
Nevertheless, despite the Andre Citroen was a smart he was a gambler and a week individual. The terrible economic situation of his company leaded the company to ruin. In 1934 the car company was took over by the main creditor – Michelin Company. A year after, Citroen died from tummy cancer.
However, the story about Citroen automobile business does not finish. Citroen was a make and make does not die as a landlord. Now, in 2014 there are still Citroen’s automobiles at our streets. Furthermore, there are still manufactured new cars. 1976 was a very important year for the Citroen Company. In this year the vehicle company becomes a part of car concern called in short PSA, a full name is Peugeot Societe Anonyme.PSA was founded in 1976 and nowadays is a big producer of cars, commercial cars and motorbikes. The PSA has created such brands like: Citroen, Peugeot, Simca, Talbot and Panhard.Key people of the car corporation are: Philippe Varin who is CEO and Thierry Peugeot who is a chairman of the decision-making board.
PSA is a powerful manufacturer of vehicles, commercial vans and motorcycles. However, just two brands of PSA have made a worldwide career. They are: Citroen and Peugeot.Cars are accessible in our everyday life and individuals do not think how creators done them.
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They just sit and go and in this method they made the constructors’ dreams come true.