[6][7] On 18 December 2019, PSA and Fiat Chrysler Automobiles (FCA) announced that they had agreed to the terms of a binding $50 billion merger.

PSA announced plans to enter the Indian, American, Canadian, Southeast Asian, and other markets in the coming years.

In late 1978, PSA purchased the failing Chrysler Europe (which had been Rootes and Simca) from the troubled US parent firm for a nominal US$1.00, plus assumption of outstanding debt, leading to losses for the consortium from 1980 to 1985.

[20] Further investment was required because PSA decided to create a new brand for the entity for the disparate French and British models, based on the Talbot sports car last seen in the 1950s.

From then on, the whole Chrysler/Simca range was sold under the Talbot badge until production of Talbot-branded passenger cars was shelved in 1987 and on commercial vehicles in 1992.

[22] In 1987, the company dropped the Talbot brand for passenger cars when it ceased production of the Simca-developed Horizon; the Samba and Alpine/Solara had been discontinued a year earlier.

The alliance was intended to enable $2 billion per year of cost savings through platform sharing, common purchasing and other economies of scale.

[23] In July 2012, a union official said that PSA Peugeot Citroën would cut as much as 10 percent (8,000-10,000) of its French workforce of 100,356 employees on permanent and temporary contract.

[26] On 12 December 2013, General Motors announced it was selling its 7% stake in PSA Peugeot Citroën to Padmapriya Automobile Investment Group.

In early 2016, PSA unveiled a roadmap detailing its plan to re-enter the North American car market for the first time since 1991.

However, due to this amount of debt, it is likely that GM may give the brands to PSA, or sell Opel and Vauxhall at a highly reduced price.

[38][35] PSA CEO Carlos Tavares met with German Chancellor Angela Merkel and British Prime Minister Theresa May at separate meetings where he toured some of Opel and Vauxhall's operations in Germany and the UK, respectively.

On 18 December 2019, FCA and PSA announced that they had agreed to the terms of a binding $50 billion merger,[9] expected to be implemented in the next 12 months.

[41] On 15 July 2020, the two companies announced that the merged entity will be named Stellantis, from the "Latin verb 'stello' meaning 'to brighten with stars.

[43][44][45] The Peugeot, Citroën and DS Automobiles brands retain separate sales and marketing structures, but share common technology, development and assembling assets.

[53] Citroën will enter the Indian market in early 2021, with the launch of the C5 Aircross SUV manufactured at a plant in Tiruvallur, India.

PSA PowerTrain is a manufacturer of petrol and diesel engines for a range of companies including BMW, Ford, Jaguar, and Land Rover.

PSA also sells their engines, gearboxes and other parts to small independent manufacturers such as De La Chapelle and PGO.

[59] PSA owns 57.43% of automotive supplier Faurecia,[60] a company created by a 1997 merger between Bertrand Faure and PSA-owned ECIA.

It provides various components to Peugeot, Citroën, DS and significant interior and exterior parts to companies such as Audi, BMW and Mercedes-Benz.

[61] Gefco is a large international logistics company,[62] established by Peugeot in 1949 and named Les Groupages Express de Franche-Comté.

In November 2012, PSA sold a 75% share to Russian Railways (RZD) for €800m,[63] but retains Gefco as the main logistics provider.

Chrysler Europe marques included the British Sunbeam (1901–1976), Humber (1868-1976), Singer (1905–1970), Commer (1905–1979), Hillman (1907–1976), Karrier (1908–1977), the French Simca (1934–1977) and the Spanish Barreiros (1959–1978).

[66] Sevel (Société Européenne de Véhicules Légers SA and Società Europea Veicoli Leggeri-Sevel S.p.A.) was established in 1978 and is equally owned by PSA Group and Fiat.

[67] The Kaluga factory was built by the Russian-based joint venture between PSA Peugeot Citroën (70%) and Mitsubishi Motors (30%) established in 2011.

[82] In January 2018, Groupe PSA had chosen to establish its new North American headquarters in Atlanta after a yearlong, nationwide search to find the optimal balance of business environment, standard of living and workforce.

The basic technology is not new—it has been used in heavy vehicles such as garbage trucks or buses which frequently start and stop—but its application to passenger cars is.