Troubled Peugeot picks up Car of the Year award

Tuesday, March 4th, 2014. Filed under: Destinations Motoring
A Peugeot 308 A Peugeot 308 model car is displayed on March 3, 2014 after it was awarded "Car of the year 2014" on the eve of the press day of the Geneva Motor Show in Geneva. ©AFP PHOTO / FABRICE COFFRINI

A Peugeot 308
A Peugeot 308 model car is displayed on March 3, 2014 after it was awarded “Car of the year 2014″ on the eve of the press day of the Geneva Motor Show in Geneva.
©AFP PHOTO / FABRICE COFFRINI

(GENEVA-AFP) – Peugeot’s 308 picked up the Car of the Year award Monday, a boost for the troubled car company that recently had to be rescued by the French state and China’s Dongfeng.

A panel of European automobile journalists chose the Peugeot 308 hatchback over a handful of other finalists including Tesla’s Model S, a luxury American electric car, on the eve of the opening of the Geneva International Motor Show.

“We talked a lot about Peugeot during these last months, we talked a lot about many many things but not about cars,” said Maxime Picat, head of the Peugeot brand at PSA Peugeot Citroen.

“I’m really pleased to speak about cars and the wonderful new 308.”

The cash-starved French automaker last month won a new lease of life by handing over part control to the French state and China’s state-owned car company Dongfeng.

Peugeot, Europe’s second-largest manufacturer after Volkswagen, was weakened considerably by its heavy dependence on the slumping European auto market and hopes its tie-up with Dongfeng will lead to higher sales in China, the world’s top car market.

The Car of the Year award should also lead to an acceleration in sales for the 308, according to a car analyst.

“This could lead to an increase in sales of 20 percent,” said Bertrand Rakoto at D3 Intelligence.

Peugeot has already received 55,000 orders for the model launched at the end of last year.

laf/rl/ric

Share Button

Related posts

Tokyo Motor Show revs up with self-driving cars and futuristic fuel cellsMeet the world’s first US-built electric supercarBMW reveals new X6McLaren surprises Geneva crowds with new convertibleSkoda offers sneak peek of its future visionLamborghini to get personal at GenevaFerrari raises the roof and the performance stakes with the California TMeet the Lamborghini HuracánChevrolet brings out powerful Corvette Stingray Premiere EditionVW to reveal the world’s first car capable of travelling 100km on less than a liter of fuelWhy the Paris Motor show was buzzing, even without BugattiOver 20 new cars already confirmed for the LA Auto ShowFord plans SUVs for the whole familyGM unveils Bolt electric car in VegasCar companies making the connection at CESPorsche announces Cayman Black EditionMazda and Suzuki planning Frankfurt crossover revealsToyota falls behind VW in world’s biggest automaker raceSelf-driving cars hold key to future highway: Google execMcLaren expands its supercar selection