[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. Citer SA is a French-based car rental company established by Citroën in 1968 was sold to Enterprise Holdings in 2011.[64]. [71], The head office of PSA Group is located in Rueil-Malmaison. 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. Faurecia Faurecia is one of the world's largest automotive equipment suppliers, with three key Business Groups: Seating, Clean Mobility and Interiors Systems. [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. “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. Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. 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. [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. [58], PSA owns 57.43% of automotive supplier Faurecia,[59] a company created by a 1997 merger between Bertrand Faure and PSA-owned ECIA. 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. 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. The factory will have a planned annual production of 1,200 units. [17][18] On 16 July 2020, both companies announced they intend to name their merged operations Stellantis. The merger would be on a 50-50 all stock basis. 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. 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. 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%. [33] This marks the first time in over twenty years that PSA will be selling cars in India. 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. ORGANISATIONAL STRUCTURE 7 1.2.1. [citation needed], On 14 February 2017 PSA announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors. This led to huge investments and partnerships in South America, Iran (Iran Khodro)[47] and China (Dongfeng Peugeot-Citroën Automobile). PSA Peugeot-Citroen is Europe's second-largest automaker. [7] [8] Peugeot is the largest PSA brand. Market Research Report Summary. We use cookies to give you the best browsing experience and provide you with more tailored information. Groupe PSA : 6 strategic regions driving manufacturing and sales ambitions. ... Nations Women Empowerment Principles will provide PSA with an internationally recognized framework to be applied to all subsidiaries and countries of operation. PSA also sell their engines, gearboxes and other parts to small independent manufacturers such as DeLaChapelle and PGO. [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. [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. Group organisation 7 1.2.3. [80], PSA Group exhibited the "Hybrid Air" engine, an experimental petro-hydraulic hybrid, at the 2013 Geneva Motor Show. [19] The name Stellantis is derived from the Latin verb "stello" which means "to brighten with stars". 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. PSA is listed on the Euronext Paris stock exchange and is a constituent of the CAC 40 index.[9][10][11]. Subscribe to the newsletter to get the latest Group news. [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. [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. Groupe PSA on Wikipedia, Google News & Yahoo Finance. A core team has already been set up to build the strategy and steer its execution. As Qualcomm Technologies’ most advanced automotive solution, the Snapdragon 820A processor can support the PSA Group’s … With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. [40] On 31 October 2019, Groupe PSA announced intent to merge with FCA. The joint venture with Iran Khodro was established in 2016 and produces some Peugeot models and imports other models in CBU for Iran market. [45] Carlos Tavares became CEO in 2014. [29][30], In 2014, Dongfeng Motor Group, the Chinese partner that builds PSA cars in China, and the French government each took a 13% stake in PSA, in a financial rescue operation, reducing the Peugeot family share from 25% to 14%.[31]. The Kaluga factory was built by the Russian-based joint venture between PSA Peugeot Citroën (70%) and Mitsubishi Motors (30%) established in 2011. 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. In any car, seats play a critical role in the driver and passenger experience. [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. The entities in which subsidiaries of the PSA Peugeot Citroën Group hold an equity stake of 50% are included in this definition. [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. 29 Sep, 2020, 12.51 PM IST Groupe PSA/Opel (Paris:UG) and Total/Saft have signed an agreement for the creation of the joint venture ACC. [60], Gefco is a large international logistics company,[61] established by Peugeot in 1949 and named Les Groupages Express de Franche-Comté. PSA Groupe Subsidiaries. Parent-subsidiary relationships 8 1.2.4. Citroen Australia; Citroen Germany; Citroen UK; Free2Move; Free2Move Lease; Opel. 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 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. With a capacity of 170,000 vehicles, the Sanand plant is expected to be operational by 2020. You can manage your preferences and choose how your personal data is used for each of the purposes stated below. In 1992 SCM-CLM as it was then known became Peugeot Citroën Moteurs.[53]. Groupe PSA. 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. 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. Groupe PSA/Opel and Total/Saft have signed an agreement for the creation of the joint venture ACC. PSA Group has 211,000 employees at their 1 location and €56.28 B in annual revenue in FY 2015. PSA PowerTrain is a manufacturer of petrol and diesel engines for a range of companies including Ford, Jaguar, BMW, and Land Rover. 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. Streiff was sacked on 29 March 2009, a day after the company posted a full year loss for 2008. With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. Groupe PSA postpones 1st product launch in India to 2021 due to COVID-19 07 Apr, 2020, 06.05 PM IST. 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. 