PSA Group

Peugeot S.A., commonly known by the abbreviations PSA and PSA Group (French pronunciation: [ɡʁup pe ɛs ɑ]) (formerly PSA Peugeot Citroën and PSA Peugeot Talbot Citroën) was a French multinational automotive manufacturing company which produced automobiles and motorcycles under the Peugeot, Citroën, DS, Opel and Vauxhall brands. On 18 December 2019, PSA Group and Fiat Chrysler Automobiles (FCA) announced that they had agreed to the terms of a binding £38 billion merger. On 16 July 2020, both companies announced the new name for their merged operations, Stellantis. The deal closed on 16 January 2021. As of 2022, Stellantis is the fourth largest automaker by sales behind Toyota, Volkswagen, and Hyundai. Peugeot was the largest PSA brand. PSA was listed on the Euronext Paris stock exchange and was a constituent of the CAC 40 index. 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, Southeast Asian, and other markets in the coming years. Headquartered in Rueil-Malmaison, PSA, with sales of 3.88 million units in 2018, was the third-largest Europe-based automaker, distantly trailing industry leader Volkswagen's 10.8 million and just a fraction behind Renault. In 2019, PSA Group was the ninth largest automaker in the world, after Volkswagen, Toyota, the Renault–Nissan–Mitsubishi Alliance, General Motors, Hyundai, Ford, Honda, and Fiat Chrysler Automobiles.