Groupe PSA Chooses Seattle To Launch Free2Move Mobility Brand in the U.S.

Regulatory News:

Today in Seattle, Groupe PSA (Paris:UG) has taken its latest step in the North American market with the launch of Free2Move, a smartphone-based mobility aggregation platform positioned to meet changing customer demands. With the app’, Free2Move allows users in Seattle to compare the location, characteristics and operating costs of available transportation options, including offerings from Car2Go, Zipcar then TravelCar. Free2Move will also be adding several bike sharing services over the next 60-days, including Ofo Bike, Lime Bike and Spin Bike. The service is positioned to help solve challenges from contemporary trends such as urbanization and digitalization.

"The decision to launch a service that helps people move around in the most efficient way underscores our commitment to the future of Groupe PSA,” said Groupe PSA’s North America President and CEO, Larry Dominique. "As mobility services evolve and innovate based on the way people think about and consume mobility, bringing Free2Move stateside provides us with a unique way to address consumer demands, as well as a flexible platform to roll out future products.”

With Free2Move, consumers can schedule or immediately access the transportation of their choice for a period ranging from a few minutes to several days. The service has rapidly expanded throughout Europe and is currently available in 7 countries in France, Spain, Germany, the United Kingdom, Italy, Austria and Sweden, with 400,000 customers and some thirty operators. The launch in the U.S. represents the latest step in Groupe PSA’s "Push to Pass” global growth initiative, unveiled in April, 2016.

"We’re pleased to announce today that we will begin our North American operations in Seattle,” said Groupe PSA Senior Vice President of Mobility, Brigitte Courtehoux. "As we begin to add more providers and roll out to new cities, Free2Move will enrich the lives of Americans who embrace innovative, non-traditional forms of transportation.”

With its functionality and consumer ease-of-use, Free2Move will add to numerous efforts supporting The City of Seattle’s efforts to develop efficient mobility. On hand for the launch of Free2Move was Scott Kubly, the director of the Seattle Department of Transportation (SDOT) who discussed the City’s recent "New Mobility Playbook.”

For more information on Free2Move, visit: https://groupe-psa.com/free2move

About Groupe PSA North America, Inc.

The North American entity created in 2017 marks the Group's return to the North American market in 3 stages. Initially aimed at personal services for Free2Move, it provides the creation and implementation of solutions for its B2C and B2B customers in favor of mobility: car-sharing, sales, maintenance and financing of vehicles. These initial services will serve as foundation for Groupe PSA's expansion into a wider range of transportation solutions in North America, including vehicle offerings.

About Groupe PSA

The Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all client expectations. The Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall, as well as a wide array of mobility and smart services under its Free2Move brand, aiming to become a great carmaker and the preferred mobility provider. It is an early innovator in the field of autonomous and connected cars. It is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia. Find out more at groupe-psa.com/en.

Media library: medialibrary.groupe-psa.com / Twitter : @GroupePSA

Communications Division - www.groupe-psa.com/en - +33 6 61 93 29 36 - @GroupePSA

View source version on businesswire.com: http://www.businesswire.com/news/home/20171003006664/en/