PSA Group Bolsters Its Commitment to Tunisia
29 November 2016 - 2:19PM
Business Wire
Regulatory News:
PSA Group (Paris:UG) and STAFIM, PEUGEOT's
long-term partner in Tunisia, today signed a letter of intent to
assemble and sell a PEUGEOT brand Pick-up truck in Tunisia. This
planned assembly plant will start operations in mid-2018, producing
1,200 units annually to meet the demand in the Tunisian
market.
This agreement falls within the core model strategy of the "Push
to Pass" organic profitable growth plan, demonstrating the Group's
intention to build its presence in the Pick-Up segment.
At the "Tunisia 2020" International Conference on Investment
held in Tunis, with Béji Caïd Essebsi, President of Tunisia and
Manuel Valls, the French Prime Minister in attendance,
Jean-Christophe Quémard, Executive Vice-President for Middle East
& Africa, reaffirmed the PSA Group's commitments and goals for
investment in Tunisia and throughout the region.
With annual sales volume in excess of €250 million, the PSA
Group plays a key role in the growth of the Tunisian automotive
industry.
On this occasion, Jean-Christophe Quémard declared: "As a
long-standing partner in the growth of the Tunisian automotive
sector through its three brands, PEUGEOT, CITROEN and DS, with this
project, the PSA Group shows its intent to lead."
About PSA GroupWith sales and revenue of €54 billion
in 2015, the PSA Group designs unique automotive experiences and
delivers mobility solutions that provide freedom and enjoyment to
customers around the world. The Group leverages the models from its
three brands, Peugeot, Citroën and DS, as well as a wide array of
mobility and smart services from its Free2Move brand, to meet the
evolving needs and expectations of automobile users. PSA is the
European leader in terms of CO2 emissions, with average emissions
of 104.4 grams of CO2 per kilometre in 2015, and an early
innovator in the field of autonomous and connected cars, with
1.8 million such vehicles worldwide. It is also involved in
financing activities through Banque PSA Finance and in automotive
equipment via Faurecia. Find out more at groupe-psa.com/en.
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Press
Contact:PSAAlain Le Gouguec, +33 1 40 66 58
54alain.legouguec@mpsa.com
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