455 talking about this. It was founded by Peugeot in 1898 in Lille and later named Compagnie Lilloise de moteurs (CLM). The hydraulic and electronic components were supplied by Robert Bosch GmbH. The PSA Mangualde Plant in Portugal produced its millionth vehicle in 2012. [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. Groupe PSA - Strategy, SWOT and Corporate Finance Report report is published on February 11, 2020 and has 53 pages in it. [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. [48] It announced plans to invest €650 million in a manufacturing plant in Sanand, India. [70] One outcome of the talks resulted in the Mitsubishi Outlander and Mitsubishi i-MiEV to be sold as Peugeot and Citroën in Europe. Saft is a wholly-owned subsidiary of Total, a major energy player that produces and markets fuels, natural gas and low-carbon electricity. It provides various components to Peugeot, Citroën, DS and significant interior and exterior parts to companies such as Audi, BMW and Mercedes-Benz. We will not use your data without your consent. In December 1974 Peugeot S.A. acquired a 38.2% share of Citroën. PSA and BMW have an agreement to develop the 1.6 Prince engine. [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. The headquarters will be operational by February 2018. 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. Banque PSA Finance. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. 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). Currently Sevel builds the Fiat Ducato, Peugeot Boxer, and Citroën Jumper. You can manage your preferences for each purpose individually. 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. Peugeot is the largest PSA brand worldwide, while Opel and Vauxhall are the largest PSA brands in Europe. Production versions were scheduled for 2015 or 2016 to sell at about US$25,000 or £17,000. Carlos Tavares (M) Chairman of the Managing Board. Media in category "Subsidiaries of Groupe PSA" This category contains only the following file. European leader in low CO2 emissions. The Talbot name survived for a little longer on commercial vehicles until 1992 before being shelved completely. [36] He also acknowledged the possibility of the Opel and Vauxhall brands being instrumental in the launch of Groupe PSA in North America. The new group will be incorporated in the Netherlands and have John Elkann as Chairman of the Board and Carlos Tavares as CEO. [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. 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]. As a result of this, two factories have been built assembling three ranges of vehicles, Sevel Nord and Sevel Sud. From 1987 to 1995, the Ryton plant also produced the Peugeot 405 saloon. [51] A PSA plant opens in 2018 in Tunisia and in 2019 in Kenitra in Morocco.[52]. You can manage your preferences and choose how your personal data is used for each of the purposes stated below. [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 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. You can manage your preferences for each purpose individually. The alliance was intended to enable $2 billion per year of cost savings through platform sharing, common purchasing and other economies of scale. Tavares expects synergies a decade after the takeover. 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. GROUPE PSA - 2018 REGISTRATION DOCUMENT 5 GROUPE PSA 1.1. [28], On 12 December 2013, General Motors announced it was selling its 7% stake in PSA Peugeot Citroën to Padmapriya Automobile Investment Group. Besides the eponymous brands, the company also owns the DSA luxury brand, Germany's Opel brand, and the U.K. brand Vauxhall. 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. See insights on PSA Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Cycles Peugeot produced bicycles from 1882 until 2005. [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. 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, 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. 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. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. Opel Automobile GmbH (German pronunciation: ), usually shortened to Opel, is a German automobile manufacturer subsidiary of Groupe PSA since August 2017. 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. Groupe PSA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. That license was later withdrawn for Europe, though production of bicycles for export continued for another year. 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]. PSA has a number of manufacturing and development sites around the world. 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. 3 strong and growing automotive brands. 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. [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. [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. [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. The site builds the Mitsubishi Outlander, Pajero Sport, and the Peugeot 308 and Citroën C4. Simplified organisation structure at 31 December 2018 8 1.3. 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. – Information about key financial and legal advisors for Groupe PSA's financial deals transactions. 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. The jobs cut was more than previously announced. 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. [39], In May 2019 Fiat Chrysler Automobiles (FCA) announced its intention to seek a merger with Groupe Renault. For more information about our personal data policy, see our legal notice and our cookies policy. “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. 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 Groupe PSA – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. – Detailed reports of various financial transactions undertaken by Groupe PSA and its subsidiaries since 2007. 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). In early 2016, PSA unveiled a roadmap detailing its plan to re-enter the North American car market for the first time since 1991. It is present in 160 countries and possesses 16 production sites across the world. [45] Streiff was replaced by Corus Group chief executive Philippe Varin. [69] IKAP is a 50–50 joint venture with the Iran Khodro, based in Tehran. Groupe PSA has 20 subsidiaries including Banque PSA Finance, Citroen and Citroen Australia. “PSA Peugeot Citroën Group” refers to PSA Peugeot Citroën and its Affiliates. Opel France; Opel Netherlands; Opel Sweden; Opel Turkey; Opel Vienna; Vauxhall Motors; Opel Bank; Peugeot France; Peugeot Motor … Aygo. [ 52 ] Group has been renting the building since 2017, after. ] IKAP is a wholly-owned subsidiary of groupe psa subsidiaries, a day after the company ’ BUSINESS. The second largest car manufacturer in Europe Ducato, Peugeot Expert and Citroën C4 's deals! For export continued for another year 700 employees in 2017. [ ]. Become independent of PSA as `` Motaquip Limited '' in December 2014 Motaquip was sold to Enterprise Holdings 2011. About company reports ( automotive ), automotive industry agreement for the entire PSA Group is located in.. 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