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Peugeot Partner
Peugeot (, , ) is a French brand of automobiles owned by Stellantis. The family business that preceded the current Peugeot companies was founded in 1810, with a steel foundry that soon started making hand tools and kitchen equipment, and then bicycles. On 20 November 1858, Émile Peugeot applied for the lion trademark. Armand Peugeot (1849–1915) built the company's first car steam tricycle, in collaboration with Léon Serpollet in 1889; this was followed in 1890 by an internal combustion car with a Panhard- Daimler engine. The Peugeot company and family are originally from Sochaux. Peugeot retains a large manufacturing plant and Peugeot museum there. In February 2014, the shareholders agreed to a recapitalisation plan for the PSA Group, in which Dongfeng Motors and the French government each bought a 14% stake in the company. Peugeot has received many international awards for its vehicles, including six European Car of the Year awards. Peugeot has been involved succ ...
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Brand
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Brand names are sometimes distinguished from generic or store brands. The practice of branding - in the original literal sense of marking by burning - is thought to have begun with the ancient Egyptians, who are known to have engaged in livestock branding as early as 2,700 BCE. Branding was used to differentiate one person's cattle from another's by means of a distinctive symbol burned into the animal's skin with a hot branding iron. If a person stole any of the cattle, anyone else who saw the symbol could deduce the actual owner. The term has been extended to mean a strategic personality for a product or compa ...
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Panhard
Panhard was a French motor vehicle manufacturer that began as one of the first makers of automobiles. It was a manufacturer of light tactical and military vehicles. Its final incarnation, now owned by Renault Trucks Defense, was formed by the acquisition of Panhard by Auverland in 2005, and then by Renault in 2012. In 2018 Renault Trucks Defense, ACMAT and Panhard combined under a single brand, Arquus. History Panhard was originally called Panhard et Levassor, and was established as an automobile manufacturing concern by René Panhard and Émile Levassor in 1887. Early years Panhard et Levassor sold their first automobile in 1890, based on a Daimler engine license. Levassor obtained his licence from Paris lawyer Edouard Sarazin, a friend and representative of Gottlieb Daimler's interests in France. Following Sarazin's 1887 death, Daimler commissioned Sarazin's widow Louise to carry on her late husband's agency. The Panhard et Levassor license was finalised by Louise, ...
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Intercontinental Rally Challenge
The Intercontinental Rally Challenge was an FIA-sanctioned rallying series organised by SRW Events and Eurosport Events, and aimed to "give new opportunities to young or amateur rally drivers competing in recognised regional and international rallies, while offering organisers an innovative TV format concept, created by Eurosport." The series focused on Group N and Group A spec cars up to 2000 cc, including Super 2000, R4, R2 and R3. The series began in 2006 under the name ''International Rally Challenge'', adopting the name, ''Intercontinental Rally Challenge'' in 2007. The 2012 season was the final season of the series: from 2013, the series promoter Eurosport Events was awarded responsibility for organising the rival European Rally Championship The European Rally Championship (officially FIA European Rally Championship) is an automobile rally competition held annually on the European continent and organized by the Fédération Internationale de l'Automobile (FIA). The cha ...
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World Sportscar Championship
The World Sportscar Championship was the world series run for sports car racing by the FIA from 1953 to 1992. The championship evolved from a small collection of the most important sportscar, endurance, and road racing events in Europe and North America with dozens of gentleman drivers at the grid, to a professional racing series where the world's largest automakers spent millions of dollars per year. The official name of the series changed throughout the years, however it has generally been known as the World Sportscar Championship from its inception in 1953. The World Sportscar Championship was, with the Formula One World Championship, one of the two major world championships in circuit motor racing. In 2012 the World Sportscar Championship was revived and renamed as the World Endurance Championship. Races The most famous event was the 24 Hours of Le Mans which was the part of the championship in every season except of the 1956, 1975– 79 and 1989– 90 seasons. The ...
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24 Hours Of Le Mans
The 24 Hours of Le Mans (french: link=no, 24 Heures du Mans) is an endurance-focused sports car race held annually near the town of Le Mans, France. It is the world's oldest active endurance racing event. Unlike fixed-distance races whose winner is determined by minimum time, the 24 Hours of Le Mans is won by the car that covers the greatest distance in 24 hours. The cars on this track can go up to , and in prior events reaching before track modifications. Racing teams must balance the demands of speed with the cars' ability to run for 24 hours without mechanical failure. The race is organized by the Automobile Club de l'Ouest (ACO). It is held on the Circuit de la Sarthe, composed of closed public roads and dedicated sections of a racing track. The event represents one leg of the Triple Crown of Motorsport, with the other events being the Indianapolis 500 and the Monaco Grand Prix. The 24 Hours of Le Mans was frequently part of the World Sportscar Championship from ...
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Dakar Rally
The Dakar Rally (or simply "The Dakar"; formerly known as the "Paris–Dakar Rally") is an annual rally raid organised by the Amaury Sport Organisation. Most events since the inception in 1978 were staged from Paris, France, to Dakar, Senegal, but due to security threats in Mauritania, which led to the cancellation of the 2008 rally, events from 2009 to 2019 were held in South America. Since 2020, the rally has been held in Saudi Arabia. The event is open to amateur and professional entries, amateurs typically making up about eighty percent of the participants. The rally is an off-road endurance event. The terrain that the competitors traverse is much tougher than that used in conventional rallying, and the vehicles used are typically true off-road vehicles and motorcycles, rather than modified on-road vehicles. Most of the competitive special sections are off-road, crossing dunes, mud, camel grass, rocks, and erg among others. The distances of each stage covered vary from ...
