PARIS--(BUSINESS WIRE)--Regulatory News:
In 2016, the PSA Group (Paris:UG) was the first automobile manufacturer and the second contributor, over all business segments, in terms of contribution to the trade balance of France, by generating a surplus of €4.816 billion*.
Industry wide, the PSA Group is the first automobile manufacturer with more than one million vehicles and 80% of its engines and gear boxes manufactured on the French territory in 2016. French production of the PSA Group increased by 1.3% compared to 2015, representing more than one-third of its world production.
The five vehicle production plants and the eleven component manufacturing plants employ 39270 persons in France, nearly 70% of the Company's workforce worldwide.
Due to its major industrial presence in France, 17 vehicles of Peugeot, Citroën and DS brands are labelled "Guaranteed French Origin" by the Pro France Association.
With engineering expertise based in 4 sites in France, the PSA Group has been the top patent applicant in France for eight years.
The Company will abide with its commitments made as part of the NEC ("New Start for Growth") agreement signed by five out of six trade union organisations, representing 80% of the Company's employees. The NEC specifies one million vehicles manufactured and recruitment of 1,000 permanent employees over the lifetime of the agreement as well as the inclusion of 2,000 young people, through a new "Intergenerational Contract" to prepare for the future.
"In the name of all employees of the PSA Group, I am proud that we are again the automobile manufacturer that contributes the most to the trade balance of France. The continuous improvement of our competitiveness is in the service of the industry and economy of France" declared Carlos Tavares, Chairman of the Managing Board of the PSA Group.
*New vehicles, spare parts and replacement parts
About PSA Group
With sales and revenue of €54 billion in 2015, the PSA Group designs unique automotive experiences and delivers mobility solutions that provide freedom and enjoyment to customers around the world. The Group leverages the models from its three brands, Peugeot, Citroën and DS, as well as a wide array of mobility and smart services from its Free2Move brand, to meet the evolving needs and expectations of automobile users. The french automobile manufacturer PSA is the European leader in terms of CO2 emissions, with average emissions of 102.4 grams of CO2 per kilometre in 2016, and an early innovator in the field of autonomous and connected cars, with 1.8 million such vehicles worldwide. 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.
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