[68] It produces cars of the DS Automobiles brand. Jean-Martin Folz was PSA's CEO between 1996 and early 2007, when he was replaced by former Airbus head Christian Streiff. In 2008, the company investigated the option to buy Mitsubishi Motors but a deal could not be concluded and was called off in 2010. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. [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. Groupe PSA in India along with its dealers, agencies and vendors understands the challenges to business this pandemic poses, as the global business isolation impacts all multinational projects, it said in a statement. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. [80], PSA Group exhibited the "Hybrid Air" engine, an experimental petro-hydraulic hybrid, at the 2013 Geneva Motor Show. In December 1974 Peugeot S.A. acquired a 38.2% share of Citroën. 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 [46], PSA is actively committed to developing its market presence and sales in many fast growing developing countries and regions of the world. – Financial deals tables and charts covering deal value and volumes trend, deal types and geography-based deal activity. 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 factory will have a planned annual production of 1,200 units. 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. What was to have been the Talbot Arizona became the Peugeot 309, with the former Rootes plant in Ryton and Simca plant in Poissy being turned over for Peugeot assembly from October 1985. About Groupe PSA. [45] Carlos Tavares became CEO in 2014. 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. PSA PowerTrain is a manufacturer of petrol and diesel engines for a range of companies including Ford, Jaguar, BMW, and Land Rover. On 9 April 1976[20] they increased their stake of the then bankrupt company to 89.95%, thus creating the PSA Group (where PSA is short for Peugeot Société Anonyme), becoming PSA Peugeot Citroën. We use cookies to give you the best browsing experience and provide you with more tailored information. [36] He assured the leaders that jobs would be safeguarded and that Vauxhall's Ellesmere Port plant was to be used by PSA at least until 2021. 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. A number of marques were inherited following the acquisition of Chrysler Europe in 1978, and some were merged to re-establish Talbot, a previously dormant marque. In 1978–79 PSA acquired the European car- and truck-making units and related finance operations of Chrysler Corporation of the United States, changing the names of these PSA subsidiaries to Talbot.In 1991 the company rebranded itself as PSA Peugeot Citroën, and in 2016 it took the name PSA Group. 6 strategic regions driving manufacturing and sales ambitions. Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. In September 2012, several changes are brought in by the management of the subsidiaries reporting to Commercial Operations Europe division, headed by Jean-Philippe Imparato.Christophe Musy, 45, previously Director for Central, Eastern Europe (CEE) and Scandinavia, will take over as head of the Sales Division of Dongfeng Peugeot Citroën Automobiles in China on 1 October. Opel Automobile GmbH (German pronunciation: ), usually shortened to Opel, is a German automobile manufacturer subsidiary of Groupe PSA since August 2017. Groupe PSA postpones 1st product launch in India to 2021 due to COVID-19 07 Apr, 2020, 06.05 PM IST. The jobs cut was more than previously announced. Peugeot UK's retail arm is Robins & Day which was part of Rootes Group before becoming a wholly owned subsidiary of Peugeot Motor Company PLC in 1970. GROUPE PSA - 2018 REGISTRATION DOCUMENT 5 GROUPE PSA 1.1. 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. PSA Groupe Subsidiaries. In 1992 SCM-CLM as it was then known became Peugeot Citroën Moteurs.[53]. [7] [8] Peugeot is the largest PSA brand. We use cookies to give you the best browsing experience and provide you with more tailored information. The merger would be on a 50-50 all stock basis. See below for a description of these purposes and how your personal data is used by us and our partners. Besides the eponymous brands, the company also owns the DSA luxury brand, Germany's Opel brand, and the U.K. brand Vauxhall. PSA has a number of manufacturing and development sites around the world. 29 Sep, 2020, 12.51 PM IST Yann Vincent has been appointed Chief Executive in order to implement and develop it. [citation needed], On 14 February 2017 PSA announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors. Subscribe to the newsletter to get the latest Group news. [58], PSA owns 57.43% of automotive supplier Faurecia,[59] a company created by a 1997 merger between Bertrand Faure and PSA-owned ECIA. – Information about key financial and legal advisors for Groupe PSA's financial deals transactions. PSA and BMW have an agreement to develop the 1.6 Prince engine. Groupe PSA – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. [57], Peugeot Motocycles is 51.05% owned by India's Mahindra Group and the rest by Peugeot and manufactures a range of mopeds and scooters. In November 2012, PSA sold a 75% share to Russian Railways (RZD) for €800m,[62] but retains Gefco as the main logistics provider.[63]. [71], The head office of PSA Group is located in Rueil-Malmaison. In 1987 ProCycle of Canada acquired rights to distribute French-made Peugeots in North America and in 1990, Cycles Peugeot sold the North American rights to market bicycles under the Peugeot name to ProCycle. ORGANISATIONAL STRUCTURE 7 1.2.1. There were some bright spots, however: mainly thanks to the success of the Peugeot 205 and in spite of Talbot sales withering away, PSA surpassed Renault in sales in the domestic French market for the first time in 1983. 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. The plan to re-enter the market has three-stages, be a partner in a vehicle for hire, then begin renting and sharing PSA's own vehicles to the public several years after, followed by a full launch, and establishing a dealer network in 2020. Groupe PSA on Wikipedia, Google News & Yahoo Finance. [48] It announced plans to invest €650 million in a manufacturing plant in Sanand, India. Fiat Chrysler Automobiles and Groupe PSA, the French maker of Peugeot and Citroën cars, expect their merger to be complete on January 16th, the … It was founded by Peugeot in 1898 in Lille and later named Compagnie Lilloise de moteurs (CLM). [19] The name Stellantis is derived from the Latin verb "stello" which means "to brighten with stars". ... Nations Women Empowerment Principles will provide PSA with an internationally recognized framework to be applied to all subsidiaries and countries of operation. With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. The Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand. [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. 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. In December 2014 Motaquip was sold to an outside company to become independent of PSA as "Motaquip Limited". [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 PSA Group, a global car manufacturer on the leading edge of efficiency and a provider of mobility solutions acclaimed by its customers. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. However, in early June merger talks were suspended, and never resumed. You can manage your preferences for each purpose individually. On 18 December 2019, FCA and PSA announced that they had agreed to the terms of a binding $50 billion merger, which as of mid-2020 was pending approval by European competition regulators.
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