USA: PSA Peugeot Citroen considers return to US market
PSA Peugeot Citroen is considering returning to the US car market before Renault SA, France’s second-biggest carmaker, is able to establish a presence there.
PSA Peugeot Citroen is considering returning to the US car market before Renault SA, France’s second-biggest carmaker, is able to establish a presence there.
According to the Detroit News, citing Dow Jones Newswires, Peugeot chairman Jean-Martin Folz said: “We can’t ignore the fact that the American market is the biggest market in the world.”
The report said Peugeot, which holds 5.9% of the global car market, left the US market in 1992 when the sole model offered there was the 405 compact sedan.
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