PSA Group

Peugeot S.A.
Groupe PSA
FormerlyPSA Peugeot Citroën (1991–2016)
Company typePublic
Euronext Paris: UG
IndustryAutomotive
Predecessors
FoundedParis, France
April 1976; 48 years ago (1976-04)
Defunct16 January 2021; 3 years ago (2021-01-16)
FateMerged with Fiat Chrysler Automobiles (FCA) to form Stellantis
SuccessorStellantis
Headquarters
Rueil-Malmaison
,
France
Area served
Worldwide
Key people
Products
  • Automobiles (73.8%)
  • Automotive parts (21%)
  • Financing (2.8%)
  • Logistics (2.2%)
  • Motorcycles (0.2%)[1]
Production output
Decrease 3.5 million (2019)[2]
Brands
RevenueIncrease €74.731 billion (2019)[3]
Increase €4.668 billion (2019)[3]
Increase €3.2 billion (2019)[3]
Total assetsIncrease €69.766 billion (2019)[3]
Total equityIncrease €21.801 billion (2019)[3]
Owners
Number of employees
209,000 (2019)[2]
Subsidiaries
List
Websitegroupe-psa.com at the Wayback Machine (archived 4 May 2020)

Peugeot S.A., trading as Groupe PSA (French pronunciation: [ɡʁup pe ɛs ɑ]) (formerly PSA Peugeot Citroën from 1991 to 2016) was a French multinational automotive manufacturing company which produced automobiles and motorcycles under the Peugeot, Citroën, DS, Opel and Vauxhall brands.[6][7] On 18 December 2019, PSA and Fiat Chrysler Automobiles (FCA) announced that they had agreed to the terms of a binding $50 billion merger.[8][9] On 16 July 2020, both companies announced the new name for their merged operations, Stellantis.[10] The deal closed on 16 January 2021. As of 2022, Stellantis is the fourth largest automaker by sales behind Toyota, Volkswagen Group, and Hyundai Motor Group.[11]

Peugeot was the largest PSA brand. PSA was listed on the Euronext Paris stock exchange and was a constituent of the CAC 40 index.[12][13][14]

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

Headquartered in Rueil-Malmaison, PSA, with sales of 3.88 million units in 2018,[15] was the third-largest Europe-based automaker, distantly trailing industry leader Volkswagen's 10.8 million[16] and just a fraction behind Renault.[17]

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.

  1. ^ "Peugeot Company Information". NYSE Euronext. Archived from the original on 17 December 2012. Retrieved 4 January 2012.
  2. ^ a b "Key figures". PSA Group. Retrieved 14 December 2020.
  3. ^ a b c d e "2019 Annual Results". PSA Group.
  4. ^ "Groupe PSA registration document 2018". 26 March 2019.
  5. ^ "Peugeot to sell 75% stake in Gefco to Russia's RZD for €800 mn". Hindustan Times. AFP. Archived from the original on 25 January 2013.
  6. ^ "Official website". DS Automobiles. Archived from the original on 16 December 2014.
  7. ^ "Opel/Vauxhall to join PSA Group". PSA Group. 6 March 2017. Archived from the original on 6 March 2017. Retrieved 7 March 2017.
  8. ^ Ewing, Jack; Alderman, Liz (18 December 2019). "Fiat Chrysler and Peugeot Agree on Terms to Forge New Auto Giant". The New York Times. ISSN 0362-4331. Retrieved 18 December 2019.
  9. ^ "Fiat Chrysler, Peugeot owner PSA agree binding merger in $50 billion deal". Reuters. 18 December 2019. Retrieved 18 December 2019.
  10. ^ "FCA, Groupe PSA Merger Officially Named 'Stellantis'". Car & Bike. 16 July 2020. Archived from the original on 4 November 2021. Retrieved 20 November 2020.
  11. ^ "Top 15 Automakers in the World | Car Sales Rank Worldwide". F&I Tools. Retrieved 16 September 2023.
  12. ^ "PSA returns to French CAC 40 index and may hit operating margin target earlier than planned". Automotive News. 23 March 2015. Retrieved 23 March 2015.
  13. ^ Ahad, Abdul (7 September 2012). "Embattled Peugeot booted from French CAC 40 index". Business Recorder. Archived from the original on 11 August 2017. Retrieved 28 April 2022.
  14. ^ "Peugeot éjecté du CAC 40 : un nouveau coup dur pour l'image du constructeur". La Voix du Nord. 7 September 2012. Archived from the original on 7 January 2013.
  15. ^ "Groupe PSA : Commercial Results 2018". PSA Group. Retrieved 28 May 2019.
  16. ^ Volkswagen 2018 Annual Report
  17. ^ "Worldwide Sales Results 2018: Groupe Renault sales reached 3.9 million vehicles, up 3.2% with Jinbei and Huasong". Renault. Retrieved 1 June 2019.