European automotive manufacturer, PSA Group, Peugeot is one of the biggest and oldest automotive companies in the world. The PSA Group sold 3 million vehicles in 2016. Innovation, design, and brand reputation lies behind Peugeot’s success and they distinguish the company from its competitors. Additionally, its strategy based on innovation, design, and technology provides high-profit rate for the company. Today, Peugeot is the second largest manufacturer in Europe.