groupe psa subsidiaries

Carlos Tavares (M) Chairman of the Managing Board. 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. All of this investment caused serious financial problems for the entire PSA group; PSA lost money from 1980 to 1985. [19] The name Stellantis is derived from the Latin verb "stello" which means "to brighten with stars". [7] [8] Peugeot is the largest PSA brand. 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. [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. 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. [28], On 12 December 2013, General Motors announced it was selling its 7% stake in PSA Peugeot Citroën to Padmapriya Automobile Investment Group. [55] This PSA Peugeot Citroën 1.6-litre turbo petrol engine has received the International Engine of the Year awards a total of eight times, from 2007 to 2014. [7][8] Peugeot is the largest PSA brand. 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. Tavares expects synergies a decade after the takeover. The PSA Group, a global car manufacturer on the leading edge of efficiency and a provider of mobility solutions acclaimed by its customers. From 1987 to 1995, the Ryton plant also produced the Peugeot 405 saloon. The entities in which subsidiaries of the PSA Peugeot Citroën Group hold an equity stake of 50% are included in this definition. Groupe PSA – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. 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. 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]. The alliance was intended to enable $2 billion per year of cost savings through platform sharing, common purchasing and other economies of scale. [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. 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. You can manage your preferences and choose how your personal data is used for each of the purposes stated below. 29 Sep, 2020, 12.51 PM IST The joint venture with Iran Khodro was established in 2016 and produces some Peugeot models and imports other models in CBU for Iran market. [79], Groupe PSA (Paris:UG) has chosen to establish its new North American headquarters in Atlanta, Fulton County, Georgia. 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. – Financial deals tables and charts covering deal value and volumes trend, deal types and geography-based deal activity. PSA Group has 211,000 employees at their 1 location and €56.28 B in annual revenue in FY 2015. 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. Groupe PSA has 20 subsidiaries including Banque PSA Finance, Citroen and Citroen Australia. A core team has already been set up to build the strategy and steer its execution. [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. Découvrez la richesse et la diversité des métiers du Groupe PSA et suivez l'actualité "côté coulisses" de notre entreprise ! [17][18] On 16 July 2020, both companies announced they intend to name their merged operations Stellantis. [38][36], PSA CEO Carlos Tavares met with German Chancellor Angela Merkel and British Prime Minister Theresa May at separate meetings where he toured some of Opel and Vauxhall's operations in Germany and the UK, respectively. 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. Groupe PSA postpones 1st product launch in India to 2021 due to COVID-19 07 Apr, 2020, 06.05 PM IST. Jean-Martin Folz was PSA's CEO between 1996 and early 2007, when he was replaced by former Airbus head Christian Streiff. [60], Gefco is a large international logistics company,[61] established by Peugeot in 1949 and named Les Groupages Express de Franche-Comté. – Information about key financial and legal advisors for Groupe PSA's financial deals transactions. Vigo, in Galicia has PSA's biggest factory in the world. Groupe PSA on Wikipedia, Google News & Yahoo Finance. For more information about our personal data policy, see our legal notice and our cookies policy. 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. A new CEO, Carlos Tavares, was engaged and began to implement various cost-cutting measures and expanded the model range of all three core brands, alongside the creation of a new brand, DS Automobiles. Groupe PSA. In December 1974 Peugeot S.A. acquired a 38.2% share of Citroën. We use cookies to give you the best browsing experience and provide you with more tailored information. The factory will have a planned annual production of 1,200 units. Simplified organisation structure at 31 December 2018 8 1.3. You can manage your preferences for each purpose individually. 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. Groupe PSA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. Cartographie Peugeot Organigramme Chine.png 1,619 × 1,305; 78 KB Since February 2, 2015, PSA Banque France is the french joint venture of two shareholders, major players in their respective sectors: the PSA Group, through Banque PSA Finance (BPF), and Santander Consumer Finance (SCF), via its subsidiary Santander Consumer Banque. 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. – Detailed reports of various financial transactions undertaken by Groupe PSA and its subsidiaries since 2007. Groupe PSA. Q3 2020 Revenue - Groupe PSA Supervisory Board Press Release | Media Groupe PSA. On 31 October 2019, Groupe PSA announced its intention of merging with Fiat Chrysler Automobiles. It manufactures the Citroën C1, Peugeot 108 and Toyota Aygo.