Groupe PSA : [21] Since Citroën had two successful new designs in the market at this time (the GS and CX) and Peugeot was typically prudent in its own finances, the PSA venture was a financial success from 1976 to 1979. Peugeot and Fiat's Argentinian operations were also joined under the name of Sevel Argentina S.A. (Sociedad Europea de Vehículos para Latinoamérica), although Fiat withdrew in 1995. [citation needed], On 10 February 2017, PSA announced a 50:50 joint venture with the CK Birla Group, the owner of the Hindustan Motors to sell Peugeot, Citröen, and DS vehicles in India and purchase of the Ambassador brand from Hindustan Motors at the cost of INR 80 Crore. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. [65], In 2002, the joint venture with Toyota Motor Corporation for the development and manufacturing of a series of city cars in a new factory in the Czech Republic was signed. Citer SA is a French-based car rental company established by Citroën in 1968 was sold to Enterprise Holdings in 2011.[64]. [37] Some expressed concerns about what this major acquisition might do to PSA's bottom line. It manufactures the Citroën C1, Peugeot 108 and Toyota Aygo.[66]. With a capacity of 170,000 vehicles, the Sanand plant is expected to be operational by 2020. [41] On July 15, 2020, the two companies announced that the merged entity will be named Stellantis, from the "Latin verb 'stello' meaning 'to brighten with stars. [17][18] On 16 July 2020, both companies announced they intend to name their merged operations Stellantis. Groupe PSA on Wikipedia, Google News & Yahoo Finance. 455 talking about this. You can manage your preferences and choose how your personal data is used for each of the purposes stated below. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. [58], PSA owns 57.43% of automotive supplier Faurecia,[59] a company created by a 1997 merger between Bertrand Faure and PSA-owned ECIA. [80], PSA Group exhibited the "Hybrid Air" engine, an experimental petro-hydraulic hybrid, at the 2013 Geneva Motor Show. The factory will have a planned annual production of 1,200 units. We will not use your data without your consent. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Streiff was sacked on 29 March 2009, a day after the company posted a full year loss for 2008. Yann Vincent has been appointed Chief Executive in order to implement and develop it. In 1992 SCM-CLM as it was then known became Peugeot Citroën Moteurs.[53]. The entities in which subsidiaries of the PSA Peugeot Citroën Group hold an equity stake of 50% are included in this definition. The resulting company is called TPCA (Toyota Peugeot Citroën Automobile). [77], PSA invested ₹4 billion establishing new plant in Chennai, India[78], The group announced on 29 November 2016 at the Tunisia's investment conference 2020 it will open a factory plant in the country in mid-2018. “PSA Peugeot Citroën Group” refers to PSA Peugeot Citroën and its Affiliates. In Europe, the licence to produce Peugeot-branded bicycles was sold to Cycleurope, a company making bicycles under different names, on condition that it would be reconsidered in 2004. We use cookies to give you the best browsing experience and provide you with more tailored information. The Kaluga factory was built by the Russian-based joint venture between PSA Peugeot Citroën (70%) and Mitsubishi Motors (30%) established in 2011. Groupe PSA has 20 subsidiaries including Banque PSA Finance, Citroen and Citroen Australia. PSA Groupe Subsidiaries. The merger would be on a 50-50 all stock basis. [74] The group has been renting the building since 2017, right after its construction. The head office is now based in Nuneaton, UK, with all parts distributed from a warehouse in Luton, UK. [55] This PSA Peugeot Citroën 1.6-litre turbo petrol engine has received the International Engine of the Year awards a total of eight times, from 2007 to 2014. [19] The name Stellantis is derived from the Latin verb "stello" which means "to brighten with stars". 6 strategic regions driving manufacturing and sales ambitions. [70] One outcome of the talks resulted in the Mitsubishi Outlander and Mitsubishi i-MiEV to be sold as Peugeot and Citroën in Europe. Groupe PSA is the second largest car manufacturer in Europe. [22] Further investment was required because PSA decided to create a new brand for the entity for the disparate French and British models, based on the Talbot sports car last seen in the 1950s. [49][50] In Kazakhstan, assembly of the Peugeot passenger cars will start in June 2013 with a production capacity of 4,000 units per year at the beginning and more than 10,000 units in the near future. Beginning in 2016, PSA began to outline a strategy which entailed the rapid