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PSA seems very confident about conquering the world. The purchase of Opel/Vauxhall for €2.2 billion ($2.3B) from General Motors makes PSA the second largest car company, just behind the Volkswagen Group, but taking over Renault-Nissan’s spot.
Jean-Philippe Peugeot, a family shareholder of PSA, said that they have already discussed a potential acquisition of Opel back in 2012, as early as when the General Motors made a deal with the French company. However, it was not the right time for the marriage of both companies so they waited until this year to announce their plan to the public. He also added in his interview with a German newspaper that PSA wants to go global in the coming years. Thus, the goal was set to “conquer the rest of the world step by step”.
The acquisition includes: Opel/Vauxhall’s automotive operations, the brands they carry, assembly and component manufacturing facilities, an engineering center in Deutschland, and all their employees. Now that Opel is part of the PSA group. It is a big help for the company’s plan to achieve important economies of scale, and this means manufacturing at least three million cars for a core market. Robert Peugeot (Chairman of the PSA Group’s strategy committee) further explained himself and said that “all large carmakers have a volume of three million cars in one important market.Read the entire article PSA-Opel marriage sets out to conquer the world
Now, it has been signed. Discussions over the possible acquisition of Opel/Vauxhall from General Motors by the PSA Group have finally reached a conclusion. The parties, including international banking group BNP, have finally inked an agreement in which GM is selling both its automotive and financial operations in Europe for a whopping EUR2.2 billion (around $2.33 billion).
According to the terms of the agreement, PSA will be acquiring Opel and Vauxhall – GM’s automotive operations in Europe – for EUR1.3 billion (around $1.38 billion). PSA and BNP Paribas are forming a 50-50 joint venture to acquire the European operations of GM Financial at 0.8 times of its pro forma book value or around EUR900 million (around $953 million). Thus, the transaction – the sale of Opel/Vauxhall automotive operations and GM Financial’s entire European operations – has a total value of EUR2.2 billion.
PSA’s share of the entire transaction -- Opel/Vauxhall and half of GM Financial’s European operations – will cost the French group around EUR1.75 billion (around $1.85 billion). BNP Paribas’ share of the transaction – 50 percent GM Financial’s European operations – will cost the banking group around EUR450 million (around $476 million).Read the entire article PSA Group inks deal to acquire Opel and Vauxhall from General Motors
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5.
While still on sale on this part of the world, the C5 has been discontinued in Europe mainly due to low sales. With this in mind, Citroen is hoping to give the current version the rest it deserves by coming out with a new model that it hopes to unveil by the start of the Shanghai Motor Show, which is set for April.
At present, there is still no actual model as the preview that Citroen has shown is available in two design sketches with one for the exterior and the other for its interior. Initial impression for the design though is not that optimistic, given that instead of revealing a new generation, the drafts simply show a facelift. Early photos though have shown that the front end will be redesigned entirely. In addition to having new headlights, the bumper and the grille will be new as well ensuring that it does have a new look.Read the entire article Citroen shows glimpse of new generation C5 for China
For French carmaker Citroen, offering adventure and utility doesn’t really having mean to create an SUV or a crossover. This is why Citroen is introducing a new 4x4 minivan concept that should serve as a stylish and practical mode of transport for the modern adventurer – the Citroen SpaceTourer 4x4 E Concept.
According to Citroen, the SpaceTourer 4x4 E Concept is a contemporary vehicle that combines off-road ability, versatility and comfort, as inspired by the carmaker’s "E" collection of limited edition lifestyle products. The carmaker described the SpaceTourer 4x4 E Concept as an ideal companion for outdoor pursuits, thanks to a ground clearance that is around 60mm higher than the SpaceTourer MPV production model. But that is not all that defines the concept’s adventurous spirit.
