PSA extends EV roadside assistance plan | Automotive Industry News

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PSA denies FCA merger plans being reassessed | Automotive Industry News

Groupe PSAs Carlos Tavares and FCAs Mike Manley share a congratulatory handshake after signing a merger agreement on 18 December 2019

Groupe PSA’s Carlos Tavares and FCA’s Mike Manley share a congratulatory handshake after signing a merger arrangement on 18 December 2019

Groupe PSA has denied that it is wanting afresh at the proposed economical phrases of a merger with Fiat Chrysler Cars. Together with other huge OEMs, each individual could soon be going through important troubles if there is an extended financial downturn in their residence locations.

Trying to find to quash rumours that the agreed phrases of a tie-up required to be altered, PSA instructed Agence France-Presse in an emailed assertion, “The merger helps make sense much more than

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Vauxhall weighs in with strong sales as PSA increases profits

British brand Vauxhall has contributed sizeable revenue to a robust set of economic effects in 2019 for its dad or mum organisation, Group PSA, it has been announced.

The automotive giant, which features brands Peugeot, Citroen and DS as effectively as Vauxhall and Opel, marketed a bit fewer autos over-all in 2019 in contrast with 2018, but enhanced its profit margin for the sixth straight calendar year, to 8.five for every cent. Its web income rose 11 for every cent, providing a web profit of €3.3billion (£2.76billion).

• FCA and PSA merger agreed

PSA boss Carlos Tavares paid certain tribute

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