However, despite the Andre Citroen was a smart he was a gambler and a week individual. The terrible economic circumstances of his business leaded the company to ruin. In 1934 the car company was took over by the major creditor – Michelin Company. A year after, Citroen died from stomach cancer.
Nevertheless, the story about Citroen vehicle company does not end. Citroen was a make and make does not die as an owner. Now, in 2014 here are still Citroen’s cars at our roads. What is more, there are still manufactured new cars. 1976 was a very powerful year for the Citroen Corporation. In this year the automobile corporation was a part of vehicle concern named in short PSA, a full name is Peugeot Societe Anonyme.PSA was founded in 1976 and now is a great producer of cars, commercial vans and motorcycles. The PSA has produced such brands like: Citroen, Peugeot, Simca, Talbot and Panhard.Key individuals of the car corporation are: Philippe Varin who is CEO and Thierry Peugeot who is a chairman of the management board.
PSA is a great producer of vehicles, commercial cars and motorbikes. However, only two brands of PSA have made an international career.
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They are: Citroen and Peugeot.Automobiles are available in our day by day life and individuals do not think how creators made them. They just sit and go and in this method they made the creators’ wishes come true.