Entries Tagged 'peugeot' ↓

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Peugeot 107 love for the city dates back to the Spring of 2005, though it is more than happy to take the motorway out of town… With more than 322,000 units produced (to the end of September 2008) and owners among the best ambassadors of its numerous qualities, the Peugeot 107 provides an efficient and clever response to the needs of urban mobility and does so with a smile on its face.

The Peugeot 107 is attractive

Its fun-and-youthful appearance, multiple body colours and cute-shaped headlamps light up the road as well as the lives of its customers. For these customers, style counts for much in their choice of car and still remains a strong decisive factor.

The Peugeot 107 offers key benefits

Its handling and low running costs, important and distinctive criteria of choice in its segment, together with its stylish appearance and affordable purchase price, result in a user satisfaction level way above the market average.

The Peugeot 107 expresses youthfulness

Like most vehicles in this category it is purchased as a second or third car in the family, the 107 stands out from the competition particularly by the prevalence of owners who are females in its customer base (69%, a quarter of them under the age of 35), a higher proportion of single people living with their parents and a lower proportion of retired people.

As 2009 approaches, the new Peugeot 107 increases its appeal:

* continues to deliver key benefits
* enhances these features
* enriches its specification

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Peugeot and Renault lowered their national car sales estimates for Brazil at the International Autoshow in Sao Paulo on Monday.
Peugeot President Laurent Taste said 2008 should end with national auto makers selling 2.7 million cars compared with earlier estimates of 2.9 million.
Renault President Jerome Stoll said he expects similar numbers from Brazil’s national auto market and revised figures to 2.75 million units compared with in-house figures nearing 3 million in May.
In the January-September period, car makers sold 2.21 million units, up 27% from a year earlier, according to the Brazilian Motor Vehicle Manufacturers Association, or Anfavea.
“We expect sales to be stable next year, which isn’t a bad thing considering the [financial] crisis,” Taste said referring to the global credit crunch and the likelihood of an economic slowdown in Brazil.
Stoll and Taste said costly credit would also impact the sector.
Banks have raised interest rates sales on new and used cars in response to a general risk aversion among lenders.
“At the beginning of the year we financed up to 30% of new car sales and now it’s gone to 40% and could even reach 60%,” Taste said.
Stoll said tighter credit in Brazil could impact the local auto market, which has been a key driver of economic growth in Brazil over the last several years.

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PSA Peugeot Citroën will cut production by at least 20 per cent, it announced yesterday, as it scrapped its profitability targets in response to sharply slower vehicle sales.

Europe’s second-largest carmaker said it was planning “massive” production cuts and would lose money in the second half of the year. It is planning to eliminate shifts in France and Spain in the fourth quarter as it plans to reduce output by at least a fifth.

In a sign of the growing toll the world economic crisis is taking on consumer demand in emerging markets - formerly a cash cow for carmakers - Christian Streiff, chief executive of PSA Peugeot Citroën, told the Financial Times the company would also temporarily halt some production at its plants in Brazil and China.

Peugeot slashed its 2008 profitability target yesterday, cutting operating margin forecasts from 3.5 to 1.3 per cent. “This means we are losing money in the second half,” Mr Streiff said.

He said that two-thirds of the loss Peugeot expected for the second half would be due to the restructuring as it prepared itself for 2009.

The company said it expected demand for cars to drop by 17 per cent in western Europe in the fourth quarter of this year.
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Following its cues from global auto giants like General Motors, Renault-Nissan, Ford, Toyota, Mitsubishi, Hyundai et al, PSA Peugeot- Citroën is also chalking out robust plans to roll out low cost cars for emerging markets like India. This car, which is expected to be introduced by 2011, will be accommodating up to five people and will be having sufficient space for luggage and stowage. The details of the model are limited, but its prospects to arrive in India is high as the French car maker reported that it will be offered in emerging markets like India and China. Chances of battery and hybrid cannot be ruled out as 2011 may see introduction of a number of small cars powered by non-conventional sources of power.

According to reports circulating in the media, PSA Peugeot-Citroen’s low cost car, that will have five doors, is expected to be assembled in Turkey or Poland, and will be sold in markets the Eastern and Central Europe, Russia, Turkey, Africa, South America, China and even India. This car, which is likely to wear Peugeot-Citroen badging, will not be sold in Western Europe.
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Peugeot’s new distributor is relaunching French automaker in Thailand after its sales slumped during three erratic decades under the Leenutaphong family’s Yontrakit Group. Yontrakit Automobiles Co’s investment to expand the business will include building a new assembly plant, developing the sales network and enlarging the marketing budget. Non-financial support from Peugeot is also expected to lift consumer confidence in its products.

Yontrakit Automobiles now expects to double Peugeot’s Thai car sales every year, building the market with both imported and locally built vehicles.

For many years the Yontrakit Group has been the authorised importer and distributor of Audi and Volkswagen cars from Germany, France’s Citroen and Peugeot, the Czech Republic’s Skoda and Spain’s Seat. It recently also took on South Korea’s Kia and Japan’s Mitsuoka.

Peugeot cars are now officially imported by European Motor Cars Co and distributed by Yontrakit Automobiles Co _ a Yontrakit Group spinoff created by a restructuring early this year to demarcate the brands managed by each family member.

After the restructuring, the Peugeot brand was taken over by Ponkrit Leenutaphong and his brother Phasupong. Both are sons of Mr Attaphong, who founded the Yontrakit Group with his brother Attaphorn.

Mr Ponkrit, chairman of European Motor Cars and Yontrakit Automobiles, said Peugeot was now gearing up to compete in the local automotive market after he and his brother took charge of the brand.

Mr Ponkrit said he intends to double sales every year, starting this year by expanding sales to 200 units. He forecast sales rising to 300-500 units over the next three years.

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French carmaker PSA Peugeot Citroen is considering launching a new brand in Europe for its low-cost vehicles, business daily La Tribune reported on Monday, without identifying its sources.

It said the group was considering reimporting into western Europe future low-cost models made in emerging economies and was looking at a new brand to market the vehicles.

The newspaper said the group did not want to damage its Peugeot or Citroen brands and was considering using one of the existing brands it owns, such as Talbot, although it said the plan was still “at the stage of reflection.”

The Talbot brand was used to sell models formerly made by Chrysler Europe when its operations were acquired in 1978.

No comment was immediately available from Peugeot.

source : Reuters

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This is 3008 Prologue to show in 2008 Paris motorshow againts to VW Tiguan,Renault Koleos,Ford Kuga,Nissan Qashqai Continue reading →

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