How does the French government save an ailing car maker that employs thousands of people without actually bailing out the auto maker? By baling out their finance unit, of course!
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Tag: Citroen
Ratings firm Fitch released a memo Tuesday outlining some possible problems relating to the proposed GM-PSA merger.
50 Cabinet ministers, judges and high ranking police officials in Israel were offered the choice of a new state car this past summer, and had the option of a BMW 528i or a Citroen C5. 28 of the 50, mostly cabinet ministers, picked the Citroen after a significant public backlash surrounded the BMWs.
France is asking the EU to look into an uptick in South Korean car imports, which could possibly result in tarrifs being slapped on the vehicles, despite an EU-South Korean free trade agreement.
The establishment of a new manufacturing base in North Africa has fascinated me for the past couple months – though few others seem to really care. The leader in this movement has been Renault, which is setting up plants in Morocco and Algeria to build their popular, low-cost Dacia vehicles in factories where employees earn a fraction of what a French assembly line worker would make.
PSA doesn’t have a low-cost brand of it’s own, so jobs haven’t gone across the Strait of Gibraltar – yet. But the closing of the Aulnay plant, where a massive contingent of North African immigrants (now French citizens) work, is a compelling snapshot of the socioeconomic and racial dynamics of France that happens to intersect with the auto industry.
It’s been a long time coming, but PSA has finally done it; the parent company of Peugeot and Citroen is cutting 8,000 jobs and closing an assembly plant outside Paris, as the carmaker tries to cope with a sagging market and excess capacity.
Francois Hollande has officially been sworn in as France’s new head of state, and as expected, his official car is a Citroen DS5 Hybrid4. But his predecessor may have one-upped the upstart Socialist with a choice ride of his own.
With all the rumors about German-built Citroens and re-badged French MPVs, it’s time to do what North American car lovers do best; cast a greedy eye upon vehicles we can’t get, and talk about how much we’d like them.
With Opel’s fortunes in the toilet and Chevrolet vehilces gaining ground in Europe, Opel brass are looking at an obvious solution – stop building Chevrolet products in South Korea and start building them in Europe.
Even though Opel will be tasked with developing the next Citroen C5, PSA will be responding in kind by providing some expertise of their own, in the form of small minivans.
With a new Citroen C5 due in 2016, production of the mid-size Citroen will shift from PSA’s Rennes plant to an undisclosed Opel facility. A French car, built by Germans – eat your heart out, Clemens.
Shortly after our man Clemens Gleich tested out the Citroen DS5, the diesel-hybrid from PSA is getting another nod of approval from a jovial European – France’s new President, Francois Hollande.
Sanctions imposed on Iran by the EU and the United States have compelled PSA to delay parts shipments to Iran Khodro until September at the earliest.
I hate France. I hate it with a vengeance. Anyone who has ever had the misfortune of landing at Charles De Gaulle Airport will understand what I mean. So when a colleague from “Die Welt” (“The World”, a major German newspaper) returned from his drive of the Citroen DS5 and excitedly exclaimed “This is the best French car in 20 years!”, we haters just laughed. He might as well have returned covered in pustules, exclaiming “This is my best syphilis infection in 20 years!” I also hate hybrids. This too is easily comprehensible by anyone who has a look at the smug ignoramuses driving these ugly gravity lenses. And I hate diesel. It is the fuel of lorries and Satan.
What do Buick, Volvo, Infiniti, Mini, Cadillac, Lincoln, Suzuki and Scion have in common? All were outsold by Fiat in Canada last month.
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