PSA Group http://www.globalpost.com/taxonomy/term/29049/all en Auto sales in France fall in January: trade data http://www.globalpost.com/dispatch/news/afp/130201/auto-sales-france-fall-january-trade-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Sales of new cars in France showed another steep fall in January, dropping by 15.0 percent on a 12-month comparison, trade data showed on Friday.</p> <p>The figures from the association of French car manufacturers showed that the hard-hit French automakers continued to suffer. Sales by Peugeot Citroen fell by 16.7 percent and Renault's sales by 7.4 percent.</p> <p>fio/hd/wai</p> <p>PSA PEUGEOT CITROEN</p> <p>RENAULT</p> Peugeot PSA Group Transport AFP Fri, 01 Feb 2013 09:45:59 +0000 Agence France-Presse 5742705 at http://www.globalpost.com Czech industrial output sinks by 1.2% in 2012 http://www.globalpost.com/dispatch/news/afp/130206/czech-industrial-output-sinks-12-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Industrial output in the recession-hit Czech Republic fell by 1.2 percent in 2012 on an annual comparison, official data showed on Wednesday.</p> <p>In December 2012, industrial output adjusted for workdays tumbled by 5.8 percent against the same month of 2011, after a 17.7-percent decline in car production in the country's large auto sector, the Czech Statistical Office said.</p> <p>The Czech central bank expects the country's economy contracted by 0.9 percent last year and will manage 0.2 growth this year.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/czech-industrial-output-sinks-12-2012" target="_blank">read more</a></p> Czech Republic Entertainment PSA Group AFP Wed, 06 Feb 2013 12:01:06 +0000 Agence France-Presse 5747439 at http://www.globalpost.com URGENT ¥¥¥ PSA Peugeot Citroen writes off 4.7 bn euros for 2012: company http://www.globalpost.com/dispatch/news/afp/130207/urgent-psa-peugeot-citroen-writes-47-bn-euros-2012-company <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Embattled French auto group PSA Peugeot Citroen announced a huge writeoff of 4.7 billion euros ($6.29 billion) for 2012 on Thursday, due to an extremely difficult European market, but said debt and cash targets for the year had been met.</p> <p>The large majority of the charge pertained to the group's auto business, the company said in a statement, but "neither solvability nor liquidity" were affected.</p> <p>laf/bpi/arp/lc</p> <p>PSA PEUGEOT CITROEN</p> PSA Group PSA Peugeot Citroën PSA Peugeot Citroen Transport AFP Thu, 07 Feb 2013 20:30:51 +0000 Agence France-Presse 5749364 at http://www.globalpost.com PSA Peugeot Citroen announces 4.7 bn euro writedown http://www.globalpost.com/dispatch/news/afp/130207/psa-peugeot-citroen-announces-47-bn-euro-writedown <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Embattled French auto group PSA Peugeot Citroen announced a huge writedown of 4.7 billion euros ($6.29 billion) for 2012 on Thursday, due to an extremely difficult European market, but said debt and cash targets for the year had been met.</p> <p>The large majority of the charge pertained to the group's auto business, the company said in a statement, but "neither solvability nor liquidity" were affected.</p> <p>The announcement comes one week before the company is to announce annual earnings and signals it is likely to post a huge loss for 2012.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/psa-peugeot-citroen-announces-47-bn-euro-writedown" target="_blank">read more</a></p> PSA Group PSA Peugeot Citroën PSA Peugeot Citroen Social Issues Transport AFP Thu, 07 Feb 2013 21:16:18 +0000 Agence France-Presse 5749399 at http://www.globalpost.com Peugeot shares plunge, rally on writedowns and bailout talk http://www.globalpost.com/dispatch/news/afp/130208/peugeot-shares-plunge-rally-writedowns-and-bailout-talk <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in PSA Peugeot Citroen fell by more than four percent on Friday after the embattled French auto group announced a writedown of 4.7 billion euros ($6.3 billion) for 2012, but then rallied for a net gain on talk of further state support.</p> <p>Six minutes into trading shares in the carmaker were down 4.29 percent to 5.62 euros while the Paris CAC 40 index was up 0.41 percent, but within forty minutes were showing a net gain of 3.64 percent to 6.09 euros.