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  PSA Tang Weishi: the decision-making mechanism of joint ventures in China is "unbearable"

  In recent years, due to the intensification of market competition and strategic mistakes of DPCA, PAS's market share in China continues to decline, until it falls into an unfavorable situation in dire straits. The marginalization of PSA in China has a lot to do with mistakes in decision-making at the top level of the Dragon, and Tang Weishi, chief executive of PSA, mentioned the topic of the Chinese market in a recent interview with overseas media, saying bluntly: "in our joint venture, the decision-making mechanism is unbearably slow." Tang Weishi revealed in the interview that China was once regarded as the last hope of PSA, but it was not China that saved PSA in the end, he said.

  Joint venture unbearable Tang Weishi 2019-03-05
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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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  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 Tang Weishi: don't rely too much on Asian supply chains, because there are risks in dealing with the crisis.

  The impact of the epidemic on the automotive industry is still a hot topic. When talking about the impact of the epidemic, Tang Weishi, CEO of PSA Group, said: "the epidemic makes the automobile industry realize that it is risky to rely too much on Asian supply chains, while Peugeot Citroen itself is very low on Chinese parts, so it is more calm in dealing with this crisis, which is, to some extent, an advantage of Peugeot Citroen." Some netizens said that "if you withdraw from the Chinese market, the degree of dependence can be reduced to 0", "the reason why French cars fail in China is that they do not rely on China", "who knows, the epidemic has begun to spread in Europe, will the advantage.

  Peugeot Citroen DS 2020-03-05
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  Peugeot Citroen CEO: will not invest in internal combustion engines in the future

  Since the international emission requirements become more and more stringent, and the policy requirements continue to advance, the development of new energy vehicles has become the primary strategic plan of many car companies, even if the internal combustion engine still occupies a large number. In this regard, PSA said a few days ago that it will not invest in internal combustion engines.

  Peugeot 2020-11-17
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  Brexit may cause PSA to close its UK factory and has sought a new factory site in Europe

  According to foreign media reports, the French car manufacturing trademark Citroen may stop all production at the Vauxhall plant in Ellesmere Port, UK, and transfer production to continental Europe instead. If Brexit succeeds, the British factory will not be able to make a profit. Tang Weishi, chief executive of PSA, said the company had selected a site in southern Europe for future production of Vauxhall Astra and Opel Astra models to prevent the UK from achieving unsatisfactory results when it officially launched the EU. PSA's move also led to the closure of its Cheshire plant in northwest England, which employs more than 1000.

  2019-07-29
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  Sales fell 60% in the first four months, and DPCA is facing a major crisis.

  Citroen Automobile sales KuaiBao, DPCA double brand sold 9543 new cars in April, down 65.3% from the same period last year, and a total of 44201 new cars were sold from January to April this year, down 60% from the same period last year. It is an indisputable fact that Shenlong sales continue to decline, falling to 253400 in 2018, but did not expect that the decline in sales of DPCA in 2019 will widen to 60%. In April, double-brand sales were less than 10,000. When the sales volume of China's automobile market continues to decline and the market competition intensifies, the industry reshuffle will also come. only when the spring tide recedes, will we know who is swimming naked. Dragon car is now a dilapidated game.

  Cars Dragon sales 2019-05-09
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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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  Sales fell 60% from January to June, and Peugeot Citroen stressed that it would never leave the Chinese market.

  "never withdraw from the Chinese market", the French Peugeot-Citroen Group once again stressed that the brand has become a hot topic for netizens. Judging from the sales data just released, DPCA (Dongfeng Peugeot and Citroen) sold 10128 units in June, down 54.3% from January to June to 63027 units, down 60% from a year earlier. DPCA has set a sales target of 235000 vehicles in 2019, with a completion rate of only 26.8% in the first half of the year, making it almost impossible to reach the target for the whole year. According to data, DPCA sold only 253400 cars in 2018, compared with the same period last year.

  Sales volume Citroen 2019-07-09
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  With a huge loss of 2.5 billion in half a year, DPCA's sales fell by 60%.

  Dongfeng Group announced today that the combined results of Shenlong Automobile and Shenlong Automobile sales Co., Ltd. in the first half of 2019 achieved an income of about 921 million euros, a decrease of about 59.7 percent over the same period last year, and a loss of 325 million euros (about 2.489 billion yuan). A profit of 25 million euros in the same period last year. DPCA owns two joint venture brands, Dongfeng Peugeot and Dongfeng Citroen, and the main reason for the loss is related to the sharp decline in sales. Data show that DPCA sold 10128 units in June, down 54.3 per cent from a year earlier, with cumulative sales of 63027 units from January to June, down 60 per cent from a year earlier. ...

