Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Peugeot    UG   FR0000121501

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Peugeot : Vauxhall showrooms face axe in contract shake-up

share with twitter share with LinkedIn share with facebook
share via e-mail
04/16/2018 | 07:41pm CEST

Vauxhall says it does not expect any UK showroom staff to lose their jobs despite giving all 326 dealerships two years' notice of contract termination.

The carmaker, currently the second-largest in the country by sales volume, said it would be proposing new deals with the "vast majority" of its franchisees under a plan aimed at re-shaping the network for the future.

It formed part of an effort Europe-wide by the new owners of the Opel and Vauxhall brands, PSA, to bolster sales and customer satisfaction while cutting costs, Vauxhall said.

The MD of Vauxhall Motors, Stephen Norman, told reporters: "The requirements of the industry going forward and the requirements of the brands Opel and Vauxhall ... would not require as many retail outlets as the brands currently have."

He explained that he did not expect any job losses among the dealership workforce of between 11,000 to 12,000 because the showrooms affected would take on a different brand.

Mr Norman declined to say exactly how many sites he expected to be dropped among the 326 currently operating.

There have been reports in the media that a third would not expect to see a new contract being agreed by the start date of 30 April 2020.

Mr Norman insisted such a shake-up was not out of the ordinary at any company operating a similar franchise model.

He said while the network was profitable, he believed the new contracts being proposed to investors would boost their earnings and, at the same time, recognise the growing role of digital in the sales process.

PSA has tasked him with turning around a UK market that saw sales fall more than a fifth last year - as consumers curbed their spending in the wake of Brexit-linked price rises in the economy.

He insisted the vote to leave the EU was not a factor behind its decision to terminate the contracts - an exercise Vauxhall last carried out in 2013.

(c) Sky News 2018: <a href="http://news.sky.com/story/vauxhall-showrooms-face-axe-in-contract-shake-up-11334083">Vauxhall showrooms face axe in contract shake-up</a>, source Sky News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on PEUGEOT
04/20PEUGEOT : PSA union solidarity frays as Opel workers resist cuts
04/20PEUGEOT : PSA union solidarity frays as Opel workers resist cuts
04/19PEUGEOT : Opel labor leaders fear Eisenach plant workforce could halve
04/19PEUGEOT : Opel labour leaders fear Eisenach plant workforce could halve
04/19Peugeot boss faces toughest adversary yet in IG Metall
04/18PEUGEOT : Merkel says German government must help in Opel dispute
04/18Nissan, Ford, FCA lead European car sales decline
04/16PEUGEOT : Vauxhall showrooms face axe in contract shake-up
04/16PEUGEOT : PSA, German union in standoff over Opel's Eisenach plant
04/16PEUGEOT : Opel-Vauxhall to scrap dealerships as Peugeot cuts costs
More news
News from SeekingAlpha
04/16FIAT CHRYSLER : Is This Still A Buy? 
04/06U.S. considers tougher rules for imported cars to help domestic automakers 
04/05PSA Group preps for EV push 
03/23WSJ : EPA tentatively decides to ease vehicle emission standards 
03/20Chinese control of cobalt supply is risk for car industry, Glencore CEO says 
Financials (€)
Sales 2018 76 663 M
EBIT 2018 3 886 M
Net income 2018 2 416 M
Finance 2018 6 713 M
Yield 2018 3,20%
P/E ratio 2018 8,06
P/E ratio 2019 7,23
EV / Sales 2018 0,16x
EV / Sales 2019 0,15x
Capitalization 18 802 M
Duration : Period :
Peugeot Technical Analysis Chart | UG | FR0000121501 | 4-Traders
Technical analysis trends PEUGEOT
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 23
Average target price 21,5 €
Spread / Average Target 3,3%
EPS Revisions
Carlos Tavares Chairman-Management Board
Louis René Fernand-Gallois Chairman-Supervisory Board
Jean-Baptiste Chasseloup de Chatillon Chief Financial Officer & EVP-Information Systems
Robert Peugeot Member-Supervisory Board
Henri Philippe Reichstul Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
PEUGEOT22.56%23 101
TOYOTA MOTOR CORP-4.70%210 867
VOLKSWAGEN2.79%104 875
DAIMLER-8.02%85 597
HONDA MOTOR CO LTD-6.19%61 955