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11/3/2017 4:00 PM
Groupe PSA revenue up 31.4% at €15.0 billion

Groupe PSA revenue up 31.4% at €15.0 billion
•    Peugeot Citroën DS (PCD) Automotive division revenue up 11.6%
 
o    Growth of PCD volumes and market share increase in Europe, Middle East Africa, Latin America, Eurasia and India Pacific
  o    PCD successful new model launches in all regions
•    First time consolidation of Opel Vauxhall (OV) Automotive division whose revenue amounted to €2.8 billion

To read press release HERE

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11/3/2017 4:00 PM
Creation of a new automotive finance organisation for Opel and Vauxhall

Creation of a new automotive finance organisation for Opel and Vauxhall.


•    The new organisation will benefit from the experience of Banque PSA Finance and BNP Paribas Personal Finance’s expertise in the field of finance offers through an exclusive partnership with the Opel and Vauxhall brands.


•    New organisation led by Alexandre Sorel, (Banque PSA Finance), CEO supported by deputy CEO Pascal Brasseur (BNP Paribas Personal Finance) and Erhard Paulat (Opel Bank).


•    Strategic plan to generate profitable, agile growth will be presented in 100 days.

To read press release HERE

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8/1/2017 12:20 PM
Opel and Vauxhall join Groupe PSA

Closing of the acquisition of Opel and Vauxhall by Groupe PSA, announced on March 6th 2017

The new Group positions Groupe PSA in second rank in Europe with a market share of 17% in the first half of 2017

Michael Lohscheller, CEO of Opel/Vauxhall will present in 100 days the strategic plan drawn up by the Opel/Vauxhall teams with the support of Groupe PSA

To read the press release HERE

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8/1/2017 12:15 PM
Closing with Groupe PSA and leadership changes
  • ​Opel and Vauxhall to be operated as true iconic German and British brands
  • New performance plan to be presented in 100 days: to generate a positive operational free cash flow by 2020 as well as an operating margin of 2% by 2020 and 6% by 2026
  • Four new team members to join the leadership team

To read press release HERE

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