expansion of the company, through both geographic expansion and acquisitions of other car companies. PSA Group and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), today announced plans to integrate the Qualcomm ® Snapdragon™ 820 Automotive (820A) processor in the PSA Group’s next generation vehicles. As a result of this, two factories have been built assembling three ranges of vehicles, Sevel Nord and Sevel Sud. [citation needed] PSA plans to continue using some of Opel's existing platforms and models, many of which are shared with GM, at least for a few years until the entire model range is updated and will only feature PSA platforms. PSA also sell their engines, gearboxes and other parts to small independent manufacturers such as DeLaChapelle and PGO. Saft is powering industry and smarter cities, while providing critical back-up functionality in remote and harsh environments from the Arctic Circle to the Sahara Desert. [24] In 1987, the company dropped the Talbot brand for passenger cars when it ceased production of the Simca-developed Horizon; the Samba and Alpine/Solara had been discontinued a year earlier. PSA is listed on the Euronext Paris stock exchange and is a constituent of the CAC 40 index.[9][10][11]. PSA Groupe General Information Description. [citation needed], On 14 February 2017 PSA announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors. Headquartered in Rueil-Malmaison, PSA, with sales of 3.88 million units in 2018,[12] was the third-largest Europe-based automaker, just a fraction behind Renault.[13]. “Information” means any information of any nature, in particular technical, commercial or economic, on … The joint venture with Iran Khodro was established in 2016 and produces some Peugeot models and imports other models in CBU for Iran market. The PSA Mangualde Plant in Portugal produced its millionth vehicle in 2012. In early 2016, PSA unveiled a roadmap detailing its plan to re-enter the North American car market for the first time since 1991. European Car of the Year award winners:[83], French automotive manufacturing corporation, Acquisition of 'Ambassador' brand from Hindustan Motors, PSA PowerTrain (Formerly Peugeot Citroën Moteurs), file:///C:/Users/N.Hoebrink/Downloads/Groupe-PSA-Annual-report-2019-incl.-auditors-report.pdf/, Société Anonyme,(Peugeot Anonimous society), Learn how and when to remove this template message, List of manufacturers by motor vehicle production, "PSA returns to French CAC 40 index and may hit operating margin target earlier than planned", "Embattled Peugeot booted from French CAC 40 index", "Peugeot éjecté du CAC 40 : un nouveau coup dur pour l'image du constructeur - Journal Numérique - France-Monde", "WORLDWIDE SALES RESULTS 2018: Groupe Renault sales reached 3.9 million vehicles, up 3.2% with Jinbei and Huasong", "Fiat Chrysler and Peugeot Agree on Terms to Forge New Auto Giant", "Fiat Chrysler, Peugeot owner PSA agree binding merger in $50 billion deal", "European regulators plan longer investigation of FCA, PSA Group merger plans", "EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition", https://www.carandbike.com/news/fca-groupe-psa-merger-officially-named-stellantis-2263662/amp, https://news.google.com/newspapers?id=MZxAAAAAIBAJ&sjid=GKUMAAAAIBAJ&pg=6208,1716150&dq=citroen&hl=en, "July 3, 2012 - Peugeot to Raise French Workforce Cuts to 10,000, Union Says", "Peugeot Citroën may cut 5000 jobs in Europe", "Peugeot gets government rescue as crisis deepens", "Peugeot Plunges After GM Sells Entire 7% Holding", "Peugeot signs rescue deal with China's Dongfeng Motor", "Zipcar is about to face an unlikely new competitor", "Iconic Ambassador car to make a come back in India: Here's all you need to know", "Karl-Thomas Neumann im Interview: Die Zukunft von Opel - auto motor und sport", http://www.autoguide.com/auto-news/2017/03/gm-officially-sells-opel-to-france-s-psa-group.html, "Opel-PSA Group Plans Job Cuts in Vienna", "Peugeot in talks to buy GM's Vauxhall and Opel business", "Groupe PSA special report: Refait à neuf", "Geely acquires Proton stake for RM460mil", "French politics killed the Fiat Chrysler-Renault merger", "Fiat Chrysler and Peugeot owner agree deal to create world's third largest automaker", "STELLANTIS: The name of the new group resulting from the merger of FCA and Groupe PSA", "Fiat Chrysler and Peugeot shareholders vote to merge, creating world's fourth-largest car maker", "Stellantis merger to close on Jan. 16 after PSA, FCA shareholders approve", "French carmaker Peugeot fires CEO to weather crisis", "Peugeot signs Dongfeng deal, recovery hurdles remain", "PSA and Saipa sign up to joint production in Iran | Article | Automotive Logistics", "DCPA inaugurates fourth plant in China to meet