peugeot open to alliances with other carmakers
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Peugeot open to alliances with other carmakers

Arab Today, arab today

Arab Today, arab today Peugeot open to alliances with other carmakers

Paris - AFP

France\'s largest carmaker PSA Peugeot Citroen said Thursday it may form an alliance with another auto group, as it announced that weak demand in Europe dragged its 2011 sales down by 1.5 percent. \"We don\'t exclude the possibility of accelerating what we\'re doing through a broader alliance,\" said Frederic Saint-Geours, the head of the group\'s Peugeot and Citroen brands. He said no talks were currently under way with any group and that any future alliance would have to be coherent with Peugeot Citroen\'s strategy, must create real synergies and must not jeopardize the firm\'s independence. \"We are quite open provided these conditions are met,\" Saint-Geours said. Fiat chief executive Sergio Marchionne said this week at the Detroit Auto Show that his firm was open to the idea of bulking up with another volume carmaker to create economies of scale. Marchionne met Peugeot Citroen chief executive Philippe Varin on the sidelines of the show and some observers took this as being a possible prelude to a link-up between the two companies. PSA, Europe\'s second-largest carmaker, meanwhile said in a statement Thursday that it sold 3.5 million vehicles last year, a decline of 1.5 percent due to lower demand for cars in Europe. The company\'s sales in Europe fell 6.1 percent, mainly due to weaker sales in the sub-compact segment, while they rose 11 percent in Latin America, 7.7 percent in China and 35 percent in Russia, it said. The carmaker, which employs over 205,000 people around the world, including 100,000 in France, said it expects overall sales in Europe will fall again in 2012. But it said it expects sales to keep on growing in Latin America, China and Russia in 2012. In October, PSA Peugeot Citroen announced an 800-million-euro cost-cutting plan for 2012 that is expected to include lay-offs due to the stagnating European car market.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peugeot open to alliances with other carmakers peugeot open to alliances with other carmakers

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peugeot open to alliances with other carmakers peugeot open to alliances with other carmakers

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday