Thursday, 1. August 2013
Peugeot (Photo credit: Wikipedia)
If the financial problems weren’t enough it would seem that Citroen and Peugeot need to sort their cars out, or more importantly their electrics, according to a new report prepared by BBA Reman – a specialist in remanufacturing problematic electrical components (no I don’t know what that means either), based in Rochester, Kent.
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They say that they dealt with more Citroens than any other make of car among its 43,500 UK customers. The most common fault was within the ECU’s fitted mainly to C4’s and C5’s.
The same issue caused Peugeot to fall into 2nd place with the same problem occurring in 206, 307 and 407. Whilst some would say that this isn’t surprising given the difficulties faced by the manufacturers, they may be surprised to learn that contrary to belief that Germans are the most reliable VW and Audi were 3rd and 4th respectively. Maybe a bit of a wakeup call there! By Graham Hill Car Finance
Wednesday, 31. July 2013
Now I know this will cause you to roll about the floor in fits of hysterics but I actually have a soft spot for French cars. No seriously – it’s true. They tend to be ultra comfy, have lots of gadgets and occasionally look a little bit tasty/different.
I remember a Renault 25 V6i that I had years ago. At the time Renault were consistently winning the touring car championship and supplied many of the F1 engines but more than the fact that the engineering was amazing it actually had a graphic equaliser built into the centre console! How brilliant was that? And with seats thicker than the average armchair it was a delight to drive.
Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.
So I was unhappy to read that the French manufacturers are struggling badly. As was recently reported PSA Peugeot Citroen’s finances are in a mess. The group is ‘burning’ 200 million Euros (£172m) every month and sales are not strong. The French Government has already loaned the group 7 billion Euros (£6.03bn) and are now represented on the board but long term the group needs a new industrial and financial partner.
GM has a 7% stake but is showing no appetite to invest further. Rumours obviously involve China with a hot favourite DongFeng (no I haven’t either), but there has been no official comment. In the meantime PSA will continue to bounce along with a grave lack of direction. I for one hope they turn things around. By Graham Hill Car Finance
Monday, 1. August 2011
I have commented previously on the excuses made by the manufacturers about the drop in car availability and the increased prices as a result of the Japanese tsunami. This was pretty much backed up by Peugeot Citroen when they issued a profit warning which they put down to the tsunami and earthquake in Japan and problems with component Read more »
