Nevertheless, despite the Andre Citroen was a genius he was a gambler and a week individual. The bad financial circumstances of his corporation leaded the business to bankruptcy. In 1934 the car business was took over by the major creditor – Michelin Business. A year after, Citroen died from stomach cancer.
Nevertheless, the story about Citroen vehicle business does not end. Citroen was a brand and brand does not die as an owner. Now, in 2014 there are still Citroen’s cars at our roads. What is more, here are still manufactured novel autos. 1976 was a very important year for the Citroen Corporation. In this year the vehicle company becomes a part of automobile concern named in short PSA, a full name is Peugeot Societe Anonyme.PSA was founded in 1976 and nowadays is a great producer of cars, commercial vans and motorbikes. The PSA has produced such brands like: Citroen, Peugeot, Simca, Talbot and Panhard.Influential individuals of the vehicle corporation are: Philippe Varin who is president and Thierry Peugeot who is a chairman of the supervisory board.
PSA is a powerful manufacturer of cars, commercial vehicles and motorcycles. However, just 2 makes of PSA have made an international career. They are: Citroen and Peugeot.Vehicles are available in our everyday life and people do not consider how constructors made them. They only sit and drive and in this method they made the inventors’ dreams come true.