PSA Groupe General Information Description. Groupe PSA on Wikipedia, Google News & Yahoo Finance. The engine is the result of a secret development project involving about 100 people. Saft is a wholly-owned subsidiary of Total, a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Parent-subsidiary relationships 8 1.2.4. [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. 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. Group organisation 7 1.2.3. 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. As a result of this, two factories have been built assembling three ranges of vehicles, Sevel Nord and Sevel Sud. 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. Group organisational structure – functions 7 1.2.2. The resulting company is called TPCA (Toyota Peugeot Citroën Automobile). [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. 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. Each shareholder holds 50% of PSA … Citroen Australia; Citroen Germany; Citroen UK; Free2Move; Free2Move Lease; Opel. 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. PSA also sell their engines, gearboxes and other parts to small independent manufacturers such as DeLaChapelle and PGO. Media in category "Subsidiaries of Groupe PSA" This category contains only the following file. [67] From 2018, Peugeot Expert and Citroën Jumpy are built on site. With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. ... Nations Women Empowerment Principles will provide PSA with an internationally recognized framework to be applied to all subsidiaries and countries of operation. [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. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. It provides various components to Peugeot, Citroën, DS and significant interior and exterior parts to companies such as Audi, BMW and Mercedes-Benz. 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 . In 2008, the company investigated the option to buy Mitsubishi Motors but a deal could not be concluded and was called off in 2010. Groupe PSA. [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. 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. We use cookies to give you the best browsing experience and provide you with more tailored information. The alliance was intended to enable $2 billion per year of cost savings through platform sharing, common purchasing and other economies of scale. 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. [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. The PSA Mangualde Plant in Portugal produced its millionth vehicle in 2012. PSA Groupe Subsidiaries. Carlos Tavares (M) Chairman of the Managing Board. The jobs cut was more than previously announced. [33] This marks the first time in over twenty years that PSA will be selling cars in India. With strong iconic brands the aim of Groupe PSA is to provide its customers with unique automotive experiences that bring them freedom and pleasure. 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. 455 talking about this. All of this investment caused serious financial problems for the entire PSA group; PSA lost money from 1980 to 1985. You can manage your preferences for each purpose individually. PSA Group has 211,000 employees at their 1 location and €56.28 B in annual revenue in FY 2015. [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. [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. Groupe PSA – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. 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 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). 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. [58], PSA owns 57.43% of automotive supplier Faurecia,[59] a company created by a 1997 merger between Bertrand Faure and PSA-owned ECIA. [60], Gefco is a large international logistics company,[61] established by Peugeot in 1949 and named Les Groupages Express de Franche-Comté. [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. The Talbot name survived for a little longer on commercial vehicles until 1992 before being shelved completely. 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. 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. “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. [74] The group has been renting the building since 2017, right after its construction. ORGANISATIONAL STRUCTURE 7 1.2.1. 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. Yann Vincent has been appointed Chief Executive in order to implement and develop it. 6 strategic regions driving manufacturing and sales ambitions. [56], Process Conception Ingénierie (PCI) is a French-based manufacturer of machine-tools for the automotive and aircraft industry. ***** Contacts. 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. The merger would be on a 50-50 all stock basis. Groupe PSA : [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. [39], In May 2019 Fiat Chrysler Automobiles (FCA) announced its intention to seek a merger with Groupe Renault. [68] It produces cars of the DS Automobiles brand. Tavares expects synergies a decade after the takeover. GROUPE PSA - 2018 REGISTRATION DOCUMENT 5 GROUPE PSA 1.1. Currently Sevel builds the Fiat Ducato, Peugeot Boxer, and Citroën Jumper. [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. 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. Subscribe to the newsletter to get the latest Group news. In 1992 SCM-CLM as it was then known became Peugeot Citroën Moteurs.[53]. Production versions were scheduled for 2015 or 2016 to sell at about US$25,000 or £17,000. Market Research Report Summary. [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. 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. Groupe PSA on LinkedIn, Twitter & YouTube. [69] IKAP is a 50–50 joint venture with the Iran Khodro, based in Tehran. 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]. See below for a description of these purposes and how your personal data is used by us and our partners. 