Groupe PSA: The Car Manufacturer That Contributed Most to France’s Trade Balance in 2017
February 23 2018 - 8:25AM
Business Wire
- Nearly €6 billion automobile trade
surplus, up 15%
- Surplus of 397,000 vehicles
exported, up 21%
- 15 Peugeot, Citroën and DS vehicles
earn “Guaranteed French Origin” label
Regulatory News:
Groupe PSA (Paris:UG) is the car manufacturer that made the
largest contribution to France’s trade balance in 2017, with a
surplus of €5.54 billion1, of which €200 million generated by the
Opel vehicles manufactured at the Sochaux plant.
The five vehicle assembly plants produced 1.1 million vehicles,
an increase of 12.9% on 2016, representing one-third of the Group's
worldwide vehicle production. The level of domestic output exceeds
the commitments made under the New Momentum for Growth agreement,
signed in July 2016 by five out of six French trade unions,
representing 80% of employees.
In addition, the 12 components plants manufactured five million
Groupe PSA engines and gearboxes in France.
Due to the Group’s strong manufacturing presence in France, 15
Peugeot, Citroën and DS vehicles2 were awarded the “Guaranteed
French Origin” label by the not-for-profit organization Pro
France.
Carlos Tavares, Chairman of the Managing Board of Groupe PSA,
stated: “Directly contributing to France's economic activity is a
source of great pride for our Group and for the 58,000 employees
based in the country. It is important to create the right economic
conditions to enable us to enhance, through our Push to Pass
strategic plan, the performance of our manufacturing base in France
in order to meet the challenges of the energy transition.”
About Groupe PSA
The Groupe PSA designs unique automotive experiences and
delivers mobility solutions to meet all client expectations. The
Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall,
as well as a wide array of mobility and smart services under its
Free2Move brand, aiming to become a great car maker and the
preferred mobility provider. It is an early innovator in the field
of autonomous and connected cars. It is also involved in financing
activities through Banque PSA Finance and in automotive equipment
via Faurecia. Find out more at groupe-psa.com/en.Media library:
medialibrary.groupe-psa.com / @GroupePSA
1 New vehicles, CKD units and spare parts.2 Peugeot 508, Peugeot
5008, Citroën E-MEHARI produced in Rennes (Ille-et-Vilaine)Peugeot
208 GTI, DS 3 produced in Poissy (Yvelines)Peugeot 2008, Citroën C4
and DS 4 produced in Mulhouse (Haut-Rhin)Peugeot 308, Peugeot 3008
and DS 5 produced in Sochaux (Doubs)Peugeot Expert and Traveller,
and Citroën Jumpy and SpaceTourer produced at Hordain (Nord)
Communications Department -
www.groupe-psa.com/en - +33 6 61 93 29 36 - @GroupePSA
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version on businesswire.com: http://www.businesswire.com/news/home/20180223005326/en/
Groupe PSAMedia contact:Karine Douet, +33 6 61
64 03 83karine.douet@mpsa.com