|  | en-US | 999 | | 11/12/2019 11:00 AM | To build a world leader for a new era in sustainable mobility | - The combination would create the 4th largest global OEM in terms of annual unit sales (8.7m vehicles)
- At its inception, the combined company would realize among the highest margins in the markets where it would operate, based on FCA’s strength in North America and Latin America and Groupe PSA’s in Europe
- The combination would unite the groups’ respective brand strengths across Luxury, Premium, Mainstream Passenger Car, SUV and Trucks & Light Commercial – making them stronger together
- The merged entity would bring together the companies’ extensive and growing capabilities in the technologies shaping the new era of sustainable mobility, including electrified powertrain, autonomous driving and digital connectivity
- Approximately €3.7 billion estimated annual run-rate synergies without any plant closures resulting from the transaction
- Highly respected combined management team recognised for exceptional value creation and with proven success in previous OEM combinations
- Dutch parent company Board would have balanced representation and a majority of independent Directors. John Elkann as Chairman and Carlos Tavares as CEO and member of the Board
[read the press release] | |
| | en-US | 999 | | 9/2/2019 12:00 PM | Groupe PSA achieves strong profitability in H1 2019 | Groupe PSA First-Half 2019 Financial Results - €38.3 billion Group revenue
- 8.7% Automotive division recurring operating margin
- 8.7% Group recurring operating margin
- €1.599 billion Group free cash flow including the acquisition of Clarion by Faurecia
- €2.287 billion Automotive division free cash flow
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| | en-US | 999 | | 2/26/2019 12:00 PM | Groupe PSA renforcera la dynamique de son plan stratégique Push to Pass pour la deuxième phase 2019 – 2021 | - Le Groupe PSA est maintenant durablement performant, porté par les résultats d’une dynamique d’efficience, au meilleur niveau de l’industrie automobile mondiale, associés à sa capacité à saisir les opportunités telle que l’acquisition d’Opel.
- La création récurrente de valeur supporte les investissements destinés à préparer l’entreprise aux enjeux de l’industrie automobile de demain comme la transition énergétique.
- Les progrès continus en matière de qualité produit et service renforcent la satisfaction de nos clients sur un périmètre géographique et d’activités élargi, incluant des relais de croissance comme le véhicule d’occasion, les pièces de rechanges ou les nouvelles mobilités.
- Fort du succès de la première étape de son plan Push to Pass, Groupe PSA poursuit sa feuille de route en s’appuyant sur une valeur cardinale, celle de l’agilité.
[voir le communiqué de presse] | |
| | en-US | 999 | | 2/26/2019 11:00 AM | For the second phase 2019-2021 | - Groupe PSA is now sustainably competitive, driven by the results of an efficiency drive that has aligned it with the best levels in the global automotive industry, combined with an ability to seize opportunities such as the Opel acquisition.
- Recurring value creation is supporting investments geared towards preparing the company for tomorrow’s auto industry challenges, including the energy transition.
- Continuous improvement in product and service quality is fostering greater satisfaction among our customers on a broader geographical scope and across a larger range of businesses, including growth drivers such as used vehicles, spare parts and new forms of mobility.
- Building on the success of the first phase of its Push to Pass plan, Groupe PSA plans to continue following its roadmap, guided by one cardinal value – agility.
[press release] | |
