Peugeot and Citroën cars

In 1974 Peugeot bought a 30% stake in Citroën, and took over completely in 1975 after the French government gave large sums of money to the new company. Citroën was in financial trouble because too many developed new models for the radical financial resources. Some of them, especially Citroën SM and Comotor business rotary engine proved unprofitable. Another, Citroën CX and Citroën GS for example, proved very successful in the marketplace.

Parent company's venture into PSA (Peugeot Société Anonyme) group, which aims to maintain separate identities for both Peugeot and Citroën brands, while sharing engineering and technical resources. Peugeot thus briefly controlled the race valuable brand name Maserati, but disposed of it in May 1975 out of short-term financial problems.

Both Citroën enthusiasts and automotive journalists shows that the company takes innovation and talent acquisition marked decline. Citroën brand that continues to be successful in terms of sales, and now reaches more than one million units per year.

Peugeot cars info

Peugeot is a major French car brand, part of PSA Peugeot Citroën, the second largest car maker in Europe.

Family business that preceded the current Peugeot company was founded in 1810. On November 20, 1858, Emile Peugeot Peugeot family filed with the Registrar of seal lion mark. The Company is directed in part to the car in 1891 and produced the first car. Because of family disputes, Armand Peugeot in 1896 founded the Société des Automobiles Peugeot.

Peugeot roots back to the 19th century, coffee mill and bicycle manufacturing. Peugeot company and family who came from Sochaux, France. Peugeot maintain large factories and Peugeot Museum there. This also sponsors soccer club Sochaux, which was founded in 1928 by a member of the Peugeot family.