Edition:
United Kingdom

Gilles Guillaume

Peugeot urges France to revive incentives for hybrids

20 Sep 2018

SOCHAUX, France PSA Group is pressing the French government to revive sales incentives on rechargeable hybrid vehicles as it rolls out plug-in versions of its larger models to meet tightening European emissions rules, the carmaker said on Thursday. Automakers are rushing to deploy electric cars and hybrids, which combine battery power with a combustion engine, to meet EU carbon dioxide limits and avoid hefty fines.

France's Saft targets new generation battery production from 2020

12 Sep 2018

PARIS France's Saft, a unit of energy company Total , expects its four-way European battery alliance to begin mass production of new generation lithium-ion batteries from early 2020.

French re-insurer Scor rejects 8.2 billion euro takeover bid, shares jump

04 Sep 2018

PARIS Shares of French re-insurer Scor surged on Tuesday after its board turned down a friendly takeover offer from privately held insurance company Covea, with investors anticipating that a higher bid would materialise.

Bouygues boss sees no French telecom tie-ups before next year

30 Aug 2018

PARIS The head of Bouygues said on Thursday he was keeping an open mind about potential tie-ups in the French telecom sector but cautioned no deal was likely before early 2019.

Renault hits profitability record amid uncertainties

27 Jul 2018

PARIS French carmaker Renault achieved record profitability in the first half of the year, but currency and raw material costs weighed on its bottom line, with analysts suggesting it had been eclipsed by domestic rival PSA Group .

Peugeot surges as Opel hits road to recovery

24 Jul 2018

PARIS Peugeot maker PSA Group turned its recently acquired Opel-Vauxhall business sharply back into the black while achieving record first-half profitability at its French car brands, sending its shares to a 10-year high on Tuesday.

PSA, Renault vying for car-sharing scheme in Paris

03 Jul 2018

PARIS Carmakers PSA and Renault are vying to offer a car sharing scheme in Paris to replace Autolib, the electric car sharing service run by French tycoon Vincent Bollore's group that was recently ditched by local authorities after a dispute.

PSA, Renault vying for car-sharing scheme in Paris

03 Jul 2018

PARIS Carmakers PSA and Renault are vying to offer a car sharing scheme in Paris to replace Autolib, the electric car sharing service run by French tycoon Vincent Bollore's group that was recently ditched by local authorities after a dispute.

French group Rexel to shake up portfolio of businesses to tackle Amazon

29 Jun 2018

PARIS French electrical parts distributor Rexel is in the process of developing certain strategies to deal with challenges posed by Amazon , including changes to its portfolio of businesses, its chief executive told Reuters in an interview.

Renault boss Ghosn faces tight shareholder vote on pay

13 Jun 2018

PARIS Renault boss Carlos Ghosn faces another nail-biting salary vote when the French government, the carmaker's largest shareholder, is expected to oppose his 7.4 million euro ($8.7 million) 2017 payout at Friday's annual shareholder meeting.

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