  2019-07-24
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  PSA and FCA officially confirm the merger, and the new company is expected to be operational in 2021

  After a month and a half, Fiat Chrysler (FCA) and Peugeot Citroen (PSA) officially announced the merger and issued a joint statement on December 18. With annual sales of 8.7 million vehicles and combined revenue of 170 billion euros, the new company will become the fourth largest automobile group in the world after Volkswagen, Toyota and Renault-Nissan alliance, according to the statement. In the new corporate governance structure, John Elcan, chairman of FCA, will serve as chairman of the new company, and Tang Weishi, CEO of PSA, will serve as CEO of the new company. It is understood that.

  PSA FCA 2019-12-18
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  Tension in Renault-Nissan alliance, senior executive Deboeuf was forced to leave to join PSA

  According to foreign media reports, French automaker PSA has confirmed that Arnaud Deboeuf has resigned as a senior executive in the Renault-Nissan alliance and hired him as PSA industry strategy director, directly following the orders of CEO Tang Weishi. It is understood that Deboeuf is a close ally of Ghosn, the former leader of the Renault-Nissan alliance, and once served as senior vice president of the alliance. Deboeuf has been working for Renault since 1993. Renault CEO Bolore and Chairman Shennard tried to maintain Renault's alliance with Nissan and planned to merge Renault with FCA, but failed.

  Renault Nissan 2019-09-04
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  Will this established car company stop production in China altogether? make no comment

  Carmaker Stellantis may stop producing cars in China altogether. Carlos Tavares, CEO of Stellantis Group, said at the Paris Motor Show on October 17th that Stellantis Group was considering a location in China.

  Automobile Group China sales Peugeot Citroen Market Model Fick its Citroen Brand Dongfeng production Company 2022-10-18
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  The Chinese management of Stellantis Group has been greatly adjusted!

  On November 1st, Stellantis Group issued a notice of management change in China. Since November 1st, Gr é goire Olivier, former chief operating officer of Stellantis Group China, has served as the "Ste" of Stellantis Group.

  Group Automotive Product Global Company Market Strategy China Cooperation International Director sales Management Business Brand 2023-11-01
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  Why is Peugeot's sales so low? There are problems with configuration design and sales system.

  Japanese and German cars have made a lot of money in China, and in addition to Korean cars, French cars do not seem to be popular in the Chinese market, especially Peugeot, which has experienced many years of accumulation in China. In June, Peugeot sold only 4,000 or 5,000 vehicles, according to data. On July 10th, Tang Weishi, president of PAS Group, said that he has great confidence in PSA and believes that he will continue to move forward in the Chinese market, and has taken corresponding measures. These words not only make us have some expectations for the sales of PSA at the end of the year, but also sympathize with and wonder about Peugeot.

  Sales design 2019-07-28
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  The ranking of the salary of car bosses! Musk's salary is 157.5 billion yuan.

  Today, according to China Business Statistics released a ranking of the annual salaries of 13 auto companies in 2021, Tesla Musk ranks first, with an annual salary of 157.5 billion yuan in 2021, followed by Stellantis's Tang Weishi, who earns 456 million yuan in 2021.

  Annual salary Mars Musk Automobile Tesse Tesla salary salary Xiaopeng Market value Award option Equity number one salary 2022-07-01
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  Half a year later! Renault CEO: will eventually return to the Chinese market in the future

  When China has become the world's largest single car market and has become the main strategic market for many multinational car companies, even the shrinking PSA Group insists that no car company is willing to give up on this huge market. The Renault brand, which announced its withdrawal from the Chinese market in the first half of this year, announced a few days ago that it would return to the Chinese market.

  Renault 2020-11-23
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  Dragon car: sales of 39632 vehicles from January to April

  On April 1, DPCA released the latest data showing that cumulative sales from January to April in 2022 were 39632, up 57.7% from 25134 in the same period in 2021, of which April sales were 9316, up 22.7% from 7595 in the same period in 2021. Need

  Cars sales Dragon 2022-05-02
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  Go on sale next year! Dongfeng Peugeot 408X spy photos exposed

  A few days ago, we obtained a set of road test spy photos of Dongfeng new 408X from relevant sources. It is understood that the new 408X of Dongfeng Peugeot is based on the Peugeot EMP2 platform and will be listed in China in 2023 and will be produced by a factory in Chengdu, China. In terms of appearance, Peugeot 408X adopts the Peugeot family best.

  Peugeot Automotive Dragon Dongfeng sales Design Dongfeng Peugeot Group different China engine New car Company aspect structure 2022-12-05
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  It is unlikely to terminate domestic production! Dongfeng Peugeot 408X will be released soon

  According to media reports, Dongfeng Peugeot will launch a new cross-border model, the Peugeot 408X, at the Guangzhou Auto Show in November, with an overall design similar to the Dongfeng Citroen Versailles C5X. It is understood that Dongfeng Peugeot New 408X is based on Peugeot EMP2 platform and will be launched worldwide early next year.

  Peugeot Automobile Factory Dragon Citroen Design Dongfeng Group different Brand Dongfeng Peugeot China Market Model production 2022-10-22