REF. NO. | DENOMINATION | DESCRIPTION | NO. ISSUED | CONDITION | VALUE |
---|---|---|---|---|---|
101 | 1 share | 1912, brown | 6000 #2879, #4511 |
EF | £300-400 |
Société Anonyme des “Engrenages Citroën” “Chesternia Citroën”
Акционерное Общество “Шестерня Цитроэнъ”
“Citroen Gear ” Joint-Stock Company
Other city spellings: St.-Pétersbourg, Petrograd, Pétrograde
Formed in 1912 with head office in St. Petersburg. Initial capital was 600,000 roubles in shares of 100 roubles.
1912
Description
The Russian branch of the automobile manufacturer Citroën was founded on 12 February 1912. Thus the Russian company was founded already seven years before the Citroën Company in France. André Citroën (1878-1935), son of a Polish immigrant, founded his automobile company in 1919 in Paris, after he had been working for Mors (Mors automobile an early car manufacturer) before. The small commercial four-cylinder engines revolutionised the French automobile market. Citroën set new standards in the line production, in sales and customer services, in the social field and in merchandising. He was the first who rented the Eiffel Tower in order to affix an illuminated advertising for his cars to it. During the world economic crises Citroën was forced to assign the majority of shares of his company to the main creditor Michelin. Later on Citroën came to the Peugeot-Group which operates under the name PSA Peugeot Citroën. (Source: HWPH November 2010)