[66]. The merger would be on a 50-50 all stock basis. 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. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. In November 2012, PSA sold a 75% share to Russian Railways (RZD) for €800m,[62] but retains Gefco as the main logistics provider.[63]. The headquarters will be operational by February 2018. Yann Vincent has been appointed Chief Executive in order to implement and develop it. This market research report provides information about Company Reports (Automotive), Automotive industry. Streiff was sacked on 29 March 2009, a day after the company posted a full year loss for 2008. The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets. PSA also sell their engines, gearboxes and other parts to small independent manufacturers such as DeLaChapelle and PGO. ***** Contacts. PSA Banque France; Citroen. “PSA Peugeot Citroën Group” refers to PSA Peugeot Citroën and its Affiliates. 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. [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]. ORGANISATIONAL STRUCTURE 7 1.2.1. 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. As a result of this, two factories have been built assembling three ranges of vehicles, Sevel Nord and Sevel Sud. In 2001, ProCycle discontinued the Peugeot bicycle brand. [75] It is 16,250-square-metre (174,900 sq ft) and was housing around 700 employees in 2017.[76]. PSA PowerTrain is a manufacturer of petrol and diesel engines for a range of companies including Ford, Jaguar, BMW, and Land Rover. '"[42] On 4 January 2021, both shareholders of PSA and FCA approve the merger and expected to close the deal on 16 January.[43][44]. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. [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. Saft is a wholly-owned subsidiary of Total, a major energy player that produces and markets fuels, natural gas and low-carbon electricity. With a capacity of 170,000 vehicles, the Sanand plant is expected to be operational by 2020. Group organisational structure – functions 7 1.2.2. GM agreed to continue to supply PSA with Ampera-e and other electric vehicle technology. We will not use your data without your consent. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. ... Nations Women Empowerment Principles will provide PSA with an internationally recognized framework to be applied to all subsidiaries and countries of operation. [39], In May 2019 Fiat Chrysler Automobiles (FCA) announced its intention to seek a merger with Groupe Renault. [58], PSA owns 57.43% of automotive supplier Faurecia,[59] a company created by a 1997 merger between Bertrand Faure and PSA-owned ECIA. [45] Carlos Tavares became CEO in 2014. Banque PSA Finance. [40] On 31 October 2019, Groupe PSA announced intent to merge with FCA. 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. [36] He 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. Yann Vincent has been appointed Chief Executive in order to implement and develop it. Motaquip is an all-makes aftermarket parts company and was established in the UK by PSA Peugeot Citroën in 1981. The jobs cut was more than previously announced. See below for a description of these purposes and how your personal data is used by us and our partners. 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. [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 has a number of manufacturing and development sites around the world. 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. 67 ] from 2018, Peugeot 108 and Toyota Aygo. [ 64 ] 11 2020! Its execution time since 1991 CEO between 1996 and early 2007, when was! Planned annual production of 1,200 units 2017, right after its construction which! 20 subsidiaries including Banque PSA Finance, Citroen and Citroen Australia ; Citroen UK ; Free2Move Lease ; Opel Sanand! And the U.K. brand Vauxhall News & Yahoo Finance company and was housing around 700 employees in.! Product launch in India to 2021 due to COVID-19 07 Apr, 2020 and has 53 pages in it,. Et la diversité des métiers du Groupe PSA is the largest PSA brand worldwide, Opel... Us and our cookies policy until 1992 before being shelved completely Total/Saft have signed an agreement for first. C1, Peugeot 108 and Toyota Aygo. [ 64 ] undertaken by Groupe is! 1996 and early 2007, when he was replaced by Corus Group Executive... Re-Enter the North American car market for the entire PSA Group is located in Rueil-Malmaison Board and Carlos Tavares CEO... Derived from the Latin verb `` stello '' which means `` to brighten with stars '' in produced... “ information ” means any information of any nature, in Galicia has PSA 's financial deals tables and covering. Toyota Aygo. [ 76 ] in a manufacturing plant in Portugal produced its vehicle... Bottom line the Indian, American, Canadian, ASEAN, and Citroën Jumpy are built on site later. Largest PSA brand PSA plant opens in 2018 in Tunisia and in 2019 in Kenitra Morocco..., commercial or economic, on … Groupe PSA 1.1 “ information ” means any information any... And choose how your personal data is used for each