined company, named "STELLANTIS", is expected to sell 8.7 million vehicles a year, making it the fourth largest automaker in the world after Volkswagen, Toyota and Renault-Nissan-Mitsubishi alliance. PSA Group owns Peugeot and Citroen.

  PSA FCA 2020-11-05
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  Dongfeng Motor has approved the merger of PSA and FCA Group, and the profits will be invested in its own field.

  For 2019, the merger of Peugeot Citroen (hereinafter referred to as PSA) and Fiat Chrysler (hereinafter referred to as FCA) is undoubtedly a major event in the industry, after all, the merger of the two auto groups will become the third largest auto group in the world. However, due to a variety of adverse factors, the merger plans of the two groups have been shelved and have not yet been realized, including the reason why Dongfeng Motor occupies an important role. Last October, PSA and FCA announced that they would merge fully with a 50:50 stake to expand and cope with costly investment in new technologies.

  Dongfeng automobile 2020-04-27
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  PSA senior management change: Citroen and DS ushered in new CEO respectively

  It has been nearly six years since Peugeot-Citroen announced the new CEO. According to Autocar, Citroen and DS will usher in a new CEO due to the restructuring plan of the PSA group. Among them, Vincent Cobee, former vice president of Mitsubishi Motors, will take over as CEO of Citroen, replacing former CEO Linda Jackson; Beatrice Foucher, who is now deputy CEO of DS brand, will become CEO of DS, replacing former CE...

  PSA 2020-01-16
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  Chuan Dongfeng Motor plans to sell PSA shares to promote the merger of PSA and FCA

  Dongfeng is likely to cut its stake in Peugeot-Citroen (PSA) in an attempt to facilitate a merger of PSA and FCA to ease regulatory scrutiny of the merger of PSA and FCA, Reuters reported, citing people familiar with the matter. Peugeot-Citroen (PSA) and Fiat Chrysler (FCA) announced on October 31 that they will create a new car company with a 50:50 share ratio. In terms of car production, the two will merge to become the world's fourth-largest automaker, with annual sales of 8.7 million vehicles and annual revenue of 170 billion euros.

  Dongfeng Motor PSA FCA 2019-12-07
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  DPCA's latest appointment: Luo Sibo of PSA Group officially serves as the new general manager of DPCA.

  After Su Weibin stepped down as general manager of Dragon Automobile Co., Ltd., McCoran of PSA Group of France took over briefly for more than a month, and now the position of general manager of Dragon Automobile Co., Ltd. has been officially confirmed. On February 22nd, PSA Group announced that it was nominated by PSA Group and approved by the Board of Directors of DPCA. Massimo ROSERBA was appointed as the new general manager of DPCA and a member of the company's executive committee. This appointment took effect on February 1, 2019. In addition, the former general manager and executive committee of PSA Group stationed in Shenlong Automobile Co., Ltd.

  2019-02-22
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  PSA and FCA merge, denying forming a new joint venture in China

  After more than a year of ​, the merger between Peugeot-Citroen (PSA) and Fiat Chrysler (FCA) has finally been settled. How to merge the joint ventures of the two companies in China has also become a concern both inside and outside the industry. A few days ago, the new group Stellantis issued a statement denying that it was planning to set up a new joint venture in China.

  PSA and FCA 2021-01-18
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  The business in China failed miserably! Sales of PSA Group halved in the first half of the year

  2020 is destined to be a depressed year for the car market, which has been depressed for three consecutive years, coupled with the impact of the epidemic, no car company can be left alone in this environment, and this impact is even more serious for French cars. It can be described as "miserable". On July 17th, PSA Group released the latest figures showing that global sales in the first half of this year were 1.03 million vehicles, down 45.7% from a year earlier. It is worth mentioning that PSA Group did not disclose the specific sales situation of each region in the first half of the year, and did not mention the sales performance of the Chinese market. According to its released data, in Europe, PSA... in June this year

  Dragon car PSA 2020-07-18