Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

PEUGEOT (UG)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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
0
Latest news on PEUGEOT
07/17Western Europe car sales up 5.1 percent in June - ACEA
RE
07/15PEUGEOT : German transport ministry confirms official hearing on Opel emissions
RE
07/12PEUGEOT : French carmaker PSA posts sales gain despite Iran withdrawal
RE
07/06Ford slides deeper into China rut after worst ever first half vehicle sales
RE
07/06Ford slides deeper into China rut after worst ever H1 vehicle sales
RE
07/06PEUGEOT : Opel and employees agree on German investments and job protections
RE
07/05European Car Shares Rise on Report on 'Zero Solution' in Tariff Row
DJ
07/05Carmaker Opel to face labour resistance to R&D division sale
RE
07/05UK new car sales drop 3.5 percent in April - industry data
RE
07/04VW to launch carsharing with electric vehicles in 2019
RE
More news
News from SeekingAlpha
11:16aEuropean auto sector shows strength in June 
06/26Auto tariff would mean $45B in higher costs for U.S. consumers, group says 
06/15Gainers and decliners in Europe auto market 
05/24China warns U.S. on auto import probe 
05/23WSJ : Trump considering tariffs on new imported autos up to 25% 
Financials (€)
Sales 2018 76 155 M
EBIT 2018 4 014 M
Net income 2018 2 473 M
Finance 2018 6 859 M
Yield 2018 3,11%
P/E ratio 2018 7,85
P/E ratio 2019 6,85
EV / Sales 2018 0,16x
EV / Sales 2019 0,14x
Capitalization 19 056 M
Chart PEUGEOT
Duration : Period :
Peugeot Technical Analysis Chart | UG | FR0000121501 | 4-Traders
Technical analysis trends PEUGEOT
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 22,4 €
Spread / Average Target 5,5%
EPS Revisions
Managers
NameTitle
Carlos Tavares Chairman-Management Board
Louis René Fernand-Gallois Chairman-Supervisory Board
Jean-Baptiste Chasseloup de Chatillon Chief Financial Officer & EVP-Information Systems
Henri Philippe Reichstul Member-Supervisory Board
Marie-Hélène Peugeot-Roncoroni Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
PEUGEOT25.10%22 080
TOYOTA MOTOR CORP2.37%212 842
VOLKSWAGEN-11.49%83 714
DAIMLER-17.71%71 561
BAYERISCHE MOTOREN WERKE-6.94%60 763
GENERAL MOTORS CORPORATION-2.73%56 412