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/peugeot-shares-plunge-rally-writedowns-and-bailout-talk" target="_blank">read more</a></p> Peugeot PSA Group Transport AFP Fri, 08 Feb 2013 09:47:11 +0000 Agence France-Presse 5749764 at http://www.globalpost.com Peugeot shares plunge, rally on writedowns and bailout talk http://www.globalpost.com/dispatch/news/afp/130208/peugeot-shares-plunge-rally-writedowns-and-bailout-talk-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in PSA Peugeot Citroen fell by more than four percent on Friday after the embattled French auto group announced a writedown of 4.7 billion euros ($6.3 billion) for 2012, but then rallied for a net gain on talk of further state support.</p> <p>Six minutes into trading shares in the carmaker were down 4.29 percent to 5.62 euros, but within forty minutes the share price had rebounded to show a net gain of 3.64 percent to 6.09 euros. </p> <p>Later, at 0850 GMT PSA Peugeot Citroen shares were showing a gain of 2.50 percent to 6.00 euros while the Paris CAC 40 index was up 0.66 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/peugeot-shares-plunge-rally-writedowns-and-bailout-talk-0" target="_blank">read more</a></p> Peugeot Peugeot PSA Group PSA Peugeot Citroen Transport AFP Fri, 08 Feb 2013 10:01:28 +0000 Agence France-Presse 5749798 at http://www.globalpost.com Ministry says French state capital for Peugeot not on agenda http://www.globalpost.com/dispatch/news/afp/130208/ministry-says-french-state-capital-peugeot-not-agenda <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The French state is not planning to take a stake in automaker PSA Peugeot Citroen, the finance ministry told AFP on Friday shortly after Budget Minister Jerome Cahuzac had said that this was a possibility to help the company.</p> <p>"The involvement of the state in the capital of PSA (Peugeot Citroen) is not on the agenda," a source close to Economy and Finance Minister Pierre Moscovici told AFP.</p> <p>fff/hd/rl</p> <p>PSA PEUGEOT CITROEN</p> Peugeot PSA Group PSA Peugeot Citroën PSA Peugeot Citroen Transport AFP Fri, 08 Feb 2013 10:01:33 +0000 Agence France-Presse 5749801 at http://www.globalpost.com Peugeot shares see-saw on writedowns and bailout talk http://www.globalpost.com/dispatch/news/afp/130208/peugeot-shares-see-saw-writedowns-and-bailout-talk <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in PSA Peugeot Citroen see-sawed on Friday on talk of further state support for the embattled French auto group after it announced a massive writedown of 4.7 billion euros ($6.3 billion) for 2012. </p> <p>At the opening of trading shares in the carmaker plunged by nearly 5.0 percent on Thursday's announcement of the charge to reflect that the crisis in the European car market is likely to last longer than previously thought.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/peugeot-shares-see-saw-writedowns-and-bailout-talk" target="_blank">read more</a></p> Peugeot PSA Group PSA Peugeot Citroën PSA Peugeot Citroen Transport AFP Fri, 08 Feb 2013 10:45:58 +0000 Agence France-Presse 5749862 at http://www.globalpost.com Peugeot shares see-saw on writedowns and bailout talk http://www.globalpost.com/dispatch/news/afp/130208/peugeot-shares-see-saw-writedowns-and-bailout-talk-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in PSA Peugeot Citroen see-sawed on Friday on talk of further state support for the embattled French auto group after it announced a massive writedown of 4.7 billion euros ($6.3 billion) for 2012. </p> <p>At the opening of trading shares in the carmaker plunged by nearly 5.0 percent on Thursday's announcement of the charge to reflect that the crisis in the European car market is likely to last longer than previously thought.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/peugeot-shares-see-saw-writedowns-and-bailout-talk-0" target="_blank">read more</a></p> Peugeot Peugeot PSA Group PSA Peugeot Citroen Social Issues Transport AFP Fri, 08 Feb 2013 11:46:34 +0000 Agence France-Presse 5749929 at http://www.globalpost.com CORRECTED-UPDATE 2-France has no plan for Peugeot stake-ministry source http://www.globalpost.com/dispatch/news/thomson-reuters/130208/update-2-france-has-no-plan-peugeot-stake-ministry-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Corrects bullet point to say 4.1 bln eur, not 1.4 bln)</p> <p>* An equity investment by the state not on agenda-govt</p> <p>* Company "must not disappear", budget minister says</p> <p>* Peugeot announced 4.1 bln eur non-cash writedown</p> <p>* Shares up 0.2 pct</p> <p>By Yann Le Guernigou and Lionel Laurent</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130208/update-2-france-has-no-plan-peugeot-stake-ministry-source" target="_blank">read more</a></p> Entertainment Peugeot Peugeot PSA Group PSA Peugeot Citroen Technology Transport Thomson Reuters Fri, 08 Feb 2013 12:00:34 +0000 Thomson Reuters 5749939 at