Today 07/29/2014 - 05:37:16 PM
Peugeot SA 10.595€
CAC 40 4,365.58 PTS
A Group with 200 years of industrial history, PSA Peugeot Citroën has strong roots in France. The number of cars built by the Group in France is 919,900 vehicles in 2013. The Group thereby contributes €4.5 billion to France’s trade balance. It builds a full 85% of engines and gearboxes and 33% of its vehicles in France. The Group has a workforce of around 83,930 in France, including 14,500 R&D engineers.
In 2013, PSA Peugeot Citroën sold 2,819,000 vehicles, of which 42.2% outside Europe. While maintaining strong roots in France with a workforce of 83,930, and in other European countries outside France, with a workforce of 62,664, the Group has decided to focus its development on three key regions: China, Latin America and Russia. These geographical regions, in which 48,088 Group employees live and work, are the main driving forces of global growth, and the regions in which mobility requirements are greatest.
Nine Peugeot vehicles (208 XY, 208 GTi, 2008, new 308, new 308 SW, 508, 3008, 5008 and Metropolis), three Citroën vehicles (C3, C4 and C5) and three DS (DS3, DS4, DS5 ) have received the “Origine France Garantie” from the association Pro France, guaranteeing them as built in France.
For products to obtain this label, final assembly must take place in France, and 50% of their value must be produced in France. The label gives consumers a guarantee that they are buying a product of French origin.
Following a certification process conducted by Bureau Veritas, the label was awarded to fifteen models. The percentage of value produced in France is around 68% on average for these models, and even 75% for the new Peugeot 308. The new 308 models to be marketed in Europe will be built at the PSA plant in Sochaux.
The fifteen vehicles carrying this label are built in the Group’s French plants:
This label underlines the importance of the industrial roots of PSA Peugeot Citroën. Building vehicles in France is key to its identity.
In 2013, the Group is one of France’s main exporters, showcasing French expertise and innovative capacities beyond national borders.
Key figures for PSA Peugeot Citroën in France:
Philippe Varin, Chairman of the Managing Board, expressed his satisfaction concerning this label. He emphasised that, "the 13 vehicles that received the label are premium vehicles, with Hybrid4 technology in some cases. They reflect the innovation and expertise of Group employees and demonstrate our efforts to continue our investment and manufacturing activities in France. The label also illustrates our commitment to remaining a major industrial player in France".
The Group plans to take this approach further by requesting the label for several other vehicles scheduled for launch at a later date and that will also be built in France.