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. – Detailed reports of various financial transactions undertaken by Groupe PSA and its subsidiaries since 2007. 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. 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). [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. 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. The joint venture with Iran Khodro was established in 2016 and produces some Peugeot models and imports other models in CBU for Iran market. On 31 October 2019, Groupe PSA announced its intention of merging with Fiat Chrysler Automobiles. [45] Carlos Tavares became CEO in 2014. “PSA Peugeot Citroën Group” refers to PSA Peugeot Citroën and its Affiliates. [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 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. 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. PSA has a number of manufacturing and development sites around the world. In 2001, ProCycle discontinued the Peugeot bicycle brand. [17][18] On 16 July 2020, both companies announced they intend to name their merged operations Stellantis. In November 2012, PSA sold a 75% share to Russian Railways (RZD) for €800m,[62] but retains Gefco as the main logistics provider.[63]. 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. About Groupe PSA. PSA Peugeot-Citroen is Europe's second-largest automaker. [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 PSA Group, a global car manufacturer on the leading edge of efficiency and a provider of mobility solutions acclaimed by its customers. Fiat Chrysler Automobiles and Groupe PSA, the French maker of Peugeot and Citroën cars, expect their merger to be complete on January 16th, the … Groupe PSA/Opel and Total/Saft have signed an agreement for the creation of the joint venture ACC. Vigo, in Galicia has PSA's biggest factory in the world. 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%. [46], PSA is actively committed to developing its market presence and sales in many fast growing developing countries and regions of the world. As Qualcomm Technologies’ most advanced automotive solution, the Snapdragon 820A processor can support the PSA Group’s … 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 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. [citation needed], On 14 February 2017 PSA announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors. 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. – 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 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. PSA is listed on the Euronext Paris stock exchange and is a constituent of the CAC 40 index.[9][10][11]. See insights on PSA Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. 3 strong and growing automotive brands. A core team has already been set up to build the strategy and steer its execution. In any car, seats play a critical role in the driver and passenger experience. 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 … [37] Some expressed concerns about what this major acquisition might do to PSA's bottom line. [45] Streiff was replaced by Corus Group chief executive Philippe Varin. 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. You can manage your preferences and choose how your personal data is used for each of the purposes stated below. [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. PSA Banque France; Citroen. This market research report provides information about Company Reports (Automotive), Automotive industry. – Information about key financial and legal advisors for Groupe PSA's financial deals transactions. 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 report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. 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]. [7][8] Peugeot is the largest PSA brand. [40] On 31 October 2019, Groupe PSA announced intent to merge with FCA. Peugeot is the largest PSA brand worldwide, while Opel and Vauxhall are the largest PSA brands in Europe. 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. [7] [8] Peugeot is the largest PSA brand. [71], The head office of PSA Group is located in Rueil-Malmaison. In early 2016, PSA unveiled a roadmap detailing its plan to re-enter the North American car market for the first time since 1991. [79], Groupe PSA (Paris:UG) has chosen to establish its new North American headquarters in Atlanta, Fulton County, Georgia. [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. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. The site builds the Mitsubishi Outlander, Pajero Sport, and the Peugeot 308 and Citroën C4. 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. Groupe PSA postpones 1st product launch in India to 2021 due to COVID-19 07 Apr, 2020, 06.05 PM IST. PSA PowerTrain is a manufacturer of petrol and diesel engines for a range of companies including Ford, Jaguar, BMW, and Land Rover. 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). Groupe PSA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. [28], On 12 December 2013, General Motors announced it was selling its 7% stake in PSA Peugeot Citroën to Padmapriya Automobile Investment Group. 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. 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. 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 December 1974 Peugeot S.A. acquired a 38.2% share of Citroën. The head office is now based in Nuneaton, UK, with all parts distributed from a warehouse in Luton, UK. [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. 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. Opel Automobile GmbH (German pronunciation: ), usually shortened to Opel, is a German automobile manufacturer subsidiary of Groupe PSA since August 2017. [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.