Confirmed by Carlos Tavares, chairman of the managing board during a presentation of its ‘Push to Pass’ five-year strategy, the new models will be developed under rigorously controlled costs as the newly-renamed French automotive group puts a focus on profitability and changing mobility needs.

Details are limited, but the Tavares said PSA Groupe will launch two modular ‘multi-energy’ platforms for its passenger cars – designed for electric as well as conventional drivetrains – and said new petrol plug-in hybrids drivetrains will debut from 2019.

By the end of 2021, the group will offer seven plug-in hybrids and four electric vehicles, including a fully electric four-wheel drive system which will be fitted to top-of-the-range cars. These will be part of a global model range comprising 26 cars and eight commercial vehicles, including a one-tonne pickup.

“Based on our financial reconstruction, we will launch a global product and technology offensive,” said Tavares. “Now more agile, we are ready to shift paradigms by anticipating changes in car usage patterns. Our digital transformation will make the PSA Group a company connected to its customers. With “Push to Pass”, we will ensure PSA profitable organic growth.”