According to the website, the PSA Group is selling its stake in the Cologne plant as part of a restructuring for the merger with the FCA Group. At the same time, a decision was to be made to stop producing Peugeot 108 and Citroën C1. It is not known at this time when this will happen. “PSA is leaving both the factory and segment A,” the website quoted one source as saying.
The PSA Group declined to comment directly, but said it was considering which products best met customer expectations in the A-segment to which the two cars belong. As the cheapest floor of the market, it is most endangered by the tightening safety and emission requirements of the European Union.
At the same time, the FCA Group includes the Fiat brand, which is famous for the smallest cars of the summer and offers cars such as the 500 and Panda, which also reap considerable sales success. He has no reason to get rid of them. In addition, both cars, unlike the Peugeot and Citroen, already have a mild hybrid version and the 500 is even electric.
In addition, Segment A’s share of the European automotive market shrunk from 10.9% in 2010 to 7.4% last year. The more profitable segment B, which includes, for example, the Škoda Fabia, holds a share of about 30%. It is precisely these cars that the smallest cars are starting to approach due to strict Euro-EU regulations.