New-car sales failed to reach the 100,000-unit mark for the first time since June 1997, according to a research group that says both retail and fleet sales are suffering as joblessness increases.
A worse-than-expected European market, higher raw-materials costs and a sagging market share are blamed for poor financial results. No layoffs will result from 8,000 planned job cuts, CEO Philippe Varin promises.
PSA says the vans will be made in a European plant, but unions at the auto maker’s Sevelnord factory must agree to efficiency improvements if the work is to go there.
In the year since resigning as Renault’s COO over his role in the bogus spy debacle, the Renault-Nissan Alliance has tasked Patrick Pelata with developing strategy for the connected car of the future.
French President Hollande is not expected to revive last year’s scrappage program that boosted PSA’s small-car sales and now is causing an exaggerated decline, but he likely will favor EVs, which will be...
Selective catalytic reduction is more expensive than trapping NOx in a special coating on the catalyst and later burning it off, but it is more efficient.