According to a source familiar with the matter at hand, Volkswagen is weighing options which includes listing of its luxury car division Porsche AG which will provide it sufficient liquidity towards electrification of its vehicles. “Those considerations exist,” said the source said while cautioning that they are still not being actively discussed in committees; any…
The info was disclosed by PSA’s director of mobility services at the Paris Motor Show. According to a senior executive from PSA, the maker of Peugeot and Citroen cars stated, it will launch a car-sharing service in Washington DC at the end October 2018. At the outset, PSA will use 600 Chevrolet cars in Courtehoux,…
With its competitors stalling in fear of U.S. sanctions, PSA and Renault in a swift calculated move have grabbed market share in Iran’s booming car market and have secured contracts to boost production deals. French car manufacturing companies such as Renault and PSA have made significant inroads in the Iranian car market. Despite their diminutive…
Its design and aesthetics will be based on Opel’s technology rather than GM’s. The PSA Group’s spokesman has confirmed that it will be using Opel’s technology in the forthcoming model of its best-selling Corsa car, which is currently based on General Motor’s technology. Opel had previously stated that the next model of Corsa, which was slated…
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