Serving as the dynamic core of SpaceTourer 4x4 E Concept is a BlueHDi 150 S&S diesel engine mated to a six-speed manual transmission. This turbodiesel 2.0-liter, four-cylinder BlueHDi 150 S&S diesel powerplant – already featured in a number of Citroen vehicles – is rated to develop 150 hp (112 kW) of max output and 370 Nm (273 lb.-ft.) of peak torque. This amount of power is sent to all four wheels of the SpaceTourer 4x4 E Concept through a selectable 4x4 transmission courtesy of Automobiles Dangel. Thanks to this unique drivetrain, the SpaceTourer 4x4 E Concept could enjoy 4x4 traction, with Auto 4WD and R.Read the entire article Citroen introduces SpaceTourer 4X4 E Concept before 2017 Geneva Motor Show
It looks like Opel/Vauxhall will have a new owner soon. This comes as the PSA Group and General Motors are currently holding talks over the possibility of GM selling its Opel unit to the French carmaker.
The discussions were first reported by Reuters and Bloomberg News, citing sources. In a recent statement, GM confirmed that the two carmakers are exploring several strategic initiatives with the objective of improving profitability as well as operational efficiency. GM added that the discussions included a potential acquisition of Opel Vauxhall by the PSA Group. GM also noted that the carmakers have been in alliance since 2012, with the partnership covering three projects in Europe.
Selling Opel to the PSA Group wouldn’t be an easy thing to do for GM. There are quite a number of financial, industrial and political considerations that needed to be factored in. That said, both GM and PSA could also earn some benefits from such transaction.Read the entire article GM confirms holding talks to sell Opel to the PSA Group
A few weeks before Citroen reveals the production version of the replacement compact SUV for the C3 Picasso, the French carmaker has unfurled its concept variant – the Citroen C-Aircross Concept.
Splashes of bright orange, light grey and fluorescent coral colors are found inside the cabin of the Citroen C-Aircross Concept. The interior also features a sleek dashboard, suspended seats, a single spoke steering wheel with intuitive commands and a fabric-covered dashboard with a tinted "head-up vision" board.
Citroen is also touting the off-road capability of the C-Aircross Concept. It is provided with the so-called Grip Control function that allows the C-Aircross Concept to be brought away from the urban roads, making it a good companion for family getaways and hangouts with friends.Read the entire article Citroen unveils vision for C3 Picasso replacement: the C-Aircross Concept
Motorists wanting to have the 2017 Citroen C-Elysee in their respective garages may now be able to place an order for the compact sedan in France. This face-lifted iteration of the Citroen C-Elysee could be availed at a starting price of €13,750 ($14,459).
According to the French carmaker, interested customers could only avail of one trim level for the 2017 Citroen C-Elysee, dubbed as Live. The base version of the 2017 Citroen C-Elysee is laden with an array of standard equipment that includes the Citroen Connect Radio system. This feature comes with a new touchscreen (measuring seven inches), which has an interface that paves the way for a more responsive in-vehicle experience. Allowing users to connect their smartphones to the vehicle through Bluetooth, this seven-inch touchscreen serves as a hub from where users could control the multimedia and telephone functions through smartphone connectivity (Apple CarPlay, Android Auto and MirrorLink).
Designed to appeal to markets around the world, the new Citroen C-Elysee is underpinned by the same components that underpin the Peugeot 301. As many have guessed, the 2017 Citroen C-Elysee sports a revised look – although overall, its appearance has not changed that much. Cosmetics tweaks implemented on the new 2017 Citroen C-Elysee include a revised radiator grille as flanked by redesigned headlights, LED daytime running lights and fog lights as well as taillights with three-dimensional effect lights. Cosmetic tweaks for the 2017 iteration of the Citroen C-Elysee also included the addition of Lazuli Blue and Aluminum Grey colors, replacing the Teles Blue and Steel Grey hues, respectively. New 16-inch wheels could also be availed for the 2017 C-Elysee.Read the entire article 2017 Citroen C-Elysee now available to order in France with €13,750 starting price
The much-awaited car event this season will showcase Citroen Racing’s C3 WRC Concept. We have to say; we’re also just as excited to see it compete in the upcoming Monte-Carlo Rally next year. Citroen’s return to the FIA World Rally Championship definitely opens new challenges both for the French car manufacturer and the racing team.
