groupe psa subsidiaries

See below for a description of these purposes and how your personal data is used by us and our partners. However, due to this amount of debt, it is likely that GM may give the brands to PSA, or sell Opel and Vauxhall at a highly reduced price. PSA has announced plans to enter the Indian, American, Canadian, ASEAN, and other markets in the coming years. Citroen Australia; Citroen Germany; Citroen UK; Free2Move; Free2Move Lease; Opel. Streiff was sacked on 29 March 2009, a day after the company posted a full year loss for 2008. 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%. The PSA Mangualde Plant in Portugal produced its millionth vehicle in 2012. [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. All of this investment caused serious financial problems for the entire PSA group; PSA lost money from 1980 to 1985. PSA Group has 211,000 employees at their 1 location and €56.28 B in annual revenue in FY 2015. In Europe, the licence to produce Peugeot-branded bicycles was sold to Cycleurope, a company making bicycles under different names, on condition that it would be reconsidered in 2004. Citer SA is a French-based car rental company established by Citroën in 1968 was sold to Enterprise Holdings in 2011.[64]. '"[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]. 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