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Corporate Citizenship PSA PEUGEOT CITROEN EXCELS IN ACTIVE SAFETY To ensure that the Group’s cars meet its ambitious safety objectives, close attention is paid to every component that might affect active safety. • Visibility and lighting Automobile safety depends on “seeing well and being seen.” PSA Peugeot Citroën has been a trailblazer in this area since 1989, when it introduced innovative complex surface headlights on the Citroën XM. Today, discharge lamps that generate more intense light beams are used on models such as the Peugeot 607 and 807 and the Citroën C5 and C8. In 1995, the Group was also the first carmaker to install auto rain-sensing systems as standard equipment on several of its models. The sensors automatically adjust wiper speed so that drivers don’t have to take their hands off the steering wheel. To warn other drivers automatically of potential danger, the Peugeot 206, 307 and 807 and the Citroën C3, C5 and C8 are factory-equipped with a system that automatically causes hazard flashers to blink during sharp braking. • Ergonomics Postural ergonomics help to minimize driver fatigue. An example is positioning the gearshift knob near the steering wheel of the Citroën Picasso, Citroën C8 and Peugeot 807, which also makes the passenger compartment more modular and easier to move around in. Cognitive ergonomics focus on making a car’s “human-machine interfaces”—like control stalks, multi-purpose screens, and dashboard buttons—immediately understandable to minimize driver distraction. • Braking systems PSA Peugeot Citroën rapidly introduced ABS systems as standard equipment on almost all lines. Ideally, training courses should teach drivers to use the full potential of the ABS system and in particular to learn how it can help them maintain control in emergency situations. Another improvement is the electronic brake control valve and brake-assist system, which adjusts rear-brake pressure, thereby preventing wheel lock and any resulting loss of steering control. This system is currently offered as standard equipment on the Citroën C3 and C5 and the Peugeot 307. • Driver assistance systems (ESP, ASR) The electronic stability program (ESP) and acceleration skid control (ASR) are two innovations currently offered on high-end models. While ESP and ASR-equipped vehicles are still subject to physical laws, these systems do help to rectify minor driving errors and decrease the probability of losing control of the vehicle. • Tire pressure sensors Low tire pressure increases the risk of a loss of trajectory stability. Pressure sensors installed on tire valves alert the driver when pressure falls too low. The system is already available on the Peugeot 607 and Citroën C5 and will gradually be extended to other models. • Programmable speed alert systems PSA Peugeot Citroën has developed programmable speed alert systems that enable drivers to choose a maximum speed (for example, 50 kilometers an hour in town). An audio signal sounds each time the vehicle exceeds the chosen speed. The system is standard equipment on the Citroën C3, C5 and C8 and the Xsara, the Xsara Picasso, and the Peugeot 807, launched in 2002. THE PSA PEUGEOT CITROËN/ RENAULT LAB: SCIENTIFIC EXPERTISE SERVING THE PUBLIC GOOD For more than 30 years, the Laboratory of Accidentology and Biomechanics (LAB), a joint undertaking of PSA Peugeot Citroën and Renault, has been acquiring invaluable knowledge in these two disciplines, whose complexity, costs and findings deserve to be shared in a “noncompetitive” environment. In 2002, LAB was a key participant in the European Accident Causation Survey (EACS) and international Cooperative Crash Injury Study (CCIS) consortium. 82 PSA PEUGEOT CITROËN - MANAGING BOARD REPORT
Growth Strategy Corporate Governance Business Review Corporate Policies Management’s Discussion and Analysis Statistics conditions and to test ABS-equipped vehicles in actual road conditions. structural integrity and front-end crumpling in the event of frontal impact. • Suspension systems and stiff body shells A decisive factor in roadholding, metal suspensions (Peugeot) and electronically controlled hydraulic suspensions (Citroën) are two technologies that demonstrate the Group’s expertise. The Citroën C5 executive sedan debuted the new, exclusive Hydractive III electronically controlled hydraulic suspension system. This third generation technology has further improved the balance between guidance to follow the intended line of travel and filtering for a more comfortable ride. Smaller vehicles such as the Citroën C3, feature a rear axle with deformable crossbeams that ensure excellent handling in all situations. Suspension system performance is also directly related to the stiffness of the bodywork to which it is attached. The Group’s body shells rank among the best in the world in terms of torsional stiffness. This integrated architecture interacts with the entire vehicle’s active safety performance. • Track tests In 1991, PSA Peugeot Citroën became the first global carmaker to acquire a multigrip track to simulate winter driving The Belchamp Test Center in eastern France recently opened a new roadhandling test track to help develop vehicles equipped with electronic stability programs (ESP) and acceleration skid control (ASR) systems. The facility simulates different adhesion conditions on the left and right side of the vehicle (the cause of a large number of accidents) using a dry track and a wet track. The latter has a spray system that can cover the surface with a sheet of water between 0.8 and 1 millimeter deep. In this way, vehicle improvements can be validated under any road conditions. PASSIVE SAFETY: STATE-OF-THE ART PASSENGER PROTECTION SYSTEMS PSA Peugeot Citroën believes that drivers and passengers are entitled to state-ofthe-art protection in the event of an accident, and builds the latest technological innovations into every one of its vehicles. • Energy-absorbing front-end crumple zones To protect the passenger compartment, vehicle front ends have to be able to withstand high-energy impacts. However, they should also gradually crumple over the duration of the impact, which lasts 100 milliseconds at most, in order to dissipate the crash’s kinetic energy and prevent the occupants from being subjected to the full force of the sudden deceleration. Rapid