Citroen has already won three world championship titles in the previous years. The brand is also set to take home its 3rd manufacturer’s title with its very own C-Elysée. Currently, Citroen has 96 record wins and 8 manufacturer’s titles under its belt. This only proves how Citroen is bent on winning another major title with the new C3 model. Good thing, the racing team is already preparing for the FIA WRC and is more daring than ever.
Although Citroen is bringing the new C3 in this year’s motor show in Paris, we just found out they have yet to finalise other details for the racecar version. Still, the world will see it up close for the first time and that would be enough to give everyone an impression of what to expect after the final touches.Read the entire article Citroen introduces 2017 C3 WRC with highly promising concept
The 2016 Paris Motor Show is fast approaching and fans and critics alike are excited to see what the automakers have in store this year. One automaker however, has decided to show off its newest concept car before its supposedly grand revelation at the Paris Motor Show; and that automaker is none other than Citroën.
The French automaker has recently revealed the Citroën CXperience Concept, a car that embodies its maker’s mantra: “Be Different, Feel Good” despite being a fairly large sized saloon. The CXperience Concept aims to become an ambassador for global comfort – for which Citroën has been known for.
In terms of design, it has a very distinctive body style that benefits from the Citroën Advanced Comfort programme which focuses on the well-being and comfort of its occupants. At almost 5 meters in length, this two-box saloon’s new and exceptional international body styling puts the French automaker a step forward towards success. The unique and distinctive body lines on the CXperience take it to a whole new level in the executive saloon department. The designing itself puts a stamp of Citroën on the CXperience, with its shape lines and graphics screaming Citroën. It has also been designed to give emphasis on the aerodynamic properties of the concept car. All these are the works of Citroën Styling at the Design Centre in Velizy, brilliant minds that have found ways to show Citroën’s brand new aesthetic codes – high tech on the inside, but warm and cozy on the inside.Read the entire article Citroen CXperience Concept is unveiled ahead of the 2016 Paris Motor Show
Citroën Racing is continuing to develop their 2017 World Rally Car in Portugal, less than a month after the race. Kris Meeke and Stéphane Lefebvre achieved considerable mileage during the four-day test despite challenging weather variations and conditions.
The initial test was completed in southern France. Almost immediately after, Citroën Racing took their 2017 World Rally Car to the Algarve in Portugal for a second set of development test runs. The car is a prototype assembled by the Versailles Technical Centre. The testing team of Kris Meeke, Paul Nagle, Stéphane Lefebvre and Gabin Moreau had their hands full negotiating the car through fog, rain and hail as well as sunny weather, in preparation for the Rally de Portugal where they will be part of the Abu Dhabi World Rally Team.
Laurent Fregosi, Technical Director of Citroën Racing said that they were very thankful to put the car through such a variety of weather conditions to thoroughly evaluate the possible set-ups and how the body withstood accumulations of mud. The test objectives included assessing how the car’s components reliability held up. Mileage for each part is recorded and verified with the specifications. Additionally, Fregosi adds that they “also focused on looking for performance and driver comfort.”Read the entire article Citroën Racing gets ready for 2017 World Rally Car challenge in Portugal
French carmaker Citroen and French fashion house Courreges have partnered to create a car inspired by the Citroen e-Mehari. The Citroen e-Mehari by Courreges concept car is an all-electric four-seat cabriolet that exemplifies the values being triumphed by the two French brands.
For instance, Citroen is advancing the creativity, freedom and optimism, which are also part of the philosophy of the French fashion house. Just as Courreges revolutionized the fashion world of the 60s and the 70s, Citroen reformed the motoring world with the Mehari, which was launched in 1968.
