Peugeot is a French multinational company that operates in the automotive industry. Founded in 1810 by Armand Peugeot as a coffee mill manufacturer, the company initially produced bicycles and motorized vehicles in the late 19th century.
The first Peugeot car was introduced in 1891, and by the early 20th century, the company had established itself as a major player in the French automotive market. During World War I, Peugeot shifted its production to military equipment and aircraft parts.
In the post-war period, Peugeot continued to grow and expand its product range. The company introduced several innovative models, including the iconic 404 model, which became one of the most popular cars in France during the 1960s. Peugeot also began exporting its vehicles to other countries, establishing a global presence.
Throughout the 1970s and 1980s, Peugeot continued to evolve and modernize its product line. The company introduced new models such as the 305 and 405, which became popular in Europe and other markets. During this period, Peugeot also began focusing on safety features and introducing innovative technologies into its vehicles.
In the 1990s, Peugeot faced significant challenges due to increased competition from Asian automakers. However, the company responded by launching new models such as the 306 and 406, which helped it regain market share. In 2006, Peugeot acquired the German car manufacturer Citroen, creating one of Europe's largest automotive conglomerates.
Today, Peugeot is a leading global automotive brand with a diverse range of vehicles, including passenger cars, commercial vans, and electric vehicles. The company has implemented various sustainability initiatives to reduce its environmental impact, including increasing fuel efficiency and promoting the use of alternative energy sources.
