Maker of Opel and Peugeot to re-enter US market within next eight years
PSA, which left the US in 1991, started its return to North America in 2016 with the introduction of its Free2Move app
Detroit — On Thursday, French vehicle maker PSA confirmed its plan for a gradual return to the US market, even if Washington follows through with a threat to impose tariffs of up to 25% on vehicle imports. PSA, which manufactures the Citroen, Peugeot and Opel brands, "confirms the implementation of its 10-years progressive return project in North America", as announced in April 2016, the company said in a statement. The vehicle maker, which left the US in 1991, started its return in 2016 with the introduction of its Free2Move app "that provides access to all car-sharing providers." The second phase will use PSA vehicles to "develop mobility solutions," followed finally by US sales of the brands for which "local production is considered." The statement came two-days after PSA North America CEO Larry Dominique told reporters the US vehicle tariff threat could delay the company’s return. "Tariffs would affect how fast and at what price point we return to the US market," he said. In May...
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