Both brands are driven by free-thinking visionaries and both share the essence of freedom, creativity and youth. Realizing that the Courreges carries the same values it has, Citroen approached the fashion house to collaborate on transforming the new e-Mehari model into a distinct yet gleaming creation.Read the entire article Citroen and Courreges work together to create e-Mehari by Courreges concept car
French automobile maker Citroen, in collaboration with the popular French pop group “HYPHEN HYPHEN”, will unveil its latest 4x4 concept vehicle in the upcoming 2016 Geneva Motor Show. It is dubbed the Citroen SpaceTourer HYPHEN concept.
Geared towards an adventurous mindset, the CitroenSpace Tourer HYPHEN concept is best described as breezy, bright and unlimited. Because of this, it can easily motivate worry-free unrestricted journeys. In addition, its wide spacious interior encourages families and groups to travel together as it sends out the message that everyone is welcome to partake of this adventure.
Coming from the same mold, joining forces with the pop group HYPHEN HYPHEN is only natural. The group from Nice, South of France is known for their upbeat, vibrant music and is so popular among its fans that the group was even nominated for the 2016 French Music Awards.Read the entire article 2016 Geneva Motor Show: French Pop Group inspires Citroen SpaceTourer Hyphen Concept
The highly versatile Citroen SpaceTourer is set to make its global premiere at the 2016 Geneva Motor Show this March. The vehicle is the perfect epitome of comfort, performance, fuel-efficiency, looks, and practicality all combined into one spectacular SpaceTourer.
Equipped with the latest innovations, the car provides unparalleled safety and user-friendly driving experience. The new modular EMP2-based platform offers a bigger cabin space and superior manoeuvrability. This platform is a variation of those used by the C4 Picasso and the Grand C4 Picasso.
The 4.60-meter long SpaceTourer can be availed in three versions. A first in the automobile market, the vehicle has a nine-seater capacity. It is specifically designed for both family and business-oriented people. Some of its key features include hands-free sliding doors on the side and a rear window that can be fully opened.Read the entire article 2016 Geneva Motor Show: Citroen SpaceTourer is targeted for family/business needs
The Citroën Méhari – produced from 1968 to 1988 – is considered as one of the few iconic vehicles that have unique styling yet remains sassy and confident. As a nod to this iconic off-roader, Citroën, in partnership with Bolloré Group, is introducing an all-electric cabriolet that could seat four persons – the E-MÉHARI.
This new SUV is Citroën's way of confirming its goal of offering modern and fun vehicles that are unique from the rest. Citroën describes the E-MÉHARI as a bold, vibrant vehicle that is in tune with its spirit.
As an "it car," the E-MÉHARI is designed for those seeking an alternative yet trendy vehicle. Since the E-MÉHARI is inspired by the 1968 Méhari, it features a number of elements seen on the original vehicle, For instance, just like the original Méhari, the E-MÉHARI is a convertible, featuring a removable top closed at the side through a foldaway system with large windows.Read the entire article Citroen announces debut of all-electric e-Mehari cabriolet
PSA Peugeot Citroen and Toyota Motor Europe have unveiled the products of their cooperation deal inked in 2012 – the new Citroën SpaceTourer, Peugeot Traveller, and Toyota ProAce. The unveiling serves as the continuation of the carmakers' 2012 cooperation agreement signed in 2012.
They had agreed at the start of their cooperation that both would collaborate on next generation vehicles until beyond the end of the decade.
Their collaboration is aimed at making both PSA and Toyota come up with a competitive product in the mid-size, light commercial vehicle, shuttle and Combi segments while incurring lesser expenses due to development and production cost optimization.Read the entire article 2016 Citroen SpaceTourer, Peugeot Traveller, Toyota ProAce vans unveiled
Just like the C4 Cactus, the Cactus M has the looks as well as the functionality of an SUV, highlighted by its design and features. For instance, the Cactus M is accorded with dynamic sculpted lines both at the front and rear as well as with thick pillars and a 60-degree raked windscreen.
