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EU antitrust regulators opened an investigation on Monday into Spain’s plan to grant 20.7 million euros ($23.4 million) to PSA Group’s plant in the north west of the country, concerned that this may breach the bloc’s state aid rules.
PSA Group has halted production of the Peugeot 308 at its plant in Sochaux, France, after the factory ran out of manual transmissions.
The French government has a message for automakers and suppliers who are grappling with the swift decline of diesel sales. Finance Minister Bruno Le Maire will meet with industry leaders in early April to discuss ways to save the 12,000 French jobs related to diesel engines and components.
PSA Group plans to eliminate 1,300 French jobs in 2018 using a new form of voluntary cuts introduced by President Emmanuel Macron, an official for the CFTC union said.
Citroën’s dealers start to sell Aircross model, and by the end of the year they will have a total of 350 cars. Sales plans presented at the press conference at the Innovation Center of Hodkovice – Zlatníky the head of the brand Frantisek Neuman.
PSA Group’s first-quarter revenue rose 4.9 percent as the automaker launched new models, raised prices and sold more auto components.
PSA Group has been referred to French prosecutors over suspected diesel emissions cheating, the company said on Thursday. The decision is a blow for the automakers, whose diesel technology had until now escaped criticism in the wake of the Volkswagen Group emissions-cheating scandal.
PSA Group plans to open a factory in Tunisia as part of its efforts to boost sales in North Africa. The factory will start building a pickup in mid-2018 to meet demand in the Tunisian market, PSA said in a statement.
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