However, despite the Andre Citroen was a genius he was a gambler and a week individual. The terrible financial situation of his company leaded the corporation to ruin. In 1934 the car corporation was took over by the main creditor – Michelin Corporation. A year after, Citroen died from tummy cancer.
However, the story about Citroen car business does not end. Citroen was a brand and brand does not die as an owner. Nowadays, in 2014 there are still Citroen’s automobiles at our roads. Moreover, there are still manufactured new vehicles. 1976 was a very influential year for the Citroen Company. In this year the automobile company becomes a part of car concern called in short PSA, a full name is Peugeot Societe Anonyme.PSA was founded in 1976 and now is a great producer of cars, commercial vehicles and motorbikes. The PSA has manufactured such marks like: Citroen, Peugeot, Simca, Talbot and Panhard.Key individuals of the vehicle company are: Philippe Varin who is CEO and Thierry Peugeot who is a chairman of the management board.
PSA is a great manufacturer of cars, commercial vehicles and motorcycles. Nevertheless, only 2 brands of PSA have made an international career. They are: Citroen and Peugeot.Vehicles are available in our daily life and individuals do not consider how inventors done them. They just sit and go and in this method they made the creators’ dreams come true.