Last week, French automaker PSA-Peugeot-Citroen announced the development of the world’s first hybrid diesel powertrain. Called HYbrid4, the propulsion system is earmarked for initial implementation on the Peugeot 3008 crossover. But after that, its sister-company Citroen will use the system in an all-new vehicle: the DS5.
Following on the heels of the Citroen DS3 premium hatchback [...]
Parts suppliers are experiencing just as much trouble as the automakers they supply. Employees at one company, though, have taken a tip from Somali pirates and upped the anger stakes. When Faurecia felt it had been wronged by Chrysler, it took Chrysler to court. When Faurecia’s employees in France felt they had been wronged by [...]
Christian Streiff, CEO of PSA Peuget/Citroen since early 2007, has been pushed out by Peugeot’s board, controlled by members of the Peugeot family. Streiff took the position after a short, turbulent stint as CEO of Airbus, and his time at Peugeot wasn’t much more relaxing. Upon taking the position he stirred things up, changing how [...]
French automaker PSA/Peugeot-Citroen is serious about breathing new air into its chevron-badged division. After partnering with Polyphony’s Gran Turismo racing simulator franchise for the GTbyCitroen concept and announcing the revival of the DS nameplate with an upcoming show car at the Geneva Motor Show, the Franco auto group has managed to poach Mercedes-Benz sales chief [...]
The Peugeot family has suffered an unfortunate loss this past weekend when Bertrand Peugeot passed away on February 14, at age 85. Having acted as vice-chairman of the eponymous French automaker for some 25 years, Bertrand Peugeot will be remembered as the architect of the merger between his family’s company and Citroen, forming PSA/Peugeot-Citroen that [...]
Peugeot plans to offer its 3008 CUV with a diesel-electric hybrid by 2011. The step after that is to add plug-in capability, but those plans have been pushed back “a year or two” because of the economy. With R&D budgets pinched by slim sales, the investment in the technology simply can’t be justified right now, [...]
Everybody remembers the first two rules of Fight Club. But what about the rest of them? Like the fourth rule: “Only two guys to a fight,” and the fifth rule: “One fight at a time, fellas.” In mergers and acquisitions terms, only two parties to a merger, and one merger at a time. Well it [...]
The French government has put €6 billion ($7.79 billion USD) on the table for car companies. And as part of the effort to make sure that every drop of the money goes toward maximizing performance and retaining jobs, the French government has asked that Peugeot/Citroen and Renault company bosses take a pass on their bonuses.
Renault [...]