It is also equipped with tall and narrow tires for increased wheel diameter and a taller body. Additionally, the concept is accentuated with sculpted wheel arches.Read the entire article Citroen Cactus M Concept unveiled at 2015 Frankfurt Motor Show
The Citroën C4 Picasso has once again managed to get the “Best MPV” during the 2015 Fleet World Honours held in London. Citroën had previously won this award in 2014. The new award in fact named the C4 Picasso as joint winner with Grand C4 Picasso. Fleet World Honours judge Steve Moody commented that Citroën had been manufacturing excellent MPVs and it is the C4 Picasso that takes advantage of this fact.
The 5-seater C4 Picasso is both stylish and distinctive but remains practical. Moody adds that what made the Grand C4 Picasso win is that it does not stop in setting the standard of the class and is the only 7-seater MPV than has less than 100g/km of CO2 emission despite not having a hybrid technology.
Both the C4 Picasso and Grand C4 Picasso give buyers a wide range of equipment choices like an active radar-guided cruise control, dual-zone air conditioning, 7-inch Touch Drive interface with a 12-inch panoramic HD central display, and panoramic windscreen.Read the entire article Citroën C4 Picasso wins 2015 “Best MPV” at Fleet World Honours
PSA/Peugeot-Citroen is willing to enter partnerships with other automakers to spread the cost of designing and building minicars, according to PSA CEO Carlos Tavares. The company has an existing cooperation agreement with Toyota Motor Corp. – a deal that Tavares said is “moving very smoothly, very collaboratively."
He explained that he aims to sustain PSA's cost-sharing effort with Toyota in minicars. He told reporters who attended the Shanghai auto show that if there are other auto companies who want to join in and share costs, he will talk about it with partner Toyota. However, he confirms that PSA is open to being in partnership with other companies to share expenses.
Since 2005, Toyota and PSA have been producing a jointly developed minicar at their joint plant in the Czech Republic. Toyota badges this car as the Aygo, Peugeot calls it the 108, and Citroen sells it as the C1. Toyota said that this plant presently is capable of manufacturing 340,000 cars a year for all three brands.Read the entire article PSA/Peugeot-Citroen is open to team up with other automakers for minicar production
Just a year after PSA/Peugeot-Citroen launched a major turnaround plan, it has announced a plan to raise production in Europe by 10% as the market recovers and the demand for its models become stronger. The restyled Peugeot 208 subcompact and newly launched Citroen C4 Cactus crossover are two of the models that have been in demand.
From May to August, PSA will increase its output by 60,000 units. There has been an increase in European registrations that may make the recovery targets cited by CEO Carlos Tavares appear too conservative in comparison. In March 2015, the automaker’s sales increased by 8.9% while the total market experienced an 11% gain.
The mid-market brands like Peugeot and Citroen seem to have gained better footing, doing better than the plain budget cars that did well even during the downturn. In a statement, PSA announced that all three of its brands (Peugeot, Citroen and DS) will increase their volumes. Over this period, the production of the C4 Cactus in Madrid will go up by 9,000 units more.Read the entire article PSA/Peugeot-Citroen will boost European production by 10%
Citroen is thinking about using a new naming structure for its models so that they can be distinguished better within the lineup of parent PSA/Peugeot-Citroen. The brand presently uses a dual naming system. For its core models, the letter “C” is followed by a number. For instance, Citroen’s topseller in Europe is named the C3 subcompact.
Following it is the C4 compact. A name is added for variants of core models, such as the C3 Picasso and C4 Picasso minivans, C4 Cactus crossover and C4 Aircross SUV. So far, Citroen has not given details of its new naming policy. According to a report from French business paper Les Echos, a study was initiated by Citroen CEO Linda Jackson for a new naming structure for the brand.
When asked by Automotive News Europe, a Citroen spokeswoman said that the possibility is being studied but that it’s too early to provide details. Ian Fletcher, an analyst for IHS Automotive told Automotive News Europe, said that if Citroen gets a new policy, it may be a better reflection of the brand’s various models as well as be able to differentiate it further from PSA’s Peugeot and DS brands.Read the entire article Citroen mulls plan to use new naming structure
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