Topic - Peugeot

Peugeot cars reported that net profits plummeted from 5.6 billion euros ($6.5 billion) in the same period last year as it burned 3.3 billion euros in cash for the cancellation of a hydrogen fuel cell project, changes in the fine regime for U.S. carbon emission regulations, and write-downs on platform investments.

Stellantis CEO targeting U.S. turnaround as carmaker faces $1.7 billion hit from tariffs this year →

Stellantis, a European conglomerate formed by the merger of the Italian Fiat Chrysler group and the French Peugeot group, offered buyouts to 33,500 of its workers in April and said it planned to slash the number of hourly workers by 3,500.

EV transition upends auto industry with rash of layoffs, buyouts, production cuts, bankruptcy →