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OEMs Form Chinese Leasing Unit to Attract Millennials

Groupe PSA’s captive, Banque PSA Finance, and its Chinese manufacturing partner, DongFeng Motor Corp., have formed a leasing joint venture to attract millennials. The two companies already operate jointly in China as DongFeng Peugeot Citroën (DPCA), with a lending captive called DongFeng Peugeot Citroën Auto Finance Co. (DPCAFC). “The emergence of millennials as future core […]

Groupe PSA Eyes Multi-Brand Car Subscriptions With Ramp-Up of U.S. Operations

SAN FRANCISCO — Auto manufacturer Groupe PSA North America is sketching plans for a multi-brand subscription service, President and Chief Executive Larry Dominique told attendees at Auto Finance Innovation 2018 earlier this month. “One thing that makes PSA unique [from other OEMs] on a global basis is that over in Europe under the Free2Move banner […]

Groupe PSA Scouts Innovative Partners Following Return to North America

SAN FRANCISCO — Auto manufacturer Groupe PSA North America is scouting for innovative technology partners to scale its mobility services, following its return to the U.S. after a 26-year hiatus, President and Chief Executive Larry Dominique told attendees at Auto Finance Innovation 2018 last week. Groupe PSA — which manufactures Peugeot, Citroën, DS Automobiles, Opel, and Vauxhall brands — last month […]

Groupe PSA Re-Enters North America With Free2Move Launch in Seattle

Groupe PSA has re-entered North America after 26 years with the launch of its Free2Move technology brand in Seattle today. Launched in 2016, Free2Move is a smartphone-based mobility aggregation platform which unites all of Groupe PSA’s new mobility solutions, including carsharing, fleet sharing and fleet management, connected services, and car leasing. Group PSA, which is […]

French Carmaker Plans U.S. Entry for Carshare Unit

Mobility services platform Free2Move plans to launch a carshare aggregation portal — which connects consumers to multiple service providers — in the U.S. by September, Jens Weitzel, vice president of business development in North America, told Auto Finance News. Free2Move — founded in September 2016 — is French manufacturer PSA Group’s mobility services brand. The brand unites all of PSA’s […]

Will PSA Group Bring Its Carshare Lease Offerings to the U.S.?

PSA Group launched Free2Move Carsharing in Los Angeles last week, positioning the French manufacturer to bring its leasing and fleet management services to the U.S. This launch marks PSA Group’s entrance of mobility services into the U.S. The automaker also announced its new U.S. division called PSA North America —– which aims to develop mobility solutions, such as […]

Star-studded line-up to speak at second Auto Captives Summit [SPONSORED]

Following the enormous success of their inaugural White Clarke Group Auto Captives Summit in 2015, White Clarke Group have announced a star-studded line-up of speakers for their next summit which will take place on November 9th, 2016 at the Hilton Hotel in Tower Bridge, London. John Ellis, former head of Ford’s connected car program in […]
  • White Clarke Group
  • September 14, 2016
  • Sponsored