Groupe PSA: The Car Manufacturer That Contributed Most to France’s Trade Balance in 2017

  • 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

RUEIL-MALMAISON, France--()--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

Contacts

Groupe PSA
Media contact:
Karine Douet, +33 6 61 64 03 83
karine.douet@mpsa.com

Contacts

Groupe PSA
Media contact:
Karine Douet, +33 6 61 64 03 83
karine.douet@mpsa.com