Description
Groupe PSA, legally known as Peugeot S.A. Peugeot Société Anonyme, also 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. Peugeot is the largest PSA brand. PSA is listed on the Euronext Paris stock exchange and is 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 has announced plans to enter the Indian, American, Canadian, ASEAN, 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, just a fraction behind Renault.
On 31 October 2019, Groupe PSA announced its intention of merging with Fiat Chrysler Automobiles. The merger would be on a 50-50 all stock basis. 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. On 16 July 2020, both companies announced they intend to name their merged operations Stellantis. The name Stellantis is derived from the Latin verb "stello" which means "to brighten with stars".
