PSA Groupe
PSA stands for PSA, originally a French automobile concern producing cars, trucks and motorcycles. Today, the company is part of the multinational Stellantis Group.
Peugeot Société Anonyme
In 1976, the joint-stock company Peugeot Société Anonyme (PSA) was formed, which took over 89.95% of the shares of the then-bankrupt Citroën company. Today, PSA is headquartered in Paris and is represented primarily by five main brands: French Peugeot, Citroën, DS, German Opel, and British Vauxhall.
PSA Peugeot Citroën
In 1991, the company was renamed PSA Peugeot Citroën and began using a new logo.
In 2015, the PSA group employed approximately 184,107 people worldwide. PSA became the ninth largest car manufacturer worldwide (the second largest in Europe) with a production of 2.972 million vehicles in 2015. The turnover in the same year reached 54 billion euros. Sharing technical foundations among the car manufacturers is a matter of course.
PSA Groupe
In 2016, PSA Peugeot Citroën was renamed Groupe PSA. Groupe PSA remains owned by the Peugeot S.A. holding. The new company name also brought a new monochromatic logo:
In 2017, PSA acquired the German Opel and British Vauxhall from the American corporation General Motors, making the PSA group the second largest car manufacturer in Europe, just behind the Volkswagen Group.
Another major milestone in the history of the PSA group was announced in November 2019. CEO Carlos Tavares announced that an agreement had been reached for the planned merger of the PSA and FCA groups. The reason for the merger was to increase the competitiveness of all involved brands. The joint effort to address current issues such as emission limits, digitization, autonomous driving, etc. The new group was named STELLANTIS. It was officially established on January 16, 2021, marking the dissolution of the Groupe PSA and FCA groups.
