1977 Citroen 2cv on 2040-cars

Auto blog

Macron and Le Pen decry 'shocking' Stellantis CEO pay

PARIS — French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, on Friday both decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis. Stellantis CEO Carlos TavaresÂ’ remuneration package of 19.15 million euros just a year after the company was formed became an issue as Macron and Le Pen campaigned ahead of the April 24 runoff vote. Polls show purchasing power and inflation are a top voter concern. Stellantis was formed last year through the merger of PSA Peugeot and Fiat Chrysler Automobiles. Centrist President Emmanuel Macron, perceived by many voters as being too pro-business, called the pay package “astronomical” and pushed for a Europe-wide effort to set ceilings on “abusive” executive pay. “ItÂ’s shocking, itÂ’s excessive,” he said Friday on broadcaster France-Info. “People canÂ’t have problems with purchasing power, difficulties, the anguish theyÂ’re living with, and see these sums. Otherwise, society will explode.” Far-right leader Marine Le Pen, who enjoys support from many working-class voters, called for bringing in more workers as shareholders. “Of course itÂ’s shocking, and itÂ’s even more shocking when it is the CEOs who have pushed their society into difficulty,” she said Friday on BFM television. “One of the ways to diminish this pay, which is often out of proportion with economic life, is perhaps to allow workers in as shareholders.” Stellantis continued to back the package despite a 52.1% to 47.9% vote rejecting it at an annual shareholders' meeting chaired from the Netherlands, where the company is legally based, on Wednesday. The company, citing Dutch civil code, noted that the vote is advisory and not binding. The company later said in a statement that it took note of the vote, and will explain in an upcoming 2022 remuneration report “how this vote has been taken into account.” In the 2021 report, the company identified peer group companies that it used as a salary benchmark, including U.S. companies like Boeing, Exxon Mobile, General Electric as well as carmakers Ford and General Motors. Stellantis, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, reported net profits last year had tripled to 13.4 billion euros ($15.2 billion). The French government is the third-largest shareholder in Stellantis, with a 6.15% stake through the Bpifrance Participations S.A. French public investment bank.

Citroen spins off premium brand with Divine DS concept [w/video]

With one of Europe's biggest auto shows now just a month away, European automakers are preparing to showcase their latest wares. And since this year the salon is in Paris, you can bet that French automakers will seize the opportunity as well - French automakers like Citroën, for example, which has revealed this new concept car. Thing is, while it's clearly made by Citroën, it doesn't wear the name or any of its badges. The Divine DS concept you see here is being presented exclusively as a DS model, leading a spin-off of the Chevron marque's premium line into its own stand-alone division in Europe much as it has in China. And this concept previews that brand's new styling direction.
The five-door hatch, measuring 165 inches long and 78 inches wide, is about the size of the current Citroën DS4 (which itself is about the size of a VW Golf) but at 53 inches tall sits lower to the ground than the existing pseudo-crossover. Power comes from a 1.6-liter turbo four with 270 horsepower, but the Divine DS concept is less about its specifications than its design.
Sitting low on 20-inch wheels, with spindly mirrors, hidden door handles and no bumpers to speak of, the Divine DS is clearly more show car than production preview. The French automaker describes the design as "spectacular, elegant and enchanting," which may be a bit of a stretch, but it does cut a rather slick profile for an everyday hatchback, with sharp creases, bold angles and a faceted roof design that opens to deploy the rear-view camera.

Citro"en Cactus Concept declares an end to door dings [w/video]

This is the Citroën Cactus Concept, a car we previewed almost two weeks ago, which was then unveiled last week. Now, we have a full gallery of live images. You'll recall that Citroën opted to split its line, with the C-Line models like the C2, C3 and C4 being remodeled to play in the bottom of the market, and the DS models, like the DS3 and DS4, representing a more premium experience.
The Cactus is our first hint of the C-Line's future, as it will likely evolve into a production C3 or C4, considering its size. Powered by PSA's innovative Hybrid Air drivetrain, the Cactus pairs a small, gas-powered engine with compressed air and hydraulics to deliver over 94 miles per gallon without battery packs or electric motors. It's claimed that the system can cut down on urban fuel consumption by 45 percent.
Besides the powertrain, the most obvious talking point is the appearance of the Cactus. The Airbump system on all sides of the vehicle use soft, air-filled bladders to keep away the dings and scratches that come with commuting in our crowded urban world, while the floating roof adds to the airy feeling of the interior and is a great styling detail. We've got live images of the Cactus up top, while photos, a press release and a video from Citroën can be found below.