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.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now