PSA Group and Dongfeng Motors (DFM) Have Signed Two New Agreements to Strengthen Their Strategic Partnership
11 Mai 2016 - 8:53AM
Business Wire
A new milestone in the strategic partnership between PSA
Group and DFM was reached at the presentation of the new "5A+"
medium-term plan for Dongfeng Peugeot Citroën Automobile
(DPCA)
Regulatory News:
PSA Group (Paris:UG):
At the presentation of the DPCA strategic plan on Wednesday, 11
May, Carlos Tavares and Zhu Yanfeng, the respective chairmen of
DPCA's two company shareholders, signed an agreement to design an
electric version of the Common Modular Platform (CMP), which they
have been developing jointly since April 2015.
This future electric platform (e-CMP) will deliver a worldwide
offering of all-electric, high-performance B and C segment vehicles
for the Peugeot, Citroën, DS and Dongfeng brands from 2019.
PSA Group and DFM also signed a framework Human Resources
agreement designed to increase synergies to develop talent
internationally.
In practical terms, the agreement will provide for temporary
employee exchanges between operational teams in the fields of
Research & Development, Marketing, Manufacturing, Finance and
Human Resources. Best practices will also be shared in each area of
HR to identify potential areas of cooperation.
For PSA Group, the agreement goes hand in hand with its Push to
Pass strategic plan and serves to address a number of human
resources challenges.
At the ceremony, Carlos Tavares, Chairman of PSA Group's
Managing Board, emphasised the effectiveness of the collaboration
between the PSA and DFM teams and the importance of building on its
synergies through talent sharing. He said: "The future e-CMP
platform is a key milestone in our partnership with Dongfeng. It
will speed up the worldwide development of both of our groups,
while helping us to reach the strict carbon objective set for
2020”.
The new “5A+” medium-term strategic plan is designed to make
DPCA "an efficient car manufacturer, capable of providing its
customers with comprehensive mobility solutions."
The plan has three strategic focuses:
- To significantly increase customer
satisfaction with products and services, with the aim of moving
into the top 3 ranking in the industry by 2018 and becoming No.1 in
2020.
- Generate revenue in excess of RMB 100
billion by 2020.
- To ensure profitable, sustainable
growth underpinned by productivity gains of 30% by 2020.
About PSA Group
With its three world-renowned brands, Peugeot, Citroën and DS,
the PSA Group sold 3 million vehicles worldwide in 2015. Second
largest carmaker in Europe, the PSA Group recorded sales and
revenue of €54 billion in 2015. The Group confirms its position of
European leader in terms of CO2 emissions, with an average of 104.4
grams of CO2/km in 2015 and is currently the leader in connected
vehicles, with a fleet of 1.8 million connected vehicles on the
road worldwide. It is also involved in financing activities (Banque
PSA Finance) and automotive equipment (Faurecia).
For more information, please visit groupe-psa.com/en
Communications Division - www.groupe-psa.com -
+33 (0)1 40 66 42 00 - @GroupePSA
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160510007112/en/
PSA GroupMedia Contact:
(+33) 1 40 66 42 00
United Guardian (NASDAQ:UG)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
United Guardian (NASDAQ:UG)
Historical Stock Chart
Von Jul 2023 bis Jul 2024