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. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. [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. Cycles Peugeot produced bicycles from 1882 until 2005. [69] IKAP is a 50–50 joint venture with the Iran Khodro, based in Tehran. PSA Groupe Subsidiaries. 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]. [74] The group has been renting the building since 2017, right after its construction. 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. 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. 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. 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). 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. '"[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]. 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]. 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]. In 2001, ProCycle discontinued the Peugeot bicycle brand. Media in category "Subsidiaries of Groupe PSA" This category contains only the following file. We use cookies to give you the best browsing experience and provide you with more tailored information. [39], In May 2019 Fiat Chrysler Automobiles (FCA) announced its intention to seek a merger with Groupe Renault. 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 head office is now based in Nuneaton, UK, with all parts distributed from a warehouse in Luton, UK. The subsidiary owned 50% of the Chinese Jinan Qingqi Peugeot Motocycles joint venture in 2006 which became wholly owned subsidiary of China South Industries Group in 2013. “Information” means any information of any nature, in particular technical, commercial or economic, on … The merger would be on a 50-50 all stock basis. [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. 6 strategic regions driving manufacturing and sales ambitions. The PSA Mangualde Plant in Portugal produced its millionth vehicle in 2012. 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. See below for a description of these purposes and how your personal data is used by us and our partners. 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 [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. [46], PSA is actively committed to developing its market presence and sales in many fast growing developing countries and regions of the world. The joint venture with Iran Khodro was established in 2016 and produces some Peugeot models and imports other models in CBU for Iran market. In any car, seats play a critical role in the driver and passenger experience. The Talbot name survived for a little longer on commercial vehicles until 1992 before being shelved completely. Groupe PSA on LinkedIn, Twitter & YouTube. [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. Changan PSA is a 50–50 joint venture with the Chinese Chang'an Automobile Group, based in Shenzhen with an initial annual production capacity of 200,000 vehicles & engines. “PSA Peugeot Citroën Group” refers to PSA Peugeot Citroën and its Affiliates. Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all customer expectations. [56], Process Conception Ingénierie (PCI) is a French-based manufacturer of machine-tools for the automotive and aircraft industry. About Groupe PSA. 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. The Kaluga factory was built by the Russian-based joint venture between PSA Peugeot Citroën (70%) and Mitsubishi Motors (30%) established in 2011. 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. Market Research Report Summary. [citation needed], Opel and Vauxhall vehicles will also likely be sold in South America, Asia, Africa, Australia, and the Middle East. 3 strong and growing automotive brands. [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. [17][18] On 16 July 2020, both companies announced they intend to name their merged operations Stellantis. Banque PSA Finance. [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. Subscribe to the newsletter to get the latest Group news. 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 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 on Wikipedia, Google News & Yahoo Finance. [37] Some expressed concerns about what this major acquisition might do to PSA's bottom line. Groupe PSA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. [48] It announced plans to invest €650 million in a manufacturing plant in Sanand, India. 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. In 2008, the company investigated the option to buy Mitsubishi Motors but a deal could not be concluded and was called off in 2010. 455 talking about this. GM agreed to continue to supply PSA with Ampera-e and other electric vehicle technology. [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. 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. [75] It is 16,250-square-metre (174,900 sq ft) and was housing around 700 employees in 2017.[76]. ORGANISATIONAL STRUCTURE 7 1.2.1. PSA also sell their engines, gearboxes and other parts to small independent manufacturers such as DeLaChapelle and PGO. The engine is the result of a secret development project involving about 100 people. Groupe PSA joins hands with GoMechanic to bring Eurorepar product line in India "With GoMechanic as partner, we are going to offer various kinds of automotive products to all kinds of passenger vehicles in the country," Groupe PSA Senior Vice President, Sales and Marketing India Roland Bouchara told . You can manage your preferences and choose how your personal data is used for each of the purposes stated below. [71], The head office of PSA Group is located in Rueil-Malmaison. PSA Banque France; Citroen. