22.05.2014 17:42:00
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PSA Peugeot Citroën: Reminder: French Production Commitments in the New Social Contract
Regulatory News:
PSA Peugeot Citroen (Paris:UG) undertook firm commitments as part of the new social contract that it signed with its Trade unions. These commitments included the production of 1 million cars per year in France from 2016 and the announcement at least one new model for each of its French production plants during the period of the social contract.
At the same time the Group indicated very clearly that the production of B mainstream segment vehicles in France was no longer possible to achieve profitably and that in the future the French production plants would specialize in the manufacturing of C and D segment vehicles and high end B segment models. The production of B mainstream vehicles outside France has no impact on the commitments the company made and consequently there is no uncertainty or question over the future of the Poissy plant.
With regards to the Citroën C3 its replacement is not on the agenda and we do not comment our product plan in advance.
About PSA Peugeot Citroën
With its three world-renowned brands, Peugeot, Citroën and DS, PSA Peugeot Citroën sold 2.8 million vehicles worldwide in 2013, of which 42% outside Europe. The second largest carmaker in Europe, PSA Peugeot Citroën recorded sales and revenue of €54 billion in 2013. The Group confirms its position of European leader in terms of CO2 emissions, with an average of 115.9 grams of CO2/km in 2013. PSA Peugeot Citroën has sales operations in 160 countries. It is also involved in financing activities (Banque PSA Finance) and automotive equipment (Faurecia).
For more information, please visit www.psa-peugeot-citroen.com
Communications Department, Media relations : 75 av. de la Grande Armée -
75116 Paris
Telephone (33 1) 40 66 42 00 - www.psa-peugeot-citroen.com
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