Report Suggests Peugeot Family May Grant Complete Control Over to GM


PSA Peugeot Citroen is the modern development of the coffee mill company founded by the Peugeot family in 1810. In fact, the same family still holds a 24.4 percent stake in the company as well as 38.1 percent of the voting rights – they still kind of run the automaker.

However, that may soon change, as according to a Reuter's report, unnamed internal sources apparently suggested, “the Peugeot family has now accepted that they’ll lose control, so this is no longer an issue.”

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