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World Rally Championship
The World Rally Championship (abbreviated as WRC) is the highest level of global competition in the motorsport discipline of rallying, owned and governed by the FIA. There are separate championships for drivers, co-drivers, manufacturers and teams. The series currently consists of 13 three to four-day rally events driven on surfaces ranging from gravel and tarmac to snow and ice. Each rally is usually split into 15–25 special stages which are run against the clock on up to 350 kilometres of closed roads. Drivers Sébastien Loeb, Sébastien Ogier, Juha Kankkunen, Tommi Mäkinen and Colin McRae all became WRC champions. Other drivers who became well known primarily through their WRC careers include Michèle Mouton, Henri Toivonen, Jari-Matti Latvala and Mikko Hirvonen. Rallies that have frequently appeared in the championship have included Monte Carlo Rally, Tour de Corse, Sanremo, Acropolis, Safari Rally, and national rallies of Great Britain, Finland, New Zealand, Au ...
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Indianapolis 500
The Indianapolis 500, formally known as the Indianapolis 500-Mile Race, and commonly called the Indy 500, is an annual automobile race held at Indianapolis Motor Speedway (IMS) in Speedway, Indiana, United States, an enclave suburb of Indianapolis. The event is traditionally held over Memorial Day weekend, usually the last weekend of May. It is contested as part of the IndyCar Series, the top level of American open-wheel car racing, a formula colloquially known as "Indy car racing". The track itself is nicknamed the "Brickyard", as the racing surface was paved in brick in the fall of 1909. One yard of brick remains exposed at the start/finish line. The event, billed as ''The Greatest Spectacle in Racing'', is considered part of the Triple Crown of Motorsport along with the 24 Hours of Le Mans and the Monaco Grand Prix, with which it typically shares a date. The official attendance is not disclosed by Speedway management, but the permanent seating capacity is upwar ...
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European Car Of The Year
The European Car of the Year ("ECOTY") award is an international Car of the Year award established in 1964, by a collective of automobile magazines from different countries in Europe. The current organising companies of the award are '' Auto'' (Italy), '' Autocar'' (United Kingdom), '' Autopista'' (Spain), '' Autovisie'' (Netherlands), '' L'Automobile Magazine'' (France), '' Stern'' (Germany) and '' Vi Bilägare'' (Sweden). The voting jury consists of motoring journalists from publications throughout Europe. Representation from each country is based on the size of the country's car market, and car manufacturing industry. There are no categories or class winners — the stated objective is to find a "single, decisive winner" among all competing cars. The 2022 ECOTY was announced on 28 February, 2022, in Geneva, Switzerland, the winner being the Kia EV6. Current rules Eligible cars are new models released in the twelve months prior to the award. The award is not restricted to ...
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Dongfeng Motors
Dongfeng Motor Corporation Ltd. is a Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei. Founded in 1969, it is currently the third largest of the " Big Four" state-owned car manufacturers of China, namely: SAIC Motor, FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively. The company develops and markets vehicles under its own branding, such as Venucia, Fengdu, Voyah, Aeolus, Forthing, as well as under foreign-branded joint ventures such as Dongfeng-Honda, Dongfeng-Nissan and Dongfeng-Peugeot Citroën (all via subsidiary Dongfeng Motor Group). In 2021, foreign-branded cars took 79% of sales. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Voyah. In addition to commercial and consumer vehicles, it also manufactures parts and cooperates with foreign companies. Dongfeng has one ...
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PSA Group
The PSA Group (), legally known as Peugeot S.A. (Peugeot Société Anonyme, trading as Groupe PSA; formerly known as PSA Peugeot Citroën from 1991 to 2016) was a French multinational automotive manufacturing company which produced automobiles and motorcycles under the Peugeot, Citroën, DS, Opel and Vauxhall brands. On 18 December 2019, PSA and Fiat Chrysler Automobiles (FCA) announced that they had agreed to the terms of a binding $50 billion merger. On 16 July 2020, both companies announced the new name for their merged operations, Stellantis. The deal closed on 16 January 2021. Stellantis is now the third largest automotive manufacturing company, behind only Volkswagen and Toyota. Peugeot was the largest PSA brand. PSA was listed on the Euronext Paris stock exchange and was a constituent of the CAC 40 index. Beginning in 2016, PSA began to outline a strategy which entailed the rapid expansion of the company, through both geographic expansion and acquisitions of ot ...
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Recapitalisation
Recapitalization is a type of corporate reorganization involving substantial change in a company's capital structure. Recapitalization may be motivated by a number of reasons. Usually, the large part of equity is replaced with debt or vice versa. In more complicated transactions, mezzanine financing and other hybrid securities are involved. Leveraged recapitalization One example of recapitalization is a leveraged recapitalization in which the company issues bonds to raise money and then buys back its own shares. Usually, current shareholders retain control. The reasons for such a recapitalization include: * Desire of current shareholders to partially exit the investment * Providing support of falling share price * Disciplining the company that has excessive cash * Protection from a hostile takeover * Rebalancing positions within a holding company * Help to improve the stock of the company during a time of poor economic conditions Leveraged buyout Another example is a leveraged b ...
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