SUV demand | Article | Automotive Logistics", "Peugeot-Citroen to Invest €650 Million in Indian Assembly Plant", "PSA and CK Birla to start joint production operations in India | Article | Automotive Logistics", "Peugeot-Citroën Will Begin Assembly in Kazakhstan in June", "PSA invests in Morocco plant with a view to export | Article | Automotive Logistics", "Ford And PSA Peugeot Citroen Announce Plans For Expansion of Diesel Engine Production", "PSA Peugeot Citroen 1.6-litre turbo petrol", "Company profile_About Us_Jinan Qingqi Motorcycle Co., Ltd", "Russian Railways to keep "most" Gefco staff after sale approval", "Groupe PSA report part 4: Engineering logistics partnerships", "Enterprise Buys Peugeot Rental-Car Unit", "PSA Peugeot Citroën and Mitsubishi Motors Corporation begin production at their jointly owned plant in Kaluga", "IKCO-Peugeot Joint Venture (IKAP) Starts Working", "BMW Group and PSA Peugeot Citroën Create Joint Venture to Enhance Cooperation on Hybrid Technologies", "Fin d'une époque pour PSA qui quitte son siège historique de Paris", "Rueil-Malmaison : 700 salariés du groupe PSA investissent leur nouveau QG", "PSA de Mangualde produz unidade 1.000.000", "Peugeot to set up Rs 4,000-cr plant in Tamil Nadu", "PSA Group bolsters its commitment to Tunisia", "Groupe PSA Chooses Atlanta for its North American Headquarters", "Peugeot's Hybrid Air: the car of the future that runs on air", "Compressing Gas for a Cheaper, Simpler Hybrid", "Peugeot's 308 wins 2014 Car of the Year", Organisation Internationale des Constructeurs d'Automobiles, https://en.wikipedia.org/w/index.php?title=Groupe_PSA&oldid=998580278, Multinational companies headquartered in France, Conglomerate companies established in 1976, Vehicle manufacturing companies established in 1976, Articles with dead external links from December 2017, Articles with permanently dead external links, Articles with dead external links from February 2018, Articles needing additional references from March 2017, All articles needing additional references, Articles with unsourced statements from September 2018, Official website different in Wikidata and Wikipedia, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Peugeot Citroën Mitsubishi Automotiv Rus (70%), This page was last edited on 6 January 2021, at 01:39. The joint venture with the Chinese company Dongfeng Motor Corporation (later Dongfeng Motor Group) was established in 1992 and produces the Citroën C-Triomphe, 207, 307 and 408 models at factories in Wuhan and Xiangyang. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. The PSA Group, a global car manufacturer on the leading edge of efficiency and a provider of mobility solutions acclaimed by its customers. A new CEO, Carlos Tavares, was engaged and began to implement various cost-cutting measures and expanded the model range of all three core brands, alongside the creation of a new brand, DS Automobiles. Groupe PSA, legally known as Peugeot S.A. (French pronunciation: ​[ɡʁup pe ɛs a]; Peugeot Société Anonyme, also known as the PSA Group in English; formerly known as PSA Peugeot Citroën from 1991 to 2016), is a French multinational manufacturer of automobiles and motorcycles sold under the Peugeot, Citroën, DS, Opel and Vauxhall brands. GM agreed to continue to supply PSA with Ampera-e and other electric vehicle technology. [citation needed], On 17 February 2017, PSA announced its bid to acquire PROTON Holdings, which owns the Proton and Lotus brands, but lost out to Geely a few months later. This market research report provides information about Company Reports (Automotive), Automotive industry. Groupe PSA (known legally as Peugeot S.A.; known as the PSA Group in English; formerly known as PSA Peugeot Citroën from 1991 to 2016) is a French multinational manufacturer of automobiles and motorcycles sold under the Peugeot, Citroën, DS, Opel and Vauxhall brands. [26][27], On 24 October, PSA said it was close to an agreement with creditor banks on €11.5 billion ($14.9 billion) of refinancing and had won state guarantees on €7 billion in further borrowing by its Banque PSA Finance. The subsidiary owned 50% of the Chinese Jinan Qingqi Peugeot Motocycles joint venture in 2006 which became wholly owned subsidiary of China South Industries Group in 2013. The basic technology is not new—it has been used in heavy vehicles such as garbage trucks or buses which frequently start and stop—but its application to passenger cars is. From then on, the whole Chrysler/Simca range was sold under the Talbot badge until production of Talbot-branded passenger cars was shelved in 1987 and on commercial vehicles in 1992.[23]. Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. 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