PARIS Peugeot maker PSA Group reported a 1.1 percent decline in first-quarter revenue, as a sales decline outside Europe and currency challenges outweighed pricing improvements.
PARIS, April 25 Peugeot maker PSA Group
reported a 1.1 percent decline in first-quarter
revenue, as a sales decline outside Europe and currency
challenges outweighed pricing improvements.
PARIS Renault blocked former chief executive Carlos Ghosn's pension on Wednesday, as the French carmaker said an internal probe had identified "questionable and concealed practices" by the fallen auto industry hero.
* Confirms has alerted prosecutors to suspect payments
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PARIS Renault SA has alerted French prosecutors to payments made to a Renault-Nissan business partner in Oman under former Chief Executive Carlos Ghosn, three sources told Reuters.
PARIS, April 1 Renault has alerted
French prosecutors after uncovering suspect payments to a
Renault-Nissan business partner in Oman under former Chief
Executive Carlos Ghosn, two sources told Reuters on Monday.
PARIS The French government has increased its stake in Valeo, an auto parts maker previously targeted by activist investors, as the company is buffeted by a downturn in the auto market and a cooling of expectations for self-driving cars.
PARIS, March 28 U.S. investor Harris Associates
supports the management of auto parts maker Valeo,
Chief Investment Officer David Herro said on Thursday, after the
French government more than doubled its stake in the company to
PARIS French state-owned bank Bpifrance, a key investor in local firms, said on Tuesday it had almost 2 billion euros ($2.3 billion) to fend off potential activist funds' attacks on French companies deemed to be of strategic importance to the country.
GENEVA Two of Europe's best-selling cars, the Renault Clio and Peugeot 208, go head-to-head at the Geneva motor show on Tuesday, as the auto market they dominate faces transformative pressures on its future profits and jobs.