http://www.globalpost.com UPDATE 4-French PM says no current plan for Peugeot stake http://www.globalpost.com/dispatch/news/thomson-reuters/130208/update-3-no-plan-peugeot-stake-frances-pm-says <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Equity investment by the state not on agenda-Ayrault</p> <p>* Company "must not disappear", budget minister says</p> <p>* Peugeot announced 4.1 bln eur non-cash writedown</p> <p>* Shares up 0.8 pct (Recasts, adds background)</p> <p>By Catherine Lagrange and Yann Le Guernigou</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130208/update-3-no-plan-peugeot-stake-frances-pm-says" target="_blank">read more</a></p> Business Entertainment Labor Law Peugeot Peugeot PSA Group PSA Peugeot Citroen Social Issues Transport Thomson Reuters Fri, 08 Feb 2013 14:19:12 +0000 Thomson Reuters 5750100 at http://www.globalpost.com Brussels approvs French aid to Peugeot temporarily http://www.globalpost.com/dispatch/news/afp/130211/brussels-approvs-french-aid-peugeot-temporarily <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Commission authorised France on Monday temporarily to rescue car-maker PSA Peugeot Citroen to the tune of a six-month 1.2-billion-euro guarantee.</p> <p>But the EU executive said in a statement that it wanted to see within six months a restructuring plan for the entire group.</p> <p>Approval of "this guarantee was necessary to ensure access to the market of Banque PSA Finance (the banking arm) and avoid contagion of the French banking system that would affect banks' cost of financing," the statement said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/brussels-approvs-french-aid-peugeot-temporarily" target="_blank">read more</a></p> PSA Group PSA Peugeot Citroën Transport AFP Mon, 11 Feb 2013 12:30:59 +0000 Agence France-Presse 5752588 at http://www.globalpost.com Peugeot Citroen says to idle Slovak plant four days http://www.globalpost.com/dispatch/news/afp/130211/peugeot-citroen-says-idle-slovak-plant-four-days <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>French auto giant PSA Peugeot Citroen said Monday it would temporarily suspend production at its Slovak plant for four days in March, after a four-day freeze in February over low demand.</p> <p>"The situation on the market hasn't changed, we see no signs of improvement in the European Union," the company's main market, spokesman Peter Svec told AFP.</p> <p>"PSA in Trnava, western Slovakia, will freeze output for four more days in March," he added.</p> <p>According to local media, PSA's 3,500 employees will receive 65 percent of their normal wages during the stoppage.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130211/peugeot-citroen-says-idle-slovak-plant-four-days" target="_blank">read more</a></p> Business Labor Law Peugeot PSA Group PSA Peugeot Citroën PSA Peugeot Citroen Transport AFP Mon, 11 Feb 2013 17:30:38 +0000 Agence France-Presse 5752883 at http://www.globalpost.com URGENT ¥¥¥ Peugeot unveils historic 5 bn euro loss for 2012 http://www.globalpost.com/dispatch/news/afp/130213/urgent-peugeot-unveils-historic-5-bn-euro-loss-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Embattled French auto giant PSA Peugeot Citroen announced Wednesday a net loss of five billion euros ($6.7 billion) for 2012, the worst result in its history.</p> <p>Peugeot, France's number one carmaker, blamed the massive loss on a 4.7 billion euro writedown last year and the crisis in the European car market. Revenue fell 5.2 percent to 55.4 billion euros.</p> <p> laf/bpi/txw/dan</p> Economy of France EUR PSA Group Transport AFP Wed, 13 Feb 2013 10:30:37 +0000 Agence France-Presse 5754223 at http://www.globalpost.com Peugeot unveils historic 5 bn euro loss for 2012 http://www.globalpost.com/dispatch/news/afp/130213/peugeot-unveils-historic-5-bn-euro-loss-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Embattled French auto giant PSA Peugeot Citroen announced Wednesday a massive net loss of five billion euros ($6.7 billion) for 2012, the worst result in its history.</p> <p>But France's number one carmaker said it had built the foundations for recovery after cleaning up its balance sheet and implementing a tough restructuring plan.</p> <p>Peugeot blamed the results on a previously announced 4.7 billion euro asset writedown last year and the crisis in the European car market.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/peugeot-unveils-historic-5-bn-euro-loss-2012" target="_blank">read more</a></p> EUR Peugeot Peugeot PSA Group PSA Peugeot Citroen Transport AFP Wed, 13 Feb 2013 10:31:40 +0000 Agence France-Presse 5754249 at http://www.globalpost.com