The resulting company is called TPCA (Toyota Peugeot Citroën Automobile). [79], Groupe PSA (Paris:UG) has chosen to establish its new North American headquarters in Atlanta, Fulton County, Georgia. [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. Groupe PSA on Wikipedia, Google News & Yahoo Finance. Vigo, in Galicia has PSA's biggest factory in the world. The talks were in an advanced stage, but were a surprise to the press and to much of Opel's leadership as they had plans to transform the company into an electric-car-only brand using the platform of the Opel Ampera-e for a wide range of models. In any car, seats play a critical role in the driver and passenger experience. [45] Carlos Tavares became CEO in 2014. It provides various components to Peugeot, Citroën, DS and significant interior and exterior parts to companies such as Audi, BMW and Mercedes-Benz. On 29 February 2012, PSA announced the creation of a major alliance with General Motors (GM), as part of which GM became PSA's second-largest shareholder, after the Peugeot family, with a holding of 7%. 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. [46], PSA is actively committed to developing its market presence and sales in many fast growing developing countries and regions of the world. Yann Vincent has been appointed Chief Executive in order to implement and develop it. [36] He also announced that the Opel and Vauxhall brands would be elevated to new heights within Groupe PSA, including the sale of Opel and Vauxhall-branded vehicles outside Europe for the first time in many decades. [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. As Qualcomm Technologies’ most advanced automotive solution, the Snapdragon 820A processor can support the PSA Group’s … [60], Gefco is a large international logistics company,[61] established by Peugeot in 1949 and named Les Groupages Express de Franche-Comté. The merger would be on a 50-50 all stock basis. [68] It produces cars of the DS Automobiles brand. [74] The group has been renting the building since 2017, right after its construction. HISTORY AND HIGHLIGHTS OF THE COMPANY’S BUSINESS 6 1.2. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. 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. [citation needed], On 14 February 2017 PSA announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors. In late 1978, PSA purchased the failing Chrysler Europe (which had been Rootes and Simca) from the troubled US parent firm for a nominal US$1.00, plus assumption of outstanding debt, leading to losses for the consortium from 1980 to 1985. Subscribe to the newsletter to get the latest Group news. [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. See below for a description of these purposes and how your personal data is used by us and our partners. GROUPE PSA - 2018 REGISTRATION DOCUMENT 5 GROUPE PSA 1.1. [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. The new group will be incorporated in the Netherlands and have John Elkann as Chairman of the Board and Carlos Tavares as CEO. [38][36], PSA CEO Carlos Tavares met with German Chancellor Angela Merkel and British Prime Minister Theresa May at separate meetings where he toured some of Opel and Vauxhall's operations in Germany and the UK, respectively. [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. [75] It is 16,250-square-metre (174,900 sq ft) and was housing around 700 employees in 2017.[76]. On 31 October 2019, FCA announced intent to merge with Groupe PSA (owner of the Peugeot and Citroën brands among others) on a 50-50 all stock basis. [69] IKAP is a 50–50 joint venture with the Iran Khodro, based in Tehran. On 31 October 2019, Groupe PSA announced its intention of merging with Fiat Chrysler 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. [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. With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. Cartographie Peugeot Organigramme Chine.png 1,619 × 1,305; 78 KB PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. [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. On 18 December 2019, FCA and PSA announced that they had agreed to the terms of a binding $50 billion merger,[16] expected to be implemented in the next 12 months. 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 PSA Group, a global car manufacturer on the leading edge of efficiency and a provider of mobility solutions acclaimed by its customers. 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. 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. It manufactures the Citroën C1, Peugeot 108 and Toyota Aygo.[66]. Group organisation 7 1.2.3. [32] Although many only expected the DS to enter the North American market, PSA announced that all of its brands would be sold across the continent. PSA Groupe General Information Description. From 1929 until 2017, Opel was owned by General Motors.Opel vehicles are sold in the United Kingdom, Isle of Man and Channel Islands under the Vauxhall brand. We use cookies to give you the best browsing experience and provide you with more tailored information. Group PSA/FCA Citing increased cost-saving efficiencies Fiat Chrysler Automobiles and French automaker Groupe PSA have announced an agreement to merge, forming the … Groupe PSA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. “PSA Peugeot Citroën Group” refers to PSA Peugeot Citroën and its Affiliates. Groupe PSA/Opel and Total/Saft have signed an agreement for the creation of the joint venture ACC. The manufacturer of Peugeot, Citroën and DS Automobiles-branded cars and vans, 100% owned by PSA Group and formed from the combination of Automobiles Citroën and Automobiles Peugeot. '"[42] On 4 January 2021, both shareholders of PSA and FCA approve the merger and expected to close the deal on 16 January.[43][44]. It was founded by Peugeot in 1898 in Lille and later named Compagnie Lilloise de moteurs (CLM). In the United Kingdom, Peugeot Motor Company PLC is a wholly owned United Kingdom subsidiary of PSA Peugeot Citroën that operates the Peugeot UK, Citroën UK, and DS Automobile brands. The merger would be on a 50-50 all stock basis. The head office is now based in Nuneaton, UK, with all parts distributed from a warehouse in Luton, UK. Peugeot is the largest PSA brand worldwide, while Opel and Vauxhall are the largest PSA brands in Europe. [58], PSA owns 57.43% of automotive supplier Faurecia,[59] a company created by a 1997 merger between Bertrand Faure and PSA-owned ECIA. The site builds the Mitsubishi Outlander, Pajero Sport, and the Peugeot 308 and Citroën C4. European leader in low CO2 emissions. We will not use your data without your consent. 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 on LinkedIn, Twitter & YouTube. The jobs cut was more than previously announced. In 2001, ProCycle discontinued the Peugeot bicycle brand. 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. 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. 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