Founded in 1810 the Peugeot company originally manufactured coffee mills and bicycles, later applying the infamous lion trademark to an unreliable steam tricycle. Then followed in 1890 by an internal combustion car with a Panhard-Daimler engine. During the First World War, Peugeot turned largely to arms production, becoming a major manufacturer of arms and military vehicles, from bicycles to tanks and shells. In April 2006, PSA Peugeot Citroen announced the closure of the Ryton manufacturing facility in Coventry, England. The plant produced its last Peugeot 206 on 12 December 2006 and finally closed down in January 2007. However, Peugeot still plans on developing new models to compete in segments where it currently does not compete. Despite Peugeot's sports car racing program, the company is not prepared to build a pure sports car. It is also pursuing government funding to develop a diesel-hybrid drivetrain, which might be key to its expansion. By 2010 Peugeot planned on pursuing new markets, mainly in China, Russia and South America and in 2011 decided to re-enter the Indian market after 14 years with a new factory at Anand, Gujarat, India. Peugeot re-entered the Philippine market in 2012 after having a short presence in 2005 with distribution done by the Alvarez Group. You can still find information on the used 1990 Peugeot 505 or the used 1990 Peugeot 405 with original MSRP starting as low as $18,590 those that are lucky enough to own a Peugeot know how exhilarating these sleek little cars can be.
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