France's second-largest automobile manufacturer, founded 1885 when Armand Peugeot (1849–1915) began making bicycles; the company bought the rival firm Citroën 1974 and the European operations of the American Chrysler Company 1978.
In 1889 Armand Peugeot produced his first steam automobile and in 1890 his first gasoline-driven automobile, with a Daimler engine. Peugeot's automobiles did well in races and were in demand from the public, and by 1900 he was producing a range of models. In the 1930s Peugeot sporting family automobiles sold widely. In 1978, after the acquisition of Chrysler in Europe, the Talbot marque was reintroduced.