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A few days ago, the PSA Group released the latest performance report, with operating income of 15.6 billion euros in the third quarter of this year, an increase of 1% over the same period last year. Among them, the group's automotive business unit achieved operating income of 11.8 billion euros in the third quarter, an increase of 0.1% over the same period last year. In terms of sales, PSA sales totaled 674000 in the third quarter, down 4 per cent from a year earlier. Sales fell in all major markets, with sales in Europe, the largest, falling 2.7 per cent to 569000, while sales in China and Southeast Asia fell 40.1 per cent to 29000. PSA said that in the third quarter, the group's sales in the auto business fell, the exchange rate.
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.
For auto companies, the auto show is undoubtedly a platform to show new products, new technologies and new directions, so as to attract more consumers' attention. But now the auto show seems to be no longer favored by car companies and would rather not participate in the show. A few days ago, PSA Group's Peugeot and Citroen plan not to participate in this year's Geneva Motor Show.
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.
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.
As a result of the epidemic, global carmakers' losses are also expected, and Volkswagen, the world's largest Volkswagen group by sales, also posted a loss of 2.4 billion euros in the second quarter. Chain effect continues to break out, Honda, Daimler, GM, FCA, Nissan, Renault and other car companies reported huge losses, the second quarter is undoubtedly the most difficult quarter. Judging from the current financial results, only Toyota, PSA Group, Suzuki and Ford have achieved "difficult" profits. Toyota: profit of 9.8 billion yuan on August 6th, Toyota released its second-quarter results. The financial report shows that Toyota achieved revenue 4.6 in the second quarter.
Due to the impact of the COVID-19 epidemic, global automakers experienced a dismal first half of the year, resulting in a sharp decline in sales, operating income and profits, and even into a loss-making state of operation. In the second half of the year, a number of car companies are committed to sales growth, cost-cutting and other aspects to recover the losses in the first half of the year. According to incomplete statistics, including PSA, Daimler and other auto companies in the third quarter results showed varying degrees of growth. PSA Group: auto revenue grew 1.2% on October 28th, PSA Group (Peugeot Citroen) reported third-quarter results for 2020. During the reporting period, operating income fell 0.8% year-on-year to 15.
After Dongfeng Group formally approved the merger of Peugeot PSA Group and FCA Group, the merger of PSA Group and FCA Group was promoted. FCA issued a statement on May 6th that Fiat Chrysler (FCA) and Peugeot Citroen (PSA) will still merge in early 2021. The merger was first announced in October 2019 that the PSA and FCA groups will fully merge with a 50:50 stake to expand and cope with costly investment in new technologies and slowing market demand. The merger signed in December 2019.
DPCA posted an open letter on its official WeChat account on Oct. 19, saying that DMC has encountered setbacks in its development, putting a lot of pressure on our partners, such as customers, dealers and suppliers. DPCA said that DPCA is now ready to "burn its bridges" and "fight a war on its back". Data show that DPCA is a joint venture company jointly funded by Dongfeng Motor and PSA Group in 1992, which owns Peugeot and Citroen car brands. In terms of time, it is not too late for DPCA to enter the Chinese market, but it has now become one of the worst joint ventures. 2...
Since last year, there has been news of a merger between PSA and FCA until the end of the year when the two sides signed a joint agreement to achieve a full merger of the two companies with a share ratio of 50:50. However, affected by the epidemic and other factors, the merger of PSA Group and FCA Automobile Group has been questioned by the outside world. In order to break the deadlock, new news came out between the two sides a few days ago.
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.
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.
On October 20th, Volkswagen Group released its third-quarter earnings forecast. According to the financial report, Volkswagen's revenue in the third quarter was 78.8 billion euros, up 12% from a year earlier, higher than the market expectation of 76.1 billion euros, and operating profit was 4.9 billion euros, an increase of about 14% over the same period last year. In the performance forecast
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.
Since 2020, the global automobile market has been hit by the COVID-19 epidemic, resulting in a double decline in the sales performance of many car companies, even the always strong luxury brand Mercedes-Benz, with a net loss of 1.7 billion euros (13.339 billion yuan) in the second quarter. However, as the market recovers, Daimler's performance has recovered and rebounded more than expected.
Recently, Daimler Group released its second-quarter financial results, which showed that Daimler Group's revenue was 42.65 billion euros, up 5% from a year earlier, and a loss of 1.56 billion euros before interest and tax, compared with a profit of 2.6 billion euros in the same period last year. Daimler shares fell 2.85 per cent the following day, the first quarterly loss for Daimler Group since 2010. Daimler's second-quarter results came a day after Beijing Auto announced a stake in Daimler, with a 5% stake. Thirdly, the first and third largest shareholders of surrogate mothers come from Chinese companies, namely Geely Group, which holds 9.69% of the shares.
On September 30th, Fiat Chrysler Group (hereinafter referred to as "FCA") and Peugeot Citroen Group (hereinafter referred to as "PSA") announced the membership of the board of directors of Stellantis. Under the merger agreement announced on December 18, 2019, the board of Stellantis will consist of 11 members, of which FCA and its major shareholder Exor have nominated five members, PSA and its two major shareholders have nominated five members, and Carlos Tavares, chief executive of Stellantis, will be a member of the board. Stellan...
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...
Recently, according to the 2018 results released by Peugeot-Citroen (hereinafter referred to as PSA), the global sales of PSA reached 3.878 million, up 6.8% from the same period last year, the group's revenue reached 74 billion euros, up 19% from the same period last year, and the recurrent operating profit was 5.69 billion euros, up 43% from the same period last year, with an operating profit margin of 7.7%. In addition, free cash flow reached 3.501 billion euros, of which net profit reached 3.295 billion euros, up 40 per cent from a year earlier. The group's PCD (Peugeot, Citroen and DS) automotive division posted a recurrent operating profit of 3.617 billion euros, up 2. 5% from a year earlier.
In the face of a sudden COVID-19 epidemic since 2020, it seems to have completely disrupted the rhythm of the global automobile industry. According to foreign media reports, Daimler said today that due to the spread of novel coronavirus, the market demand for Mercedes-Benz models has dropped sharply, and the group's first-quarter earnings are expected to fall by nearly 70 per cent. According to Daimler, profit before interest and tax in the first quarter after preliminary adjustment was 719 million euros (about 5.51 billion yuan), down 68.9 percent from the same period last year. Among them, Mercedes-Benz car and truck division adjusted EBIT for 603 million euros; the group is free after adjustment.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
Deadlock! Volkswagen may face mass strike
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