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  PSA Group reports revenue growth of 18.9% in 2018 compared with the same period last year

  Recently, Peugeot-Citroen (PSA) announced its 2018 results. According to the data, PSA Group's annual revenue in 2018 was 74.027 billion euros, an increase of 18.9 percent over the same period last year, and its recurrent operating profit was 5.689 billion euros. It is worth noting that the auto brands of the PSA group all achieved positive growth, with revenue from the Peugeot, Citroen and DS automotive divisions rising 5.6% year-on-year, while Opel's automotive division achieved a small increase in revenue of 18.306 billion euros. According to statistics, the cumulative sales of PSA Group in 2018 is about 3.878 million units.

  Year-on-year growth of 18.9% revenue PSA Group announced 2018 2019-02-26
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  PSA Group's revenue and profit hit a record high in 2018, and Peugeot brand will return to North American market.

  PSA Group's global sales and performance continued to hit record highs in 2018, but the Chinese market is still very grim. A few days ago, France's PSA Group (Peugeot-Citroen) announced its 2018 results. Its revenue reached 74 billion euros ($84 billion), up 19% from the same period last year. Its recurrent operating profit rose 43% to 5.69 billion euros ($6.46 billion), with an operating profit margin of 7.7%. Net profit was 3.295 billion euros ($3.74 billion, about 25.04 billion yuan), an increase of 948 million euros over 2017 and a year-on-year increase of 40.4%.

  2019-02-28
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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 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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  1.6 billion sold all shares, Changan withdrew from the "Changan Peugeot Citroen" joint venture

  The news of the dissolution of Changan Peugeot Citroen (Changan PSA) has been basically confirmed, both sides of the shares have sold all their shares, all operations and factories in Shenzhen have been taken over, and the eight-year history of the joint venture will eventually come to an end. Chongqing Changan Automobile Co., Ltd. officially announced today that as of December 30, Shenzhen Qianhai Ruizhi Investment Co., Ltd. (hereinafter referred to as "Qianhai Ruizhi") submitted the registration materials and paid 831.3 million yuan for the down payment of 831.3 million yuan. The announcement shows that on December 30, 2019, Changan Automobile and Qianhai Ruizhi signed an equity transfer agreement.

  DS Chang'an Peugeot Citroen 2019-12-31
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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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  Tang Weishi, chairman of PSA Group, stressed that he would never give up the Chinese market.

  The defeat of DPCA in the face of the market proves the frustration of PSA Group, France's largest carmaker, in the Chinese market. Sales are declining year by year, but PSA Group has no intention of giving up on the Chinese market. Carlos Tavares, chairman of PSA Group, said in an interview at this year's Shanghai auto show, "I want to emphasize that PSA Group will never give up the Chinese market, which is very clear." Tang Wei has said several times that he will not give up the Chinese market, but in the face of the cruel market and reality, what kind of mistakes has PSA realized or what changes will be made? Don.

  PSA Tang Weishi 2019-04-21
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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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  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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  Dragon announced a major project, PSA global model settled in DPCA global supply

  French PSA Group and Dongfeng in China joint venture "Dragon Motor" sales have been declining in recent years, a large number of factory capacity has been idle. Recently, DPCA held a supplier conference in 2019 and worked with more than 400 suppliers to plan its development in 2019. PSA confirmed that it will launch more new models in DPCA and export an important global model to overseas markets. Mr. MASSIMO ROSERBA, the new general manager of DPCA, said that PSA Group will have many projects launched in China in the future, and the development of important models will fully take into account the needs of the Chinese market. It was decided at the beginning of this year.

  Decide 2019-02-24
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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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  The term of the joint venture is extended by 10 years, and DPCA introduces a new brand.

  Dongfeng said it had reached an agreement with Peugeot Citroen to extend the term of the joint venture Citroen. At the same time, under the agreement, DPCA will acquire the new brand introduced by PSA in China and will benefit from new technology and intellectual property rights.

  Citroen Peugeot Citroen 2019-12-20
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  Tang Weishi, president of PSA: promoting electric cars is not a real idea, only forced by the trend.

  With the growing awareness of energy conservation, environmental protection and green travel around the world, electrification has become a new direction for more and more multinational car companies, but in the face of this trend, doubts about the development of electric vehicles still exist, including the PSA Group from Europe.

  PSA 2020-03-05
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  PSA Group's global market except Europe has declined, and China has lost 8000 on the sale of a C5.

  The French automaker PSA announced its first-half sales. As sales in emerging markets put pressure on its overseas operations, its first-half car sales fell 12.8 per cent to 1.9 million from 2.18 million in the same period last year. Sales of PSA have fallen sharply in almost every region except Europe. Although PSA has barely achieved 0.27 per cent growth in Europe, its largest market, it has suffered a sharp decline in almost every other region, with sales falling 62.1 per cent in China and 29.3 per cent in Latin America. The European market is based on.

  Global PSA decline Europe Group 2019-07-16
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  Opel's second visit to China: Chinese consumers prefer German cars

  With the gradual marginalization of DPCA, a joint venture of PSA Group in China, PSA Group is trying to inject new brands to change the pattern of the Chinese market. According to media reports, the current Opel brand plans to enter China are in progress, but the exact time can not be determined.

  Opel 2020-07-09
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  French car brands are in critical condition, one by one is getting worse.

  French car brands in 2019 have repeatedly stressed that they "will not withdraw from the Chinese market", but the more they emphasize, the more problems they will have. Shenlong Motor has closed its factory, Renault sales have plummeted, DS has been abandoned by Changan, and the days of French car brands in China have become more and more miserable, and one by one is getting worse. The China Automobile Association announced today that French brands have only 0.7% of the market share in China from January to October, down half from 2018. Peugeot, Citroen, Renault and DS together account for less than 1 per cent of the Chinese car market, so how can they survive in the cold winter of the car market? Dragon selling factory.

  French car Dragon car Dongfeng Renault 2019-11-11
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  Senior members confirm that the world's fourth largest automobile group will complete its merger in the first quarter of next year.

  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...

  PSA FCA 2020-09-30
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  Baoneng launched BAO high-end new energy brand when it was exposed that wages were in arrears.

  On June 24th, Shenzhen Baoneng announced that its new luxury intelligent new energy vehicle brand is called "Baoneng Automobile" in Chinese and "BAO" in English, and launched a global BAO brand slogan recruitment campaign at the same time. Baoneng said that Slogan can be in both English and Chinese. English slogans give priority to sentence patterns made up of words with the initials B, An and O, similar to BYD BYD's "Build Your Dream". Chinese slogans are unlimited. Data show that Baoneng Group began to enter the automotive industry in March 2017 and bought Qoros in early 2018.

  Baoneng Automobile 2021-06-26
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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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  With monthly sales of only more than 200 units, this high-end joint venture brand will be forced to delist?

  The DS brand sold 120 vehicles in China in July, down 30.6% from a year earlier, with cumulative sales of 1841 vehicles from January to July, down 16.1% from a year earlier. With such depressed sales, it is almost difficult for the Changan Peugeot Citroen factory in Shenzhen to operate normally. According to media reports, DS is currently caught in a storm of dealers withdrawing from the net. there were originally three dealers in Beijing, but now one has withdrawn from the network, the other retains after-sales service, and the third continues to sell normally in conjunction with Dongfeng Peugeot, but only DS7 is on sale in this store. At its peak, DS has a network of 211 dealers in China.

  Brand 2019-09-04