Key facts

1988

Cooperation: PSA Peugeot Citroën and Fiat Auto sign a new agreement on cooperation in the engineering and production of minivans, which are built at a new production site in France.

Museum: Inauguration of the Peugeot Museum in Sochaux, which highlights the roles played by the Peugeot companies in France's industrial history.

Adventure: Citroën organizes "Operation Dragon" in China: 140 young Europeans cover 4,500 km in AXs.

International: Creation of Peugeot Japan and the signing of an industrial agreement with the Iran-based Khodro group on local production of the 405.

Award: The 405 is elected "Car of the Year" in Europe.

The group's annual output: 2,103,700 vehicles