PSA Group's Position Concerning the DGCCRF Investigation
09 Februar 2017 - 6:06PM
Business Wire
Regulatory News:
PSA (Paris:UG) takes note of the decision made by the French
Competition, Consumer Affairs and Prevention of fraud department
(DGCCRF) to send the conclusions of its investigation to the public
prosecutor, and expresses its surprise at this decision.
In light of the situation, PSA Group will make a clear case for
its position to avoid any amalgam and defend its interests as well
as those of its 180,000 employees, its customers and its
partners.
PSA would like to emphasise that:
- The Group complies with the regulations
in force in all countries where it operates.
- The Group’s vehicles have never been
equipped with software or devices to detect a compliance test and
to activate a pollutant treatment device that would be inactive in
customer use
- The results of the tests carried out by
different European and French authorities have confirmed that the
Group's vehicles comply with regulatory tests criteria.
PSA understands that the DGCCRF's inquiries concern the diesel
engines of the old generation Euro5 (standard in force from 2009 to
2015). However, the tests carried out recently on a Euro5 vehicle
by the IFPEN did not reveal any anomaly.
The test results are consistent with the PSA Group's approach –
which has been explained to the various authorities and the media –
of setting engine parameters according to real-life driver
behaviour.
The Group's engines are developed with a priority focus on
reducing NOx emissions (nitrogen oxides) in urban environments,
while offering the best NOx / CO2 balance under extra-urban
conditions over a wide temperature range and without any
discontinuity.
In addition, PSA Group has made the commitment, three years
earlier than required, to comply with the real driving emissions
(RDE) type-approval requirement that will come into effect in 2020
as part of the future standard. This new procedure will replace the
current procedure, which is not representative of customer use.
Lastly, PSA is the only carmaker in the world to have initiated
a process of total transparency on the consumption and CO2
emissions of its models in real use.
- A protocol of measures defined with two
NGOs and a certification agency.
- More than 50 tested models and 35,000
kilometres carried out
- Test results available on the websites
of the Peugeot, Citroën and DS brands.
This transparency campaign will be extended to NOx emissions
this year.
Gilles Le Borgne, Executive Vice-President, Research &
Development said: "We are surprised by the announcement,
particularly as PSA is proud to be the forerunner in the
development of pollution-reducing technologies such as the
particulate filter and selective catalytic reduction (SCR), as well
as the leader in reducing CO2 emissions, and the pioneer in
transparency with its customers on consumption in real use. As
France’s leading car exporter, PSA will therefore fight to defend
its technologies, its know-how and its competitiveness in support
of French industry."
About PSA Group
With sales and revenue of €54 billion in 2015, the PSA
Group designs unique automotive experiences and delivers mobility
solutions that provide freedom and enjoyment to customers around
the world. The Group leverages the models from its three brands,
Peugeot, Citroën and DS, as well as a wide array of mobility and
smart services from its Free2Move brand, to meet the evolving needs
and expectations of automobile users. PSA Group is the European
leader in terms of CO2 emissions, with average emissions of
102.4 grams of CO2 per kilometer in 2016, and an early
innovator in the field of autonomous and connected cars, with
1.8 million such vehicles worldwide. It is also involved in
financing activities through Banque PSA Finance and in automotive
equipment via Faurecia. Find out more at groupe-psa.com/en.
New media library:
https://medialibrary.groupe-psa.com/
Communications Division - www.groupe-psa.com/en
- +33 1 40 66 42 00 - @GroupePSA
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170209005979/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