PSA Group
Former French automotive manufacturing corporation / From Wikipedia, the free encyclopedia
The PSA Group (French pronunciation: [ɡʁup pe ɛs ɑ]), legally known as Peugeot S.A. (Peugeot Société Anonyme, trading as Groupe PSA; formerly known as 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[update], Stellantis is the fourth largest automaker by sales behind Toyota, Volkswagen Group, and Hyundai Motor Group.[11]
Groupe PSA | |
Formerly | PSA Peugeot Citroën |
Company type | Public (Société Anonyme) |
Euronext Paris: UG | |
Industry | Automotive |
Predecessors | |
Founded | Paris, France April 1976; 48 years ago (1976-04) |
Defunct | 16 January 2021; 3 years ago (2021-01-16) |
Fate | Merged with Fiat Chrysler Automobiles (FCA) to form Stellantis |
Successor | Stellantis |
Headquarters | , France |
Area served | Worldwide |
Key people |
|
Products |
|
Production output | 3.5 million (2019)[2] |
Brands | |
Revenue | €74.731 billion (2019)[3] |
€4.668 billion (2019)[3] | |
€3.2 billion (2019)[3] | |
Total assets | €69.766 billion (2019)[3] |
Total equity | €21.801 billion (2019)[3] |
Owners |
|
Number of employees | 209,000 (2019)[2] |
Subsidiaries | List
|
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.