|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||20.52 - 20.90|
|52-week range||17.17 - 25.40|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||6.83|
|Earnings date||24 Jul 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||24.75|
(Adds analyst comment, shares, details) By Laurence Frost and Gilles Guillaume PARIS, April 25 (Reuters) - Peugeot maker PSA Group reported a 1.1 percent decline in first-quarter revenue, as a sales decline ...
European carmakers must significantly reduce per-kilometer CO2 emissions by 2020 or face huge fines.
For the 60-year-old chief executive officer of Peugeot owner PSA Group, that means seizing opportunities for growth. Tavares is meeting with advisers with a goal of finding a partner for PSA that will transform the French automaker into a global force, Bloomberg News reported on Monday. Such a deal -- whether a merger or an alliance -- could vault PSA into the ranks of the world’s biggest carmakers and make Tavares a dealmaking titan akin to Carlos Ghosn and Sergio Marchionne.
LONDON (AP) — Gregory McDonald strides across the spotless factory floor at his company, Goodfish, glowing with pride. He plowed his life savings into the injection-molding equipment that churns out plastic parts for everything from aircraft to sprinkler systems and disposable medical devices. He's ready to do anything necessary to protect that investment.
The exact timing for relaunching Peugeot in the U.S. has yet to be determined, Dominique, a former Nissan executive, emphasized, noting that it could stretch out as late as 2026 though it will more likely happen sooner.
PSA Group's Peugeot lineup will lead a return to the United States after an absence of almost three decades, as the French carmaker seeks to expand beyond Europe. Paris-based PSA will also launch the Citroen brand in India and revive Opel sales in Russia as it pursues a 50 percent group sales increase outside its home region by 2021. Europe now accounts for 80 percent of PSA's global vehicle sales after its purchase of General Motors' Opel-Vauxhall division in 2017.
, the French car maker, is planning a U.S. comeback. PSA Group said Tuesday it is pushing forward with plans to return its Peugeot brand to the crowded North American market, after an absence of almost three decades. to power growth at the French car maker, which in recent years turned around its struggling European business and is now seeking new markets overseas.
The French maker of Peugeot automobiles plans to reintroduce the cars to North American markets. PSA Group, which also makes Citroen, did not say when it expects the 200-year-old Peugeot brand to make it to American and Canadian showroom floors. The company said Tuesday that the return of the Peugeot is part of a ten-year plan announced in 2016, which includes a car sharing service of more than 500 vehicles introduced in Washington, D.C., last year.
On Tuesday, it announced a 2018 operating margin of 8.4%, excluding the Opel-Vauxhall division it bought from General Motors in 2017, up from -2.8% in 2013. The only other European car maker to have given investors better than flattish returns over the same period is Fiat Chrysler under the late Sergio Marchionne. The European recovery is now in the rearview mirror, replaced in the windshield by a series of obstacles: flat car sales in most big markets, Brexit, the shift to electric vehicles and even a potential shift from car sales to car subscription plans.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
The French car manufacturing giant PSA Group — which sells Peugeot and Vauxhall vehicles — is preparing to take on Ford and GM on their home turf.
European car registrations fell 8.7 percent year-on-year in December, with sales at all major carmakers except Daimler and Jaguar Land Rover contracting as the introduction of tougher new emissions tests ...
The top business, market and economic stories you should be watching today in the UK, Europe and abroad.
BEIJING/SHANGHAI, Jan 14 (Reuters) - Car makers in China will face more fierce competition this year, after a tough 2018 when the world's biggest auto market contracted for the first time in more than two decades, the country's top auto industry association said on Monday. Companies such as homegrown Geely and Britain's biggest automaker Jaguar Land Rover have already in recent days flagged caution about China sales in 2019, hit also by Beijing's trade war with the United States.
Ford said on Thursday it will cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe. Ford Europe has been losing money for years and pressure to restructure its operations has increased since arch-rival General Motors (NYSE: GM - news) raised profits by selling its European Opel and Vauxhall brands to France's Peugeot SA (Other OTC: PUGOF - news) . Ford said it will seek to exit the multivan segment and focus on developing more profitable "crossover" and sports utility vehicles, and will stop manufacturing automatic transmissions in Bordeaux in August.
Western European car sales fell 8.5 percent in December to end the year slightly lower, as emissions-test bottlenecks gave way to a broader economic slowdown and consumer jitters over Brexit and trade, according to LMC Automotive data. Its numbers are based on national sales data and estimates for some of the smallest markets. Prospects for 2019 are "a little brighter", the firm said, predicting Western European sales growth of 0.8 percent for the year on the assumption that London and its EU partners reach agreement on the terms of Britain's departure from the bloc.
** JP Morgan says European autos sector is unlikely to re-rate over H1 2019 reflecting a similar tone to H2 2018 ** Broker expect most stocks to "continue to be valued at mid-cycle margin multiples" ...
BERLIN, Dec (Shanghai: 600875.SS - news) 28 (Reuters) - Germany on Friday cleared away legal hurdles for carmakers to upgrade exhaust emissions filtering systems on older diesel cars as a way to avoid vehicle bans, but failed to quell doubts among manufacturers and suppliers over the effectiveness of retrofits. Carmakers have been forced to consider upgrading exhaust treatment systems on older cars after German cities started banning heavily polluting diesel vehicles to cut pollution from fine particulate matter and toxic nitrogen oxides.