Mitsubishi Motors and PSA Peugeot Citroen, have finalized a deal to place Mitsubishi’s electric engines into Peugeot’s vehicles, even though the Japanese manufacturer announced it had decided against a capital alliance with the 2nd largest Eurpoean car manufacturer just days ago. Last year, both companies indicated interests in working with each other to help produce… Read More
Peugeot is a French car brand, part of PSA Peugeot Citroën. The family business that preceded the current Peugeot company was founded in 1810, and manufactured coffee mills and bicycles. On 20 November 1858, Emile Peugeot applied for the lion trademark. Armand Peugeot built the concern’s first car, an unreliable steam tricycle, in collaboration with Leon Serpollet in 1889; this was followed in 1890 by an internal combustion car with a Panhard-Daimler engine. Due to family discord, Armand Peugeot in 1896 founded the Société des Automobiles Peugeot.
The Peugeot company and family are originally from Sochaux, France. Peugeot retains a large manufacturing plant and Peugeot Museum there. In February 2014, the shareholders agreed to a recapitalisation plan, under which Dongfeng Motors and the French government were each to buy a 14% stake in the company.