After separating from Citroen, as an individual brand, DS choose Iran as one of its first target markets. This company expanded its dealerships in Iran but after the ban of vehicle imports, this company faced a huge obstacle.
The European and Asian automakers are worried about United States sanctions against Iran and this made French companies to leave Iran’s vehicle market.
Evelozcity, an electric car startup based in Los Angeles and formed by ex-Faraday Future staff, announced last week the appointment of Karl-Thomas Neumann as the new head of mobility and European operations.
Four years ago, PSA Group's future in China seemed limitless. China became the automaker's largest market in 2014, with sales of 734,000 vehicles, outpacing France for the first time.
PSA Group plans to build Aisin Seiki automatic transmissions under license in France after failing to persuade the Toyota-owned supplier to invest in joint production, company sources said.
Registrations advanced to 1.21 million in the European Union and European Free Trade Area from 1.17 million a year earlier, industry association ACEA said in a statement on Thursday.
PSA Peugeot Citroen reportedly may sell one of its Chinese assembly plants after sales plunged 43 percent year on year through September to 242,000 vehicles.
In the first eight months, the partnership’s deliveries plummeted 46 percent from a year earlier to 195,138, according to figures disclosed by Dongfeng, a state-owned Chinese company.
The recent PSA Group takeover of the Opel and Vauxhall brands has forced the former General Motors (GM) subsidiaries to shelve plans for a flagship SUV, according to a new report out of the UK.
PSA Peugeot Citroën plans to re-enter the US car market after an absence of more than two decades, as part of an ambitious global push to reduce its heavy reliance on European vehicle sales.
PSA Group put new managers in place at Opel and Vauxhall on Tuesday, completing a 2.2 billion euro ($2.6 billion) takeover which helps the French company to become Europe's second-largest carmaker by sales.