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Auto Shows Renault and PSA Peugeot Citroën show a historic plunge in their registrations

11:25  17 june  2020
11:25  17 june  2020 Source:   purepeople.com

PSA - Fiat Chrysler: will the crisis abort the merger project?

 PSA - Fiat Chrysler: will the crisis abort the merger project? © SP / Peugeot PSA - Fiat Chrysler: will the crisis put an end to the merger project? Shadows hang over the marriage announced between PSA Peugeot Citroën and Fiat Chrysler Automobiles (FCA), because of the pandemic which weakens the two giants of the car and threatens the balance of the operation, according to financial sources. The coronavirus threatens the PSA-Fiat Chrysler marriage.

Groupe PSA (French pronunciation: [ɡʁup pe ɛs a]; also known as the PSA Group in English; formerly known as PSA Peugeot Citroën from 1991 to 2016)

This chart represents the share of women among PSA Peugeot Citroën and Renault employees in France in 2013 and 2014.

Renault et PSA Peugeot Citroën accusent un plongeon historique de leurs immatriculations © SP / Peugeot Renault and PSA Peugeot Citroën show a historic plunge in their registrations The European car market fell again by 52.3% in May but less sharply than 'in April thanks to the reopening of dealerships in many countries. A clear recovery is expected for June.

The European car market showed a dizzying fall in May (-52.3%, after -55.1% in March and 76.3% in April, at the heart of containment) ... and our two national manufacturers, PSA Peugeot Citroën and Renault were not spared! In line with the poor performance of their competitors, sales by the Renault group (with Dacia, Lada and Alpine) fell by 52.5% and those by PSA (Peugeot, Citroën, Opel / Vauxhall, DS) by 56.4 %, the Association of European Automobile Manufacturers (ACEA) announced in a statement.

Esteban Ocon agrees with Vettel: World Cup does not have to have 22 races

 Esteban Ocon agrees with Vettel: World Cup does not have to have 22 races © LAT Esteban Ocon is already looking forward to his first Formula 1 race on Renault "A season is a season, regardless of whether it is ten, 15, 20 or 25 Sebastian Vettel said recently in view of the coronavirus pandemic, which also spared the Formula 1 World Championship. With fewer races, "every single race is more important, but the World Cup would still be a World Cup." A statement signed by Renault driver Esteban Ocon: A World Cup 2020 with only ten races would "also be justified", he says

According to a report by Reuters, Renault and PSA Peugeot Citroën will be strengthening their existing ties. Neither side was willing to comment but an insider revealed that the two automakers had been meeting regularly. PSA and Renault first worked together back in 1969 with the creation of

PSA Peugeot Citroën is the second largest car manufacturer in Europe and the ninth largest in the world. The French manufacturer produces automobiles When consumers visit the PSA properties, they leave behind a valuable trail of information. Their actions generate data and send signals that

In total, only 581,161 new passenger cars were put on the roads of the EU against 1,217,259 in May 2019. Among the main markets, Spain suffered the biggest fall (-72.7%), while that France (-50.3%), Italy (-49.6%) and Germany (-49.5%) benefited from the start of deconfinement. In the first five months of the year, the fall in the European market caused by the closure of car dealerships in the spring reached 41.5%.

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A sharp recovery is expected in June with the acceleration of deconfinement, the ramp-up of car factories and the return of customers sometimes attracted by purchase subsidy mechanisms. But the sales lost between March and May will only be partially made up for the rest of the year. Thus, Alix Partners forecasts volumes down by 32% in Europe for 2020 as a whole.

Abiteboul: Corona puts other teams at greater risk than Renault

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This graph shows the number of employees of the French car manufacturer PSA Peugeot Citroën as of December 31, 2014, by type of activity. It shows that more than 100,000 employees worked for the automotive branch of the group.

Shares in PSA , parent company of Peugeot , Citroën and DS, rose as analysts considered the possibility that FCA could turn back to PSA after the American automaker PSA shares rise following FCA's breakup with Renault . Analysts wonder if merger talks between FCA and PSA could be sparked.

>> Read also - Renault will cut 1,500 engineering jobs in France

"While the world markets were already declining and that the automotive sector had initiated a historic transformation, abandoning internal combustion engines for massive investments in electricity, the effects of the Covid-19 crisis are posing serious problems of income and costs for all players ", found this consulting firm in a recent report.

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Auto Insurance comparator builder Jaguar Land Rover announced Tuesday the cutting of 1,100 temporary jobs in the UK and a pre-tax loss of £ 500m at first trimester. Renault is to cut 15,000 jobs worldwide, including 4,600 in France. According to German expert Ferdinand Dudenhöffer, director of the Center Automotive Research (Car), car production in Germany is expected to drop 26% this year to 3.4 million units, the lowest in 44 years. A collapse which could lead to the loss of 100,000 jobs in the country, according to him.

Alonso and Renault: announcement already on Wednesday? .
© LAT Will we see Fernando Alonso again in the Formula 1 season 2021? The signs of a Formula 1 comeback by Fernando Alonso are increasing. According to of the British newspaper 'The Sun' , the Spaniard could officially be introduced on Wednesday as the new Renault driver for the 2021 Formula 1 season. team principal Cyril Abiteboul had already informed his employees in Spielberg that an announcement was imminent and that many of them had already worked on the new commitment.

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