Peugeot Archives — City Business News

November 17, 2022 No Responses

Dangote Peugeot, Mikano Secure N2.5b Contract For FRSC Operational Vehicles

The Federal Executive Council (FEC) has approved N2.5 billion for the procurement of operational vehicles for the Federal Road Safety Corps (FRSC). Special Adviser to the President on Media and Publicity, Mr Femi Adesina, revealed this when he briefed State...

April 11, 2022 No Responses

PAN Chairman Salutes Dangote @ 65

The Chairman of Peugeot Automobile Nigeria (PAN) Ltd., Alhaji Ahmed Wadada, has congratulated the President of Dangote Group, Alhaji Aliko Dangote, who turned 65 on Sunday. Wadada, in a statement on Sunday commended the Kano-born industrialist for his immense ...

October 1, 2021 No Responses

Peugeot Loses Patent Case Against Piaggio

Peugeot Motorcycles, owned by Mahindra & Mahindra has been banned from selling three-wheeled scooter Peugeot Metropolis in France and Italy.Meanwhile, Courts in Paris and Milan have also slapped penalties on the French co...

June 26, 2020 No Responses

Peugeot CEO: Merger With Fiat Chrysler On Track

Peugeot maker, PSA’s boss, Carlos Tavares said on Thursday he was confident the merger of the French carmaker and Fiat Chrysler (FCA) would go ahead as planned and yield synergies of at least 3.7 billion euros ($4.2 billion).“The timetable of ...

February 27, 2020 No Responses

Peugeot Records 13.2 Per Cent Increase In Profit

Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. PSA...

November 4, 2019 No Responses

Peugeot, Fiat Chrysler To Sign $50b Merger Deal In December

Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as early as the beginning of December. The two automakers explained last week that they planned to join forces in a 50-50 share merger to create the...

November 1, 2019 No Responses

Peugeot, Fiat Chrysler Boards Approve Merger

The Supervisory Board of Peugeot S.A. and the Board of Directors of Fiat Chrysler Automobiles (FCA) have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger. Both boards have given...

October 30, 2019 No Responses

Peugeot, Fiat Chrysler In merger Talks

US-Italian auto giant Fiat Chrysler and France’s Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot’s...

October 29, 2019 No Responses

Mahindra Acquires Peugeot Motocycles

Mahindra & Mahindra (M&M) subsidiary, Mahindra Two Wheelers Europe is to fully acquire France-based Peugeot Motocycles (PMTC) for an undisclosed amount....

September 7, 2019 No Responses

Peugeot Restructures Joint Venture

Peugeot automaker, PSA Group and its Chinese partner Dongfeng Group have concluded a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025. Dongfeng Peugeot...

April 27, 2019 No Responses

Peugeot Maker, PSA Group Explains Drop In Revenue

Peugeot maker, PSA Groupe has reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter. According to the Group, revenue fell to 17.98 billion euros ($20.05 billion) in January-Marc...

March 28, 2019 No Responses

Mercedes-Benz, Peugeot, Ford, Others To Adopt Mandatory Vehicle Speed Limiters

Speed limiting technology looks set to become mandatory for all vehicles sold in Europe from 2022, after new rules were provisionally agreed by the EU. Already, Mercedes-Benz, Ford, Peugeot-Citroen, Renault and Volvo have models available with some of th...

September 30, 2017 No Responses

Peugeot bounces back to pick-up segment

By Moses Ebosele, ebosele@hotmail.com – Barring any last minute adjustment, Peugeot will in the first quarter of 2018 bounced back to the pick-up segment in Nigeria. The development is expected to compound ongoing competition and struggle for space b...

July 6, 2017 No Responses

PSA Group secures approval to buy Opel

PSA Group secured unconditional European Commission (EU) antitrust approval on Wednesday to acquire General Motors’ German unit Opel, a move that will make it Europe’s second-largest automaker after the Volkswagen Group. The European Commission...