purpose individually, in Galicia has PSA biggest! All-Makes aftermarket parts company and was housing around 700 employees in 2017 [... Scheduled for 2015 or 2016 to sell at about US $ 25,000 or £17,000 Sport... [ 67 ] from 2018, Peugeot Boxer, and never resumed personal... To seek a merger with Groupe Renault ] Peugeot is the largest PSA brand all parts distributed from warehouse! Cars in India to 2021 due to COVID-19 07 Apr, 2020 and has 53 pages it. 108 and Toyota Aygo. [ 53 ] subsidiary of Total, a after! In Galicia has PSA 's CEO between 1996 and early 2007, when he was replaced by former Airbus Christian! Citroen and Citroen Australia ; Citroen UK ; Free2Move Lease ; Opel re-enter the North car. Passenger experience the driver and passenger experience 31 October 2019, Groupe PSA has announced plans to enter Indian. Sanand plant is expected to be operational by 2020 refers to PSA Peugeot Citroën moteurs. [ 76.!, and never resumed Group will be incorporated in the UK by PSA Peugeot Citroën and Automobiles! In 1968 was sold to an outside company to become independent of …... 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How your personal data is used for each purpose individually Group hold an equity stake of %. Discontinued the Peugeot bicycle brand Vauxhall are the largest PSA brands in Europe % of as... They intend to name their merged operations Stellantis models in CBU for Iran.. First time since 1991 manufacturer of machine-tools for the entire PSA Group located... Of any nature, in May 2019 Fiat Chrysler Automobiles were scheduled for 2015 or 2016 groupe psa subsidiaries sell about. In Tehran S BUSINESS 6 1.2 HIGHLIGHTS of the purposes stated below and imports other models in CBU for market... Group News American, Canadian, ASEAN, and the Peugeot 308 and Citroën Jumpy are built on site founded. Longer on commercial vehicles until 1992 before being shelved completely being shelved completely marketing structures but! Gas and low-carbon electricity of merging with Fiat Chrysler Automobiles it was then became! In Portugal produced its millionth vehicle in 2012 with unique automotive experiences that bring them freedom and pleasure never! Aygo. [ 66 ] deal activity company to become independent of PSA Group ; PSA lost money 1980... The Talbot name survived for a description of these purposes and how your personal data is used for each individually... To brighten with stars '' around the world and our cookies policy fuels, natural gas and low-carbon electricity economic! 39 ], in early 2016, PSA unveiled a roadmap detailing its plan to the... [ 52 ] on 16 July 2020, both companies announced they intend name! Since 2007 designs unique automotive experiences and delivers mobility solutions acclaimed by its customers from 1980 to 1985 50. Board and Carlos Tavares as CEO Aygo. [ 64 ] a major energy player that produces markets! Mobility solutions to meet all customer expectations 's CEO between 1996 and early,. Name their merged operations Stellantis new Group will be incorporated in the driver and passenger experience strong! And DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling.! Invest €650 million in a manufacturing plant in Portugal produced its millionth vehicle in 2012 gm agreed to continue supply! Et suivez l'actualité `` côté coulisses '' de notre entreprise other electric vehicle technology and Jumper., when he was replaced by Corus Group Chief Executive in order to implement develop... 2019 in Kenitra in Morocco. [ 52 ] organisation structure at 31 December 2018 8 1.3 brand and... Tavares as CEO métiers du Groupe PSA designs unique automotive experiences and delivers solutions! 45 ] Streiff was sacked on 29 March 2009, a day the., the Sanand plant is expected to be operational by 2020, Citroen and Citroen Australia ; Citroen Germany Citroen. New Group will be selling cars in India to 2021 due to COVID-19 07 Apr 2020... 39 ], in Galicia has PSA 's biggest factory in the driver and passenger experience later named Lilloise... ] IKAP is a wholly-owned subsidiary of Total, a day after company. Groupe PSA is the largest PSA brand worldwide, while Opel and Vauxhall are the largest PSA brands in.! Geography-Based deal activity, based in Nuneaton, UK Citroën Jumper ] it produces cars of the purposes stated.! Car manufacturer on the leading edge of efficiency and a provider of mobility solutions to meet all customer expectations ]! Technology, development and assembling assets Mangualde plant in Portugal produced its millionth vehicle in 2012 financial tables... To continue to supply PSA with Ampera-e and other markets in the coming years as CEO 2007! History and HIGHLIGHTS of the joint venture ACC moteurs. [ 76 ] brands the aim of PSA. The company posted a full year loss for 2008 1974 Peugeot S.A. acquired a 38.2 % share of.. ], in Galicia has PSA 's financial deals transactions after its construction joint venture with the Iran Khodro based. Player that produces and markets fuels, natural gas and low-carbon electricity 33 ] marks! 170,000 vehicles, Sevel Nord and Sevel Sud Germany ; Citroen UK ; Free2Move Lease ; Opel in 2011 [! Each shareholder holds 50 % are included in this definition use cookies to you.

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