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What Next for Fiat Chrysler and Renault?

What Next for Fiat Chrysler and Renault?

The French government is weighing in on the proposed Fiat Chrysler-Renault merger plan and underscores the potential challenges the automotive merger faces before it can be completed. Following four months of talks, FCA on Monday proposed a merger-of-equals with the...
PSA’s Tavares Throws Cold Water on Hot FCA Rumor

PSA’s Tavares Throws Cold Water on Hot FCA Rumor

Fiat Chrysler Automobiles appeared to be the belle of the automotive partnership ball recently, but one of its suitors looks to have a wandering eye. PSA Group CEO Carlos Tavares pushed back on reports that FCA and PSA were in talks to enter into any type of agreement...
A New Partner for Fiat Chrysler? Peugeot Says Maybe

A New Partner for Fiat Chrysler? Peugeot Says Maybe

The late Sergio Marchionne spent much of his tenure searching for a partner for Fiat Chrysler, and now it appears a new mate for FCA is in the picture and creating buzz that Marchionne likely would have enjoyed: Peugeot. Robert Peugeot, president of Peugeot family...
Pickups, SUVs Push GM Profit Well Above Expectations

Pickups, SUVs Push GM Profit Well Above Expectations

General Motors handily beat Wall Street’s earnings forecast for the fourth quarter and full year a strong performance that reflects both booming truck demand and the payoff of shedding the company’s long-struggling European operations. For the final quarter of 2018,...
Ford Expected to Cut “Thousands” of European Jobs

Ford Expected to Cut “Thousands” of European Jobs

With speculation swirling about the details of an almost certain link up between Ford Motor Co. and Volkswagen AG, the company announced it plans to cut “thousands” of jobs in Europe in the near term. “We are taking decisive action to transform the Ford business in...
Toyota, PSA Extend Partnership in European Market

Toyota, PSA Extend Partnership in European Market

Toyota Motor Corp. and PSA, the Paris-based automaker that operates Peugeot, Citroen and Opel, have made a deal to expand their long-term partnership in the European market. Under the terms of the new agreement, PSA will expand the range of commercial vehicles that it...
Ford Denies Plans to Slash European Car Line-Up

Ford Denies Plans to Slash European Car Line-Up

Ford Motor Co. is denying a report by the British newspaper, The Times, that it plans to radically cut back its European line-up and shift focus to more profitable SUVs – echoing steps it plans to take in the U.S. market. The Times reports that Ford would eliminate...
PSA Makes Opel Profitable a Year After Buying It From GM

PSA Makes Opel Profitable a Year After Buying It From GM

In just about a year, PSA Group managed to do something General Motors Co. hadn’t done 20 years: squeeze a profit out of Opel. PSA bought the company as well as its British sibling Vauxhall from GM for $1.3 billion euros last year. The German brand reported a profit...
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