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.............................. Citroen
Logo and Trademark..............................
Citroën is a French automobile manufacturer, founded in 1919 by André Citroën. It is today part of PSA Peugeot Citroën, and its headquarters is on rue Fructidor, Paris. Originally a mass-market car maker with relatively straightforward designs, Citroën shocked the world in 1934 with the innovative Traction Avant, the world's first mass-production front wheel drive car (1934-56). Until the late 1980s, the company had a reputation for approaching automobile design in a unique and innovative way. Significant models include the H Van (1947-81, "HY"), the 2CV (1948-90, "The Duck"), the DS (1955-1975, "Goddess") and the CX (1974-91). In latter years, the company has been working hard to recover its prestige while keeping attached to the mainstream market, and the endeavour has met with success.
Citroën was weak and unable to withstand the softening of the automobile market that accompanied the 1973 oil crisis. That year FIAT withdrew from PARDEVI and returned its 49% stake to Michelin. This was an ominous sign of things to come and, less than a year later, Citroën went bankrupt. The French government feared large job losses and arranged talks between Michelin and Peugeot, in which it was decided to merge Automobiles Citroën and Automobiles Peugeot into a single company. In 1974, Peugeot purchased 38.2% of Citroën and became responsible for managing the combined activities, in particular their research, purchasing, and investments departments.
Peugeot sold off Maserati to DeTomaso in May 1975, and the Italian firm was quickly able to exploit the aspirational image of the Maserati brand to sell tens of thousands of newly-designed Bi-Turbo models. The takeover was completed in May 1976, as Peugeot SA purchased a 90% stake of Citroën SA and the companies were combined into a holding company, known as PSA Peugeot Citroën.
The PSA venture was a financial success from 1976 to 1979. Citroën had two successful new designs in the market at this time (the GS and CX), a resurgent Citroën 2CV, and the Citroën Dyane in the wake of the oil crisis, and Peugeot was typically prudent in its own finances, launching the Peugeot 104 based Citroën Visa and Citroën LNA. PSA then purchased the aging assets of Chrysler Europe, which it rebranded as Talbot, leading to losses from 1980 to 1985.
PSA gradually eliminated Citroën's ambitious attitude to engineering and styling in an effort to rebrand the marque as an economy brand. In the 1980s, Citroën models were increasingly Peugeot-based, which was part of a worldwide motor industry trend called "platform sharing." The 1982 BX used the hydropneumatic suspension system and still had a Citroënesque appearance, while being powered by Peugeot-derived engines and using the floorpan later seen on the Peugeot 405. By the late 1980s, many of the distinctive features of the marque had been removed or diluted - the AX GT, for example was noted by contemporary journalists for its poor ride quality, an unusual attribute for the brand.
Citroën has expanded into many new geographic markets. In the late 1970s, the firm developed a small car for production in Romania known as the Oltcit, which it sold in Western Europe as the Citroën Axel. That joint venture has ended, but a new one between PSA and Toyota is now producing cars like the Citroën C1 in the Czech Republic. In China, the C3 and Xsara are sold alongside the Fukang and Elysée local models. Citroën is still a global brand except in North America, where the company has not returned since the SM was effectively banned in 1974 for not meeting NHTSA bumper regulations.
The ubiquitous and versatile 2CV workhorse was finally killed off in 1990, without replacement. Companies like Chrysler with the CCV concept car, Toyota with the Scion xB and Honda with the Element have recognized the 2CV concept and translated it to the modern era. More recently, Citroën has introduced the C3 Pluriel, an unusual convertible with strong allusions to the 2CV, both in body style (such as the bonnet) and in its all-round practicality. A "retro style" C3-based, post-modern 2cv like the new VW Beetle and BMW MINI is under active consideration by Citroën.
The Pluriel is but one example of Citroën's return to innovation, after launching somewhat dull (although efficient) models throughout the 1990s. Other examples are the C2, C4, and C6. The introduction of newer models, such as the long-awaited CX replacement, the C6, indicates Citroën's continued commitment to innovation in the 21st century. But the days of clean-sheet thinking and truly radical innovation are long gone. Being too avant-garde and too far ahead of public taste is too risky. In 2003, Citroën sold 1,372,500 cars, according to the PSA Peugeot Citroën group's 2003 annual report.
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