La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

"The DS brand is now well established", according to its general manager Beatrice Foucher

A few days before the Geneva show - finally canceled - DS, the premium brand of the PSA group, presented its large DS9 sedan and a concept car prefiguring the style of the brand's future models. Its new general manager Béatrice Foucher, appointed on January 15, reveals her objectives.
 Béatrice Foucher

What is your assessment of the revival of DS, operated since 2018, with the DS7 and DS3 Crossback?

A very positive assessment. We sold 62,500 vehicles worldwide in 2019, up 17%, with just two models - two of which were sold late in the year. Customer feedback is very good. The DS brand is now installed in a credible way with customers, whether individuals or professionals.

Are you satisfied with the start of your e-Tense electric models?

Yes, both on the sales side and on the orders side. The DS7 Crossback e-Tense represents 30% of the model's sales, and for DS3 Crossback e-Tense, we oscillate between 15 and 20% of the total.
This trend is supported by the consolidation of our sales network. We are finishing the transformation of the network in France, with 162 points of sale, and we plan to open 87 this year worldwide, with new DS Stores in Egypt, Turkey, South Korea…

Do you fear the consequences of coronavirus?

At the moment, we have inventory of parts and cars for sale. Our European factories are running. In the short term, our business is working, our order portfolio is high. The Chinese plant in Shenzhen restarted ten days ago, and we are in the process of activating the supply. But of course, we cannot exclude negative consequences for this year.

It is this factory that will manufacture the future DS9 model, a large luxury sedan. Why attack this segment, when it is rather the SUVs that are on the rise?

This type of silhouette has been nibbled by SUVs, but still represents 25% of premium sales in Europe. It’s a way of expressing your status, a form of elegance, that remains enduring. This is the promise for the passenger, at the front and at the rear, of exceptional comfort, while the SUV meets other expectations: a versatile vehicle, with volumes and crossing capacities, which gives a sense of protection. This segment of sedans recalls our historic roots, and makes the link with two of its emblematic models: the DS of 1955 and the SM of 1970.

When will it be available?

In the second half of 2020, first on the Chinese market, for logistical reasons, since it will be manufactured in Shenzhen. It will be available from launch in thermal and plug-in hybrid versions.