That license was later withdrawn for Europe, though production of bicycles for export continued for another year. A core team has already been set up to build the strategy and steer its execution. The merger would be on a 50-50 all stock basis. [17][18] On 16 July 2020, both companies announced they intend to name their merged operations Stellantis. [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. It was founded by Peugeot in 1898 in Lille and later named Compagnie Lilloise de moteurs (CLM). [46], PSA is actively committed to developing its market presence and sales in many fast growing developing countries and regions of the world. 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. [citation needed] GM has discussed the possibility of handing over various patents, technologies, and platforms to PSA in exchange for PSA's taking responsibility for a portion of Opel employees' pensions, which it seems PSA has agreed to. Streiff was sacked on 29 March 2009, a day after the company posted a full year loss for 2008. PSA has a number of manufacturing and development sites around the world. The head office is now based in Nuneaton, UK, with all parts distributed from a warehouse in Luton, UK. 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. The merger would be on a 50-50 all stock basis. In early 2016, PSA unveiled a roadmap detailing its plan to re-enter the North American car market for the first time since 1991. Tavares expects synergies a decade after the takeover. With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. PSA also sell their engines, gearboxes and other parts to small independent manufacturers such as DeLaChapelle and PGO. About Groupe PSA. [37] Some expressed concerns about what this major acquisition might do to PSA's bottom line. Découvrez la richesse et la diversité des métiers du Groupe PSA et suivez l'actualité "côté coulisses" de notre entreprise ! – Information about key financial and legal advisors for Groupe PSA's financial deals transactions. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. 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. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. The Talbot name survived for a little longer on commercial vehicles until 1992 before being shelved completely. [citation needed], On 14 February 2017 PSA announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors. Groupe PSA has 20 subsidiaries including Banque PSA Finance, Citroen and Citroen Australia. “Information” means any information of any nature, in particular technical, commercial or economic, on … We use cookies to give you the best browsing experience and provide you with more tailored information. Subscribe to the newsletter to get the latest Group news. It manufactures the Citroën C1, Peugeot 108 and Toyota Aygo.[66]. Faurecia Faurecia is one of the world's largest automotive equipment suppliers, with three key Business Groups: Seating, Clean Mobility and Interiors Systems. Opel Automobile GmbH (German pronunciation: ), usually shortened to Opel, is a German automobile manufacturer subsidiary of Groupe PSA since August 2017. The PSA Mangualde Plant in Portugal produced its millionth vehicle in 2012. Banque PSA Finance. Fiat Chrysler Automobiles and Groupe PSA, the French maker of Peugeot and Citroën cars, expect their merger to be complete on January 16th, the … 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. Group organisation 7 1.2.3. Motaquip is an all-makes aftermarket parts company and was established in the UK by PSA Peugeot Citroën in 1981. Peugeot is the largest PSA brand worldwide, while Opel and Vauxhall are the largest PSA brands in Europe. [40] On 31 October 2019, Groupe PSA announced intent to merge with FCA. 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]. This led to huge investments and partnerships in South America, Iran (Iran Khodro)[47] and China (Dongfeng Peugeot-Citroën Automobile). ***** Contacts. Group PSA/FCA Citing increased cost-saving efficiencies Fiat Chrysler Automobiles and French automaker Groupe PSA have announced an agreement to merge, forming the … With a capacity of 170,000 vehicles, the Sanand plant is expected to be operational by 2020. Producing Peugeots in Ryton was significant, as it signaled the first time that PSA would build cars in the UK (car assembly at Ryton stopped in 2006 and the plant was closed). [39], In May 2019 Fiat Chrysler Automobiles (FCA) announced its intention to seek a merger with Groupe Renault. Citroen Australia; Citroen Germany; Citroen UK; Free2Move; Free2Move Lease; Opel. As a result of this, two factories have been built assembling three ranges of vehicles, Sevel Nord and Sevel Sud. The entities in which subsidiaries of the PSA Peugeot Citroën Group hold an equity stake of 50% are included in this definition. Automobiles Citroën, Automobiles Peugeot, and DS Automobiles remain in operation in relation to specific retail operations in various countries but not in the development or manufacture of vehicles. Sevel (Société Européenne de Véhicules Légers SA and Società Europea Veicoli Leggeri-Sevel S.p.A.) was established in 1978 and is equally owned by PSA Group (Peugeot Citroën DS) and Fiat. European leader in low CO2 emissions. GM agreed to continue to supply PSA with Ampera-e and other electric vehicle technology. 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. 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. [51] A PSA plant opens in 2018 in Tunisia and in 2019 in Kenitra in Morocco.[52]. [citation needed], Opel and Vauxhall vehicles will also likely be sold in South America, Asia, Africa, Australia, and the Middle East. In November 2012, PSA sold a 75% share to Russian Railways (RZD) for €800m,[62] but retains Gefco as the main logistics provider.[63]. [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. HISTORY AND HIGHLIGHTS OF THE COMPANY’S BUSINESS 6 1.2. [14] On 18 December 2019, FCA and PSA announced that they had agreed to the terms of a binding $50 billion merger,[15][16] which as of mid-2020 was pending approval by European competition regulators. 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 2008, the company investigated the option to buy Mitsubishi Motors but a deal could not be concluded and was called off in 2010. 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. 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. The resulting company is called TPCA (Toyota Peugeot Citroën Automobile). Citer SA is a French-based car rental company established by Citroën in 1968 was sold to Enterprise Holdings in 2011.[64]. The alliance was intended to enable $2 billion per year of cost savings through platform sharing, common purchasing and other economies of scale. We will not use your data without your consent. 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. ORGANISATIONAL STRUCTURE 7 1.2.1. 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] 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. 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. Following Dongfeng and the French government each acquiring stakes in Groupe PSA, various cost-cutting measures at the company turned its fortune around and gradually reduced PSA's debt, until the company began to turn a profit beginning in 2015. – Financial deals tables and charts covering deal value and volumes trend, deal types and geography-based deal activity. [80], PSA Group exhibited the "Hybrid Air" engine, an experimental petro-hydraulic hybrid, at the 2013 Geneva Motor Show. The PSA Group, a global car manufacturer on the leading edge of efficiency and a provider of mobility solutions acclaimed by its customers. The engine is the result of a secret development project involving about 100 people. Carlos Tavares (M) Chairman of the Managing Board. You can manage your preferences for each purpose individually. 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%. The company has had a partnership with Ford Motor Company since 1998,[54] supplying diesel engines to Ford and its subsidiaries, such as Jaguar, Volvo, and Land Rover. [67] From 2018, Peugeot Expert and Citroën Jumpy are built on site. This market research report provides information about Company Reports (Automotive), Automotive industry. [45] Carlos Tavares became CEO in 2014. Media in category "Subsidiaries of Groupe PSA" This category contains only the following file. 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. 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