Peugeot is one of the world’s oldest car manufacturers. The company was founded by Armand Peugeot, who built a steam car in 1889 before moving over to Daimler petrol engines two years later. Racers grew Peugeot’s pre-war reputation, along with some adventurous styling, but after WW2 the company’s success was largely built on the production of conservative, well-engineered saloons.
By sticking to tried and trusted engineering, Peugeot gained loyal owners. Ironically, This led to Peugeot taking over a struggling Citroën in the 1974, along with Chrysler Europe in 1978. Theresult was some financial strains, from which the group was rescued by the runaway success of the Peugeot 205, launched in 1983.