advances in seatbelts and airbags have also led to a better balance between The new platform strategy has provided an opportunity to completely resize the front ends of small, medium and large models on the three basic platforms. The Citroën C3, Citroën C5 and Peugeot 307 were the first to have their front-end impact strength doubled and their load resistance tripled through side beams. • The passenger compartment, a survival cell In an accident, the passenger compartment can play a critical role as a survival cell. Architecturally, raising the seat level not only makes the car roomier and improves visibility, but also heightens side impact protection by distancing vital body parts (head, chest and pelvis) from the impact area. Higher seats are found in the Citroën Picasso, the Peugeot 807 and Citroën C8 MPVs, as well as the Peugeot Partner and Citroën Berlingo mini-MPVs. The sides of all recent vehicles have been strengthened by using very high yield strength sheet metal, which allows the side body panels to crumple extensively, yet gradually without ripping apart. Equipping recent models with side airbags as a standard option further reduces injury in the event of side impact. The Peugeot 307, 607 and 807 and the Citroën C5 and C8 also have side curtain airbags to protect front and backseat passengers. These advances are especially important since accidentology shows that the severity score is greater for side than for frontal impact accidents. PSA PEUGEOT CITROËN - MANAGING BOARD REPORT 83
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2002 ANNUAL REPORT
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K ey figures Worldwide sales Automo
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Contents 2 A Tribute to Pierre Peug
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A Tribute to Pierre Peugeot Our Gro
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M essage from the Chairmen is alrea
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plan defined by the Managing Board.
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10 Growth Strategy 16 Corporate Gov
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Growth Strategy 12 • One Group, t
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Growth Strategy Corporate Governanc
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Corporate Governance 18 21 22 • T
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Business Review 30 34 44 48 52 56 O
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C onsolidated statements of income
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C onsolidated balance sheets - Liab
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C onsolidated statements of stockho
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➔ Note 1 - Accounting policies Th
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No reserve is booked for taxes paya
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2. Effect on stockholders’ equity
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Allibert’s non- automotive busine
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2000 (in millions of euros) Automot
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➔ Note 5 - Key financial data for
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➔ Note 12 - Operating expenses -
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➔ Note 15 - Intangible assets Int
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Unrealized gains on restricted stoc
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➔ Note 21 - Inventories Inventori
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➔ Note 25 - Short-term income tax
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g) Capital in excess of par value o
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➔ Note 34 - Other long-term borro
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2. Short-term portion (in millions
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➔ Note 42 - Net financial positio
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1. Automobile division An early-ter
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- Changes during the year (in milli
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The entire debt is converted to flo
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2. Maturities of hedging instrument
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➔ Note 50 - Commitments and conti
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2. Effect of debenture conversions
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F ive-year consolited statement of
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F ive-year consolidated balance she
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C onsolidated companies as at Decem
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Company Percent Percent F/E control
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Recruitments (1) 2 4 Disabled emplo
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7 Paid leave other than vacations E
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Consumption Peugeot 607 Fuel Displa
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E nvironmental Indicators Productio
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Waste production PEUGEOT CITROËN A
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M anagement and Administration Main
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I nformation about the company’s
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S tatutory Auditors’ Report on th
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➔ Stockholders’ Meetings (Artic
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PEUGEOT S.A. 100% AUTOMOBILES CITRO
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S tockholder Information (Euronext
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F inancial authorizations in effect
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216 PSA PEUGEOT CITROËN - INFORMAT
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R esolutions Eighth resolution Auth
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T he Vice Presidents Committee Thie
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12,000 copies of this report were p
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