Citroën

Paris is the capital and largest city of France. It is situated on the river Seine, in northern France, at the heart of the Île-de-France region . The city of Paris, within its administrative limits largely unchanged since 1860, has an estimated population of 2,211,297 , but the Paris... metropolitan area has a population of 12,089,098 , and is one of the most populated metropolitan areas in Europe. Paris was the largest city in the Western world for about 1,000 years, prior to the 19th century, and the largest in the entire world between the 16th and 19th centuries. Paris is today one of the world's leading business and cultural centres, and its influences in politics, education, entertainment, media, fashion, science, and the arts all contribute to its status as one of the world's major global cities. It hosts the headquarters of many international organizations such as UNESCO, the OECD, the International Chamber of Commerce or the European Space Agency. Paris is considered one of the greenest and most liveable cities in Europe.
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PSA Peugeot Citroën is a French multinational manufacturer of automobiles and motorcycles sold under the Peugeot and Citroën marques. Headquartered in the 16th arrondissement of Paris, PSA is the second-largest Europe-based automaker and the eighth-largest in the world measured by 2010 unit production. PSA is listed on the Euronext Paris stock exchange and is a constituent of the CAC 40 index. In December 1974 Peugeot S.A. acquired a... 38.2% share of Citroën. On 9 April 1976 they increased their stake of the then bankrupt company to 89.95%, thus creating the PSA Group , becoming PSA Peugeot Citroën. Since Citroën had two successful new designs in the market at this time and Peugeot was typically prudent in its own finances, the PSA venture was a financial success from 1976 to 1979. In late 1978, PSA purchased the failing Chrysler Europe , from the troubled U.S. parent firm for a nominal USD $1.00, plus assumption of outstanding debt, leading to losses for the consortium from 1980 to 1985.
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