Chinese force PSA their Parisian hoofdkwarier to leave

Posted on 07-01-2015 at 16:39 by dizono – 36 Comments”

Since the beginning of last year, and the Chinese Dongfeng, co-owner of PSA and pressing them one after the other cost saving measure through. Even the headquarters near the Arc de Triomphe appears not to be safe for the Chinese besparingsdrift.

It’s still not good with PSA, parent company of Citroën and Peugeot. 2014 starts bad as on top of the 11.200 earlier fired another 1500 employees on the street. February that year the Chinese Dongfeng take a stake of 14 percent in the company, enough to make the Peugeot family control to take it away. Both a country as the Chinese have pumped hundreds of millions into the company and in return they wanted or what to say. Two months after Donfeng had purchased appeared the news that the modellenaanbod halved going to be cost savings. Under pressure from the Chinese co-owner is now also the headquarters on the Avenue de la Grande Armée, the continuation of the Champs-Élyséés, closed according to Automotive News Europe.

Peugeot left the building in 1961 to build and established its headquarters there. In 1976 took over the Citroen and was the office headquarters of the resulting PSA. For the new head office will be the company in 2017 to relocate to a cheaper location in a western suburb of Paris.