21 Facts About PSA Group

PSA Group, legally known as Peugeot S A was a French multinational automotive manufacturing company which produced automobiles and motorcycles under the Peugeot, Citroen, DS, Opel and Vauxhall brands.

PSA Group was listed on the Euronext Paris stock exchange and was a constituent of the CAC 40 index.

PSA Group has announced plans to enter the Indian, American, Canadian, South East Asian, and other markets in the coming years.

In 2019, Groupe PSA was the ninth largest automaker in the world, after Volkswagen, Toyota, the Renault–Nissan–Mitsubishi Alliance, General Motors, Hyundai Motor Group, Ford Motor Company, Honda, and Fiat Chrysler Automobiles.

Since Citroen had two successful new designs in the market at this time and Peugeot was typically prudent in its own finances, the PSA Group venture was a financial success from 1976 to 1979.

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In late 1978, PSA Group purchased the failing Chrysler Europe from the troubled US parent firm for a nominal US$1.

In early 2016, PSA Group unveiled a roadmap detailing its plan to re-enter the North American car market for the first time since 1991.

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, Citroen, and DS vehicles in India and purchase of the Ambassador brand from Hindustan Motors at the cost of INR 80 Crore.

On 14 February 2017 PSA Group announced that it was in talks to acquire Opel and Vauxhall Motors from General Motors.

PSA Group 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.

PSA Group 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.

On 17 February 2017, PSA Group announced its bid to acquire PROTON Holdings, which owns the Proton and Lotus brands, but lost out to Geely a few months later.

On 18 December 2019, FCA and PSA Group announced that they had agreed to the terms of a binding $50 billion merger, expected to be implemented in the next 12 months.

PSA Group was actively committed to developing its market presence and sales in many fast growing developing countries and regions of the world.

PSA Group PowerTrain is a manufacturer of petrol and diesel engines for a range of companies including Ford, Jaguar, BMW, and Land Rover.

PSA Group sell their engines, gearboxes and other parts to small independent manufacturers such as DeLaChapelle and PGO.

PSA Group wholly owns Banque PSA Group Finance which provides financial services, and 98.

PSA Group has a number of manufacturing and development sites around the world.

PSA 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.

Groupe PSA has chosen to establish its new North American headquarters in Atlanta, Fulton County, Georgia.

PSA Group exhibited the "Hybrid Air" engine, an experimental petro-hydraulic hybrid, at the 2013 Geneva Motor Show.