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Peugeot and Ford to end some diesel cooperation

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04/05/2012 | 03:24pm CEST

PSA Peugeot Citroen (>> PEUGEOT) and Ford (>> Ford Motor Company) will phase out their cooperation in some diesel engines, the companies said on Thursday.

PSA Peugeot Citroen (>> PEUGEOT) and Ford (>> Ford Motor Company) will phase out their cooperation in some diesel engines, the companies said on Thursday.

"The two companies have decided to independently develop and manufacture their larger diesel engines," Paris-based Peugeot said in a joint statement with the U.S. car maker.

Announcing plans in February for a broad-based alliance with Ford's Detroit-based rival General Motors (>> General Motors Company), Peugeot had said the tie-up would not affect existing partnerships including joint diesel-engine production with Ford.

Peugeot and Ford will continue to cooperate on smaller diesels and a new generation of engines developed to meet new European emissions rules entering into force in 2014, the companies said.

(Reporting by Laurence Frost)

Stocks treated in this article : Ford Motor Company, General Motors Company, PEUGEOT
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Financials ($)
Sales 2017 142 694 M
EBIT 2017 5 446 M
Net income 2017 6 219 M
Finance 2017 12 624 M
Yield 2017 6,52%
P/E ratio 2017 6,91
P/E ratio 2018 6,39
EV / Sales 2017 0,21x
EV / Sales 2018 0,32x
Capitalization 43 284 M
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Average target price 12,9 $
Spread / Average Target 19%
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NameTitle
Mark Fields President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Robert L. Shanks Chief Financial Officer & Executive Vice President
Raj Nair Chief Technical Officer & EVP-Product Development
Marcy Klevorn Chief Information Officer & Group Vice President
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