Peugeot Considers Re-Entering U.S. Market After 2004
French carmaker PSA Peugeot-Citroen said on Sept. 6, 2001, it could re-enter the U.S. car market as early as 2005, according to Reuters. In his statement concerning the U.S. auto market, Peugeot Chairman Jean-Martin Folz said at a conference on French companies organized by HSBC-CCF that the company was mulling re-entry after 2004.
“We cannot ignore the fact that North America exists and that it is a significant market,” he said. “That does not mean to say that we will definitely go in 2005 or 2006, but perhaps we will,” he said.