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The French PSA Peugeot Citroen is now turning its attention to international growth, and North America is among the first markets being considered. Citroen sold its last car in the United States in 1974, and Peugeot did so in 1991, now they intend to be back.The company's Back in the Race restructuring program has been successfully completed and the next step they planned is to conquer the U.S.market. Citroen's fledgling upscale DS brand could lead the company's export efforts. The DS brand, launched in 2010 and sold in China and Europe, is to Citroen what ...
The biggest U.S. carmaker General Motors raised its 2016 earnings outlook on Jan. 13 Wednesday as it follows up a banner year of U.S. sales with major product launches and touted the benefits of hard-won efficiencies.General Motors has put together a respectable string of sales strategies: 28 consecutive months of growth in commercial vehicle sales to companies.As GM pulls back from less-profitable sales to rental agencies, the company has channeled much of those resources into the more-lucrative business of selling pickups, vans and Chevrolet Malibus and Equinoxes to contractors, landscapers ...
The Ford Motor company had created a new subsidiary Smart Mobility LLC devoted to advance transportation technologies and business models involving ride-sharing services, autonomous cars and vehicle connectivity. It will collaborate with other technology companies and startups to develop new products. Jim Hackett, former Steelcase vice chairman and CEO, will leave Ford's board of directors to become chairman of the new mobility-services subsidiary.It will be seeking technology partners in Silicon Valley and building on work already under way at Ford, according to a company news relea...
Fiat dealers in the U.S. will be allowed to combine operations with adjacent Chrysler-Jeep-Dodge-Ram stores. This is a part of Fiat Chrysler's new plan aiming to boost the sales of the brand.This strategy could save a retailer selling 15 new Fiats a month an average of $180,000 per year in duplicate third-party vendor expenses. Dealers who decide to stick with the existing stand-alone Fiat showroom will receive about two-thirds of the savings as well as other benefits to their monthly operations. FCA will also simplify its underperforming Fiat produ...
Ford Motor Co. and Fiat Chrysler both had their best February for U.S. sales since 2006, Nissan North America posted its highest market share for any month ever, while General Motors is on pace to lose share for a fifth consecutive year. Experts say that the explanation for all these facts is fleet. GM's fleet deliveries dropped 24 percent last month, resulting in a 1.5 percent drop in the company's overall sales. On the other hand, FCA's fleet sales surged 39 percent, Ford's jumped 42 percent, and Nissan's soared 54 percent. GM said it's making a st...
