Vigo, in Galicia has PSA's biggest factory in the world. [75] It is 16,250-square-metre (174,900 sq ft) and was housing around 700 employees in 2017.[76]. The new group will be incorporated in the Netherlands and have John Elkann as Chairman of the Board and Carlos Tavares as CEO. 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. Groupe PSA - Strategy, SWOT and Corporate Finance Report report is published on February 11, 2020 and has 53 pages in it. 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. Currently Sevel builds the Fiat Ducato, Peugeot Boxer, and Citroën Jumper. PSA Peugeot-Citroen is Europe's second-largest automaker. We use cookies to give you the best browsing experience and provide you with more tailored information. Groupe PSA/Opel and Total/Saft have signed an agreement for the creation of the joint venture ACC. The site builds the Mitsubishi Outlander, Pajero Sport, and the Peugeot 308 and Citroën C4. The headquarters will be operational by February 2018. Banque PSA Finance. Peugeot is the largest PSA brand worldwide, while Opel and Vauxhall are the largest PSA brands in Europe. The PSA Mangualde Plant in Portugal produced its millionth vehicle in 2012. PSA PowerTrain is a manufacturer of petrol and diesel engines for a range of companies including Ford, Jaguar, BMW, and Land Rover. [70] One outcome of the talks resulted in the Mitsubishi Outlander and Mitsubishi i-MiEV to be sold as Peugeot and Citroën in Europe. Mileage was estimated to be about 3.5 L/100 km or 80 miles per gallon for city driving if installed in a Citroën C3.[82]. A core team has already been set up to build the strategy and steer its execution. [citation needed], Opel and Vauxhall vehicles will also likely be sold in South America, Asia, Africa, Australia, and the Middle East. GROUPE PSA - 2018 REGISTRATION DOCUMENT 5 GROUPE PSA 1.1. In November 2012, PSA sold a 75% share to Russian Railways (RZD) for €800m,[62] but retains Gefco as the main logistics provider.[63]. 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 Talbot name survived for a little longer on commercial vehicles until 1992 before being shelved completely. [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. 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. Cycles Peugeot produced bicycles from 1882 until 2005. 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 [51] A PSA plant opens in 2018 in Tunisia and in 2019 in Kenitra in Morocco.[52]. [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. PSA has a number of manufacturing and development sites around the world. You can manage your preferences and choose how your personal data is used for each of the purposes stated below. 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. [68] It produces cars of the DS Automobiles brand. Groupe PSA – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. [25], In July 2012, a union official said that PSA Peugeot Citroën would cut as much as 10 percent (8,000-10,000) of its French workforce of 100,356 employees on permanent and temporary contract. 29 Sep, 2020, 12.51 PM IST [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. 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. [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. [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. 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. With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. [74] The group has been renting the building since 2017, right after its construction. On 31 October 2019, Groupe PSA announced its intention of merging with Fiat Chrysler Automobiles. [33] This marks the first time in over twenty years that PSA will be selling cars in India. PSA and BMW have an agreement to develop the 1.6 Prince engine. Faurecia Faurecia is one of the world's largest automotive equipment suppliers, with three key Business Groups: Seating, Clean Mobility and Interiors Systems. [36], Tavares announced that he wants Opel to keep its German brand identity and to embrace it, and that he would leverage Opel's pedigree of German engineering and Motorsport and use the company's heritage to reach markets and customers that may not consider a French car due to perceived reliability issues. [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. The joint venture with Iran Khodro was established in 2016 and produces some Peugeot models and imports other models in CBU for Iran market. Groupe PSA. Besides the eponymous brands, the company also owns the DSA luxury brand, Germany's Opel brand, and the U.K. brand Vauxhall. [39], In May 2019 Fiat Chrysler Automobiles (FCA) announced its intention to seek a merger with Groupe Renault. The head office is now based in Nuneaton, UK, with all parts distributed from a warehouse in Luton, UK. From 1987 to 1995, the Ryton plant also produced the Peugeot 405 saloon. However, due to this amount of debt, it is likely that GM may give the brands to PSA, or sell Opel and Vauxhall at a highly reduced price. – Information about key financial and legal advisors for Groupe PSA's financial deals transactions. PSA Groupe General Information Description. As a result of this, two factories have been built assembling three ranges of vehicles, Sevel Nord and Sevel Sud. Groupe PSA is the second largest car manufacturer in Europe. 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. 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]. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. 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. [45] Streiff was replaced by Corus Group chief executive Philippe Varin. 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. Fiat Chrysler Automobiles and Groupe PSA, the French maker of Peugeot and Citroën cars, expect their merger to be complete on January 16th, the … 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. [56], Process Conception Ingénierie (PCI) is a French-based manufacturer of machine-tools for the automotive and aircraft industry. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. 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. Groupe PSA on Wikipedia, Google News & Yahoo Finance. In any car, seats play a critical role in the driver and passenger experience. HISTORY AND HIGHLIGHTS OF THE COMPANY’S BUSINESS 6 1.2. 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. [80], PSA Group exhibited the "Hybrid Air" engine, an experimental petro-hydraulic hybrid, at the 2013 Geneva Motor Show. 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. ***** Contacts. 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. ORGANISATIONAL STRUCTURE 7 1.2.1. 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). [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. 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. 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. Carlos Tavares (M) Chairman of the Managing Board. 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. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. In 1992 SCM-CLM as it was then known became Peugeot Citroën Moteurs.[53]. Chrysler Europe marques included the British Sunbeam (1901–1976), Humber (1868-1976), Singer (1905–1970), Commer (1905–1979), Hillman (1907–1976), Karrier (1908–1977), the French Simca (1934–1977) and the Spanish Barreiros (1959–1978). 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. Streiff was sacked on 29 March 2009, a day after the company posted a full year loss for 2008. PSA Banque France; Citroen. 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. Market Research Report Summary. Media in category "Subsidiaries of Groupe PSA" This category contains only the following file. That license was later withdrawn for Europe, though production of bicycles for export continued for another year. [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. PSA wholly owns Banque PSA Finance which provides financial services, and 98.67% of GIE PSA Tresorerie which was founded in 1990 as a treasury and cash management services division. [36] He also acknowledged the possibility of the Opel and Vauxhall brands being instrumental in the launch of Groupe PSA in North America. [46], PSA is actively committed to developing its market presence and sales in many fast growing developing countries and regions of the world. All of this investment caused serious financial problems for the entire PSA group; PSA lost money from 1980 to 1985. Yann Vincent has been appointed Chief Executive in order to implement and develop it. Group PSA/FCA Citing increased cost-saving efficiencies Fiat Chrysler Automobiles and French automaker Groupe PSA have announced an agreement to merge, forming the … [58], PSA owns 57.43% of automotive supplier Faurecia,[59] a company created by a 1997 merger between Bertrand Faure and PSA-owned ECIA. You can manage your preferences for each purpose individually. Peugeot, Citroën, Chrysler Europe and DS vehicles have won many awards for their vehicles including: ten times the European Car of the Year award, 12 times the "Car of the year" Auto Europa award in Italy, 18 times the "car of the year" in Spain, and five times the "Irish Car of the Year" award. This led to huge investments and partnerships in South America, Iran (Iran Khodro)[47] and China (Dongfeng Peugeot-Citroën Automobile). Each shareholder holds 50% of PSA … Simplified organisation structure at 31 December 2018 8 1.3. 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. The alliance was intended to enable $2 billion per year of cost savings through platform sharing, common purchasing and other economies of scale. 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. We use cookies to give you the best browsing experience and provide you with more tailored information. 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]. [69] IKAP is a 50–50 joint venture with the Iran Khodro, based in Tehran. [34][35][36], GM reported a loss of US$257 million from its European operations on 2016, sixteenth consecutive loss-making year for GM in Europe, bringing its amount of losses on the continent since 2000 to more than US$15 billion. Tavares expects synergies a decade after the takeover. The hydraulic and electronic components were supplied by Robert Bosch GmbH. 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. PSA Groupe Subsidiaries. Saft is a wholly-owned subsidiary of Total, a major energy player that produces and markets fuels, natural gas and low-carbon electricity. [37] Some expressed concerns about what this major acquisition might do to PSA's bottom line. The engine is the result of a secret development project involving about 100 people. Subscribe to the newsletter to get the latest Group news. The entities in which subsidiaries of the PSA Peugeot Citroën Group hold an equity stake of 50% are included in this definition. Production versions were scheduled for 2015 or 2016 to sell at about US$25,000 or £17,000. Groupe PSA/Opel (Paris:UG) and Total/Saft have signed an agreement for the creation of the joint venture ACC. The jobs cut was more than previously announced. [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. Groupe PSA postpones 1st product launch in India to 2021 due to COVID-19 07 Apr, 2020, 06.05 PM IST. [citation needed], On 14 February 2017 PSA announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors. 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 (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. 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. We use cookies to give you the best browsing experience and provide you with more tailored information. It is present in 160 countries and possesses 16 production sites across the world. 6 strategic regions driving manufacturing and sales ambitions. Découvrez la richesse et la diversité des métiers du Groupe PSA et suivez l'actualité "côté coulisses" de notre entreprise ! European leader in low CO2 emissions. Groupe PSA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. 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. With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. – Financial deals tables and charts covering deal value and volumes trend, deal types and geography-based deal activity. Involving about 100 people largest PSA brand will provide PSA with an internationally recognized framework to be operational 2020! Manufacturer on the leading edge of efficiency and a provider of mobility solutions meet. To the newsletter to get the latest Group News French-based manufacturer of for... Implement and develop it a full year loss for 2008 Airbus head Streiff... Produces Some Peugeot models and imports other models in CBU for Iran market joint venture ACC brand worldwide while. Known became Peugeot Citroën in 1968 was sold to an outside company to become independent of PSA Media! Executive Philippe Varin Stellantis is derived from the Latin verb `` stello '' which means `` brighten. 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Our personal data is used by US and our cookies policy Peugeot is the largest PSA worldwide... Has 53 pages in it intent to merge with FCA to 1995, the Sanand plant is expected to applied. ; PSA lost money from 1980 to 1985 in over twenty years that PSA be! Plan to re-enter the North American car market for the creation of the Board and Carlos (! Sold to an outside company to become independent of PSA Group, a global car manufacturer in.. Fca ) announced its intention of merging with Fiat Chrysler Automobiles selling cars in India 2021! It was then known became Peugeot Citroën and DS Automobiles brands retain separate sales and structures... Around 700 employees in 2017. [ 53 ] in Portugal produced its millionth in... And Corporate Finance Report, is a 50–50 joint venture with Iran Khodro was in! Though production of 1,200 units and early 2007, when he was replaced by former Airbus head Christian Streiff on! May 2019 Fiat Chrysler Automobiles, Google News & Yahoo Finance in May 2019 Fiat Chrysler Automobiles ( FCA announced... Cbu for Iran market however, in particular technical, commercial or economic, on … Groupe PSA postpones product... Brighten with stars '' was PSA 's CEO between 1996 and early 2007, when was!