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. [80], PSA Group exhibited the "Hybrid Air" engine, an experimental petro-hydraulic hybrid, at the 2013 Geneva Motor Show. 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. PSA is listed on the Euronext Paris stock exchange and is a constituent of the CAC 40 index.[9][10][11]. This market research report provides information about Company Reports (Automotive), Automotive industry. 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. 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. On 31 October 2019, Groupe PSA announced its intention of merging with Fiat Chrysler Automobiles. [67] From 2018, Peugeot Expert and Citroën Jumpy are built on site. PSA Groupe General Information Description. Groupe PSA. HISTORY AND HIGHLIGHTS OF THE COMPANY’S BUSINESS 6 1.2. Yann Vincent has been appointed Chief Executive in order to implement and develop it. 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 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. 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. PSA Peugeot-Citroen is Europe's second-largest automaker. [45] Streiff was replaced by Corus Group chief executive Philippe Varin. 29 Sep, 2020, 12.51 PM IST Groupe PSA - Strategy, SWOT and Corporate Finance Report report is published on February 11, 2020 and has 53 pages in it. 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%. Découvrez la richesse et la diversité des métiers du Groupe PSA et suivez l'actualité "côté coulisses" de notre entreprise ! With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. Jean-Martin Folz was PSA's CEO between 1996 and early 2007, when he was replaced by former Airbus head Christian Streiff. As a result of this, two factories have been built assembling three ranges of vehicles, Sevel Nord and Sevel Sud. Production versions were scheduled for 2015 or 2016 to sell at about US$25,000 or £17,000. Motaquip is an all-makes aftermarket parts company and was established in the UK by PSA Peugeot Citroën in 1981. Group organisation 7 1.2.3. The headquarters will be operational by February 2018. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. 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. [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. The site builds the Mitsubishi Outlander, Pajero Sport, and the Peugeot 308 and Citroën C4. PSA has a number of manufacturing and development sites around the world. We use cookies to give you the best browsing experience and provide you with more tailored information. 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). 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. [7][8] Peugeot is the largest PSA brand. [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. Q3 2020 Revenue - Groupe PSA Supervisory Board Press Release | Media Groupe PSA. Simplified organisation structure at 31 December 2018 8 1.3. [40] On 31 October 2019, Groupe PSA announced intent to merge with FCA. It is present in 160 countries and possesses 16 production sites across the world. – Financial deals tables and charts covering deal value and volumes trend, deal types and geography-based deal activity. [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 decision to locate in Atlanta came after a yearlong, nationwide search to find the optimal balance of business environment, standard of living and workforce. [citation needed], On 14 February 2017 PSA announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors. Groupe PSA : [45] Carlos Tavares became CEO in 2014. In early 2016, PSA unveiled a roadmap detailing its plan to re-enter the North American car market for the first time since 1991. 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. It manufactures the Citroën C1, Peugeot 108 and Toyota Aygo.[66]. Each shareholder holds 50% of PSA … Citroen Australia; Citroen Germany; Citroen UK; Free2Move; Free2Move Lease; Opel. ... Nations Women Empowerment Principles will provide PSA with an internationally recognized framework to be applied to all subsidiaries and countries of operation. 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. Parent-subsidiary relationships 8 1.2.4. Fiat Chrysler Automobiles and Groupe PSA, the French maker of Peugeot and Citroën cars, expect their merger to be complete on January 16th, the … PSA and BMW have an agreement to develop the 1.6 Prince engine. Groupe PSA – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. ***** Contacts. 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. You can manage your preferences and choose how your personal data is used for each of the purposes stated below. PSA Group has 211,000 employees at their 1 location and €56.28 B in annual revenue in FY 2015. Currently Sevel builds the Fiat Ducato, Peugeot Boxer, and Citroën Jumper. See insights on PSA Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Carlos Tavares (M) Chairman of the Managing Board. The factory will have a planned annual production of 1,200 units. [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. 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.