PEUGEOT : PSA Group wins Automotive News Europe award
June 14, 2016 at 04:34 am EDT
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• The Group has been applauded for the implementation of its Back in the Race plan
• Europe's car industry majors were out in force at the Automotive News Europe Congress on 7-8 June, 2016
• L.E.A.D.E.R awards recognise one manufacturer, one supplier and one retailer
PSA Group was recognised in the OEM category for the flawless implementation of its strategic Back in the Race plan, which enabled it to restore its financial fundamentals in record time.
The L.E.A.D.E.R awards, a joint initiative by Automotive News Europe and AIC-Automotive Intelligence Center, are handed out each year to outstanding performers in the automotive industry. This year's awards ceremony was held at BMW WELT in Munich, Germany.
Jason Stein, Automotive News Publisher and Editor, applauded 'the successful implementation of PSA Group's Back in the Race revitalisation plan, which helped accelerate the automaker's recovery following some difficult years. The strategy put heavy emphasis on improving net pricing at PSA's Peugeot, Citroen and DS brands and required the automaker to optimise its operations to improve its competitiveness in Europe and around the world. By following the plan, PSA achieved in two years an operating profit margin that it expected to reach in five.'
Denis Martin, PSA Group's Executive Vice-President, Operations Europe, collected the award on behalf of the Group, saying 'this Award recognises the commitment shown by each and every PSA Group employee in implementing the Back in the Race plan in Europe and around the world. It also provides an incentive for our teams to successfully implement the new Push to Pass strategic plan'.
PSA Peugeot Citroën SA published this content on 08 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 June 2016 08:34:06 UTC.
Original documenthttp://media.groupe-psa.com/en/press-releases/group/psa-group-wins-automotive-news-europe-award
Public permalinkhttp://www.publicnow.com/view/B1134A43C22BDCB743F3F9C2EFD0F94739AFD9D1
Stellantis N.V. is one of the world's leading car manufacturers. The activity is essentially organized around 4 sectors:
- sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands;
- sale of luxury vehicles: Maserati and DS Automobiles brands;
- sale of automotive equipment: interior systems, car seats, car exteriors, emission control systems, etc.;
- other: sales financing services (purchase, rental, leasing, etc.), after-sales services, etc.; - other: sales financing services (purchase, rental, leasing, etc.).
Net sales are distributed geographically as follows: the Netherlands (0.8%), North America (46.7%), France (9.5%), Brazil (7.3%), Italy (6.2%), Germany (5.5%), the United Kingdom (4.4%), China (0.6%) and other (19%).
PEUGEOT SA 
