Citroen Australia; Citroen Germany; Citroen UK; Free2Move; Free2Move Lease; Opel. The head office is now based in Nuneaton, UK, with all parts distributed from a warehouse in Luton, UK. The hydraulic and electronic components were supplied by Robert Bosch GmbH. 3 strong and growing automotive brands. You can manage your preferences for each purpose individually. Subscribe to the newsletter to get the latest Group news. [68] It produces cars of the DS Automobiles brand. PSA Groupe General Information Description. Q3 2020 Revenue - Groupe PSA Supervisory Board Press Release | Media Groupe PSA. 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 report is published on February 11, 2020 and has 53 pages in it. [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. 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. 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 Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. PSA PowerTrain is a manufacturer of petrol and diesel engines for a range of companies including Ford, Jaguar, BMW, and Land Rover. [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. Currently Sevel builds the Fiat Ducato, Peugeot Boxer, and Citroën Jumper. Groupe PSA/Opel and Total/Saft have signed an agreement for the creation of the joint venture ACC. [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. Yann Vincent has been appointed Chief Executive in order to implement and develop it. 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. [37] Some expressed concerns about what this major acquisition might do to PSA's bottom line. 6 strategic regions driving manufacturing and sales ambitions. However, in early June merger talks were suspended, and never resumed. Market Research Report Summary. ORGANISATIONAL STRUCTURE 7 1.2.1. The factory will have a planned annual production of 1,200 units. [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. [28], On 12 December 2013, General Motors announced it was selling its 7% stake in PSA Peugeot Citroën to Padmapriya Automobile Investment Group. The Kaluga factory was built by the Russian-based joint venture between PSA Peugeot Citroën (70%) and Mitsubishi Motors (30%) established in 2011. HISTORY AND HIGHLIGHTS OF THE COMPANY’S BUSINESS 6 1.2. 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). [67] From 2018, Peugeot Expert and Citroën Jumpy are built on site. [60], Gefco is a large international logistics company,[61] established by Peugeot in 1949 and named Les Groupages Express de Franche-Comté. [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. [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 engine is the result of a secret development project involving about 100 people. PSA Groupe Subsidiaries. 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. [81] The vehicle uses nitrogen gas compressed by energy harvested from braking or deceleration to power a hydraulic drive which supplements power from its conventional gasoline engine. The jobs cut was more than previously announced. Groupe PSA has 20 subsidiaries including Banque PSA Finance, Citroen and Citroen Australia. 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. Parent-subsidiary relationships 8 1.2.4. Jean-Martin Folz was PSA's CEO between 1996 and early 2007, when he was replaced by former Airbus head Christian Streiff. 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. This led to huge investments and partnerships in South America, Iran (Iran Khodro)[47] and China (Dongfeng Peugeot-Citroën Automobile). 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]. In 2008, the company investigated the option to buy Mitsubishi Motors but a deal could not be concluded and was called off in 2010. [40] On 31 October 2019, Groupe PSA announced intent to merge with FCA. [citation needed], Opel and Vauxhall vehicles will also likely be sold in South America, Asia, Africa, Australia, and the Middle East. [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. 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. 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. Groupe PSA/Opel (Paris:UG) and Total/Saft have signed an agreement for the creation of the joint venture ACC. GROUPE PSA - 2018 REGISTRATION DOCUMENT 5 GROUPE PSA 1.1. 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. Opel Automobile GmbH (German pronunciation: ), usually shortened to Opel, is a German automobile manufacturer subsidiary of Groupe PSA since August 2017. The merger would be on a 50-50 all stock basis. It was founded by Peugeot in 1898 in Lille and later named Compagnie Lilloise de moteurs (CLM). See insights on PSA Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [69] IKAP is a 50–50 joint venture with the Iran Khodro, based in Tehran. Since February 2, 2015, PSA Banque France is the french joint venture of two shareholders, major players in their respective sectors: the PSA Group, through Banque PSA Finance (BPF), and Santander Consumer Finance (SCF), via its subsidiary Santander Consumer Banque. “Affiliate” means any current or future entity directly or indirectly controlled, within the meaning of Article L. 233-3-I and II of the French Commercial Code, by Peugeot SA, the holding company of the PSA Group. The Talbot name survived for a little longer on commercial vehicles until 1992 before being shelved completely. – Information about key financial and legal advisors for Groupe PSA's financial deals transactions. Banque PSA Finance. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. Group organisation 7 1.2.3. PSA Peugeot-Citroen is Europe's second-largest automaker. 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. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. Groupe PSA is the second largest car manufacturer in Europe. The site builds the Mitsubishi Outlander, Pajero Sport, and the Peugeot 308 and Citroën C4. PSA and BMW have an agreement to develop the 1.6 Prince engine. Groupe PSA on Wikipedia, Google News & Yahoo Finance. [75] It is 16,250-square-metre (174,900 sq ft) and was housing around 700 employees in 2017.[76]. [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. [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. In 2001, ProCycle discontinued the Peugeot bicycle brand. On 31 October 2019, Groupe PSA announced its intention of merging with Fiat Chrysler Automobiles. In early 2016, PSA unveiled a roadmap detailing its plan to re-enter the North American car market for the first time since 1991. 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. Vigo, in Galicia has PSA's biggest factory in the world. The resulting company is called TPCA (Toyota Peugeot Citroën Automobile). Carlos Tavares (M) Chairman of the Managing Board. [71], The head office of PSA Group is located in Rueil-Malmaison. In 1992 SCM-CLM as it was then known became Peugeot Citroën Moteurs.[53]. We use cookies to give you the best browsing experience and provide you with more tailored information. [45] Streiff was replaced by Corus Group chief executive Philippe Varin. [79], Groupe PSA (Paris:UG) has chosen to establish its new North American headquarters in Atlanta, Fulton County, Georgia. 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]. 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