Showing posts with label 3008. Show all posts
Showing posts with label 3008. Show all posts
Monday, August 24, 2015
PSA to increase European output to meet increasing demand in its range of cars.
PSA Peugeot Citroën has announced that it will be increasing output in its European plants in order to capitalise on growth in Europe's markets and meet demand from its customers.
More than 60,000 additional vehicles will be produced in Europe by the end of August 2015, meaning that volumes will be 10% higher than initially planned for the period.
Volumes will increase for all three of the Group's brands – Peugeot, Citroën and DS. For example, the number of Citroën C4 Cactus cars manufactured in Madrid – a model which exceeds its targets with orders totaling nearly 30,000 since January – will be increased by 9,000 units over the period.
The Peugeot line-up will also be ramped up, with additional volumes planned in particular for the 208, 2008 and 308, including the 308 SW version.
The number of DS 3 units manufactured in Poissy, France will also increase, as will volumes across the Group's range of utility vehicles, in a segment that PSA Peugeot Citroën continues to lead.
As part of the plan to increase production, operations will be stepped up at the Group's engine and gearbox plants in France, as well as at its foundries and in its sales networks. Suppliers and the entire automotive industry will also be called on to participate in the uptrend.
For the PSA Peugeot Citroën European plants concerned, the increase in production will lead to work schedule adjustments and, in certain cases, to the short-term deployment of additional teams and the hiring of temporary workers.
PSA Peugeot Citroën's manufacturing base is able to respond to rapid changes in demand thanks to the flexibility provided for in agreements signed with employee representatives in France (New Social Contract of 2013) and in other European countries. These agreements make it possible to reconcile plant competitiveness imperatives and preserve employees' main interests.
Denis Martin, Executive Vice President, Operational Director Europe, said: "Growth in the European market is very good news for the entire automotive industry, from plants to dealership networks to suppliers. It's having a real turbo effect on PSA's performance.
The positive development we're seeing in the market today means we can step up execution of the Back in the Race plan, which was based on the assumption that the market would remain flat.
With the support of our suppliers, and thanks to the flexibility provided for in the agreements signed with employee representatives, we are mobilising all our resources to meet demand from our customers."
Peugeot family to hold meeting to discuss the future of their shareholding now it has been reduced.
The Peugeot family plans to hold a meeting in June to work out its differences over the future of its 14.1 percent stake in PSA/Peugeot-Citroen, Les Echos newspaper reported this week. The meeting would mark a year since the family relinquished control of the carmaker, opening up a rift between two senior family members, the newspaper said.
The French government and Dongfeng, PSA’s Chinese partner, now both hold matching 14.1 percent stakes after a deal that injected fresh capital into the business and which was opposed by senior family member Thierry Peugeot. He left the PSA board in July last year.
The report said Thierry Peugeot was also expected to step down from the board of the family holding company FFP at its shareholder meeting in May, but wants to keep a grip on the business, and has built another 0.3 percent stake in the company through a separate holding company, Sapar.
According to the report, some members of the Peugeot family fear that Robert Peugeot, the FFP's representative on the PSA board, wants to reduce the size of the family's holding. They want to see a resolution at the June meeting that would exclude such an option, even though Robert Peugeot said in March that no such move was planned.
The June meeting may also look at a contingency plan in case the government decides to reduce its stake, the newspaper reported.
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