The Tracton Group has announced that it increased operating profits by €212m during first half of this year compared to the same period last year. The Group generated sales revenue of €13.5bn compared to the previous year of €12.6bn. Last year’s figure also included the sales revenue of Volkswagen Gebrauchtfahrzeughandels und Service GmbH (VGSG), which [...]

The PSA Groupe has reported strong figures for the first half of 2019, with Groupe revenue recorded at €38.34m, operating income of €3,338m and consolidated net income of €2,048m, an increase of €335m compared to 2018 Carlos Tavares,chairman of Groupe PSA managing boardsaid, ‘Thanks to our focus on our strategic plan execution, we have delivered strong Free [...]

Fears about job cuts at Nissan’s Sunderland plant have risen after reports emerged that the company is planning up to 10,000 job cuts around the world. This would follow losses to the workforce of 4,800 earlier in the year. It’s understood Nissan is considering this restructure following a sharp decline in operating profits of about [...]

The managing board and the supervisory board of Peugeot S.A. have decided to propose to shareholders to transform Peugeot S.A. into a European Company (Societas Europaea – SE) at the next shareholders meeting. This business structure, used by a growing number of companies in Europe, is recognised in all member states of the European Union. [...]