The brothers invented a new process of making sprung steel. In 1885, Peugeot started producing bicycles. In 1896 Armand Peugeot established the Societe Anonyme des Automobiles Peugeot.
The nominal capital of the company was 800,000 francs divided into 800 shares of 1,000 francs each.
By 1900 Peugeot was producing the Peugeot Phaeton Type 28 with a speed of 35 kilometers an hour. In 1921, Peugeot has introduced a Model 201.
The company registered with French government’s office so copyrights and patents to use three digit model designations using a zero in the middle.
By 1963, Peugeot’s numbers had passed through 301s, 401s, and 601s to 203s, 403s and 404s.
World War II was crippling for Peugeot, though its association with the bus company Pininfarina in 1955 formed part of its recovery.
The company bought Citroen in the 1970s as part of global expansion plans, in a way only finally complete in 1998 with first completely integrated Peugeot-Citroen car, the Citroen Xsara. In 1977 Peugeot bought Chrysler’s European operations.
History of Peugeot
