However, despite the Andre Citroen was a genius he was a gambler and a week individual. The bad financial situation of his business leaded the company to ruin. In 1934 the car company was took over by the main creditor – Michelin Corporation. A year after, Citroen died from stomach cancer.
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Nevertheless, the story about Citroen automobile business does not finish. Citroen was a make and brand does not die as an owner. Nowadays, in 2014 here are still Citroen’s automobiles at our roads. What is more, there are still produced new automobiles. 1976 was a very powerful year for the Citroen Company. In this year the car corporation was a part of automobile concern named in short PSA, a full name is Peugeot Societe Anonyme.PSA was founded in 1976 and at the moment is a big manufacturer of automobiles, commercial vehicles and motorcycles. The PSA has produced such brands like: Citroen, Peugeot, Simca, Talbot and Panhard.Important people of the car company are: Philippe Varin who is CEO and Thierry Peugeot who is a chairman of the management board.
PSA is a powerful producer of automobiles, commercial vehicles and motorcycles. Nevertheless, only two brands of PSA have made an international career. They are: Citroen and Peugeot.Cars are accessible in our day by day life and people do not consider how creators created them. They just sit and drive and in this method they made the inventors’ dreams come true.