Ricochet News

PSA Group and VT Holding finalize their joint-venture agreement in South Africa

Jun 2, 2017
PSA Group and VT Holding finalize their joint-venture agreement in South Africa

PSA Group reinforces its position in South Africa through a significant partnership with VT Holding. This 51/49 joint venture was sealed on June 1st 2017, and lays the ground for a strategic partnership between both companies.

This agreement will allow the Peugeot brand to strengthen its position in South Africa through an upgrade of the entire value chain.

The new 2008 SUV has recently been launched with great success and is the first of many exciting products to come in the next few months.

The next sensational model to be launched in August 2017 is the all new Peugeot 3008 SUV.  This model has already been honored worldwide with over 20 awards as well as being named 2017 European Car of the Year. It has achieved massive success worldwide and we expect it will continue to do so in the South African market.