***** Contacts. 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. 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. On 31 October 2019, Groupe PSA announced its intention of merging with Fiat Chrysler Automobiles. 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. The factory will have a planned annual production of 1,200 units. The merger would be on a 50-50 all stock basis. 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. Opel Automobile GmbH (German pronunciation: ), usually shortened to Opel, is a German automobile manufacturer subsidiary of Groupe PSA since August 2017. PSA Peugeot-Citroen is Europe's second-largest automaker. All of this investment caused serious financial problems for the entire PSA group; PSA lost money from 1980 to 1985. Citer SA is a French-based car rental company established by Citroën in 1968 was sold to Enterprise Holdings in 2011.[64]. It was founded by Peugeot in 1898 in Lille and later named Compagnie Lilloise de moteurs (CLM). That license was later withdrawn for Europe, though production of bicycles for export continued for another year. The engine is the result of a secret development project involving about 100 people. 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. “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. As Qualcomm Technologies’ most advanced automotive solution, the Snapdragon 820A processor can support the PSA Group’s … It manufactures the Citroën C1, Peugeot 108 and Toyota Aygo.[66]. 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). 6 strategic regions driving manufacturing and sales ambitions. Groupe PSA/Opel and Total/Saft have signed an agreement for the creation of the joint venture ACC. 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. [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. [39], In May 2019 Fiat Chrysler Automobiles (FCA) announced its intention to seek a merger with Groupe Renault. Groupe PSA : Cartographie Peugeot Organigramme Chine.png 1,619 × 1,305; 78 KB In 2008, the company investigated the option to buy Mitsubishi Motors but a deal could not be concluded and was called off in 2010. [7][8] Peugeot is the largest PSA brand. Q3 2020 Revenue - Groupe PSA Supervisory Board Press Release | Media Groupe PSA. [71], The head office of PSA Group is located in Rueil-Malmaison. [33] This marks the first time in over twenty years that PSA will be selling cars in India. In 2001, ProCycle discontinued the Peugeot bicycle brand. “PSA Peugeot Citroën Group” refers to PSA Peugeot Citroën and its Affiliates. PSA Banque France; Citroen. [75] It is 16,250-square-metre (174,900 sq ft) and was housing around 700 employees in 2017.[76]. – Financial deals tables and charts covering deal value and volumes trend, deal types and geography-based deal activity. [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]. [37] Some expressed concerns about what this major acquisition might do to PSA's bottom line. 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, is a source of comprehensive company data and information. The alliance was intended to enable $2 billion per year of cost savings through platform sharing, common purchasing and other economies of scale. [67] From 2018, Peugeot Expert and Citroën Jumpy are built on site. 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. Groupe PSA has 20 subsidiaries including Banque PSA Finance, Citroen and Citroen Australia. 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. [28], On 12 December 2013, General Motors announced it was selling its 7% stake in PSA Peugeot Citroën to Padmapriya Automobile Investment Group. 455 talking about this. GROUPE PSA - 2018 REGISTRATION DOCUMENT 5 GROUPE PSA 1.1. We will not use your data without your consent. This market research report provides information about Company Reports (Automotive), Automotive industry. Groupe PSA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. 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]. For more information about our personal data policy, see our legal notice and our cookies policy. 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. [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. 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%. PSA Groupe Subsidiaries. 3 strong and growing automotive brands. Carlos Tavares (M) Chairman of the Managing Board. 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 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. [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. [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. 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.