Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form

France’s Peugeot Set To Make American Return After 30-Year Absence

Posted on March 6, 2019 By ZMR NEWS No Comments on France’s Peugeot Set To Make American Return After 30-Year Absence

Well known carmaker from France, Peugeot has shown interest of coming back to the North American market. The announcement was made on Tuesday in this regard. During recession time in 1990s, many European carmakers had pulled out of the American market. Even Fiat had pulled out of American market before it purchased Chrysler and Peugeot.

Groupe PSA, The parent company was working on strategy to return to the American market for some years. In the recent past it has invested into mobility services business. Larry Dominique, CEO of the North American region of Groupe PSA revealed this information in an interview with CNBC.

France’s Peugeot Set To Make American Return After 30-Year Absence

He said that they are yet to decide exact date for re-launching Peugeot but it will not be later than 2026. Larry Dominique has worked with Nissan Motors before. Groupe PSA is a diversified group with history of more than two centuries and has interest in fields like watches, bicycles and culinary goods.In 2018, income from the automobile segment alone was €74 billion. The group sold more than 4 million vehicles in 2018 and it is ninth largest automobile group in the world.Dominique said that they are focusing on building a brand in this market.

The group owns brands like Peugeot, Opel/Vauxhall (owned by General Motors before) and Citroen, which are some of the best selling cars in the word. Earlier in 2016, group had shown inclination to come back in North American market and is already active in mobility service market in the US. Last year, in Washington DC, it had launched Free2Move car sharing service and planning to expand it in all major cities in the US and Canada.  They have said that it would take some time to decide which brands should be re-introduced in American market. Service Free2Go is using Chevy Cruze sedan and Chevrolet Equinox SUV, and they want to introduce Peugeot in near future. Dominique said that this strategy will work as to know people’s response to their products, before it will set up a sales network for this product.

Business Tags:France’s Peugeot Set To Make American Return After 30-Year Absence

Post navigation

Previous Post: App Makers Sharing Sensitive Data With Facebook But Not Telling Consumers
Next Post: Google, Verily Develop Tech To Identify Diabetic Retinopathy, Macular Edema

Related Posts

Nexstar To Buy Tribune Media For $4.1bn Business
lipgloss-packaging-boxes Leaving an Indelible Impression with your Lip Gloss Box Business
LimeBike Expansion By Introducing Car-Rental Services In Seattle Business
travel-western-Australia High Instability Of Cryptocurrency Prompting Investors To Go With Gold Investment Business
2 Ex Airline CEOs Slam Govt. Over Shutdown Business
Mall Vacancy Rate In US At 9%, More To Closures On The Way Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme