The peso (established as the peso convertible ) is the currency of Argentina since 1992, identified within Argentina by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 centavos , but due to rapid inflation, coins and notes with a value lower than 500 pesos are now rarely used. Its ISO 4217 code is ARS . It replaced the austral at a rate of 10,000 australes to one peso.
120-673: The Citroën C3 Aircross is a nameplate designated to several vehicles produced under the Citroën marque, by the French automaker PSA Group , and later Stellantis . The first vehicle using the nameplate was the Brazilian version of the C3 Picasso MPV , decorated to mimic an SUV exterior design, which was produced between 2010 and 2020. It was renamed to the Citroën Aircross in 2016. In 2017,
240-471: A real was worth almost 2.2 pesos. In December 2015, US dollar exchange restrictions were removed in Argentina following the election of President Mauricio Macri . As a result, the difference between the official rate and the unofficial "blue" rate almost disappeared for a time. The official exchange rate was on 1 April 2016 of 14.4 to US$ 1 . The rate gradually worsened; on 29 July 2022 one U.S. dollar
360-501: A security thread , and uses the design and plates originally intended for the $ 5,000 note described in May 2020. The new $ 2,000 note was put into circulation on 22 May 2023. On 11 January 2024, the Central Bank announced that it would issue 10,000-peso and 20,000-peso notes by June 2024. The design that was for the 500-peso note will be used for the 10,000-peso instead. As of early 2024,
480-776: A "go slow" on production of trucks for the Wehrmacht , many of which were sabotaged at the factory by putting the notch on the oil dipstick in the wrong place, which resulted in engine seizure. In 1944 when the Gestapo headquarters in Paris was sacked by the French Resistance , his name was prominent on a Nazi blacklist of the most important enemies of the Reich, to be arrested in the event of an allied invasion of France. Citroën researchers, including Paul Magès , continued their work in secret, against
600-517: A 1.0-litre turbocharged petrol. The Brazilian model is locally assembled at the Porto Real Plant and is exported to various Latin American markets. The C3 Aircross was launched in Argentina on 7 May 2024, in three trim levels: Live, Feel Pack and Shine. It is available with either 5 and 7-seater configurations. Two engine options are available: a 1.0-litre turbocharged petrol (marketed as T200) and
720-707: A 1.6-litre VTi petrol. In 2024, the C3 Aircross in its most basic Latin American configuration obtained 0 stars from Latin NCAP (similar to Euro NCAP 2014). A coupe version called the Basalt was revealed as a show car in India and in Brazil on 27 March 2024. The series production in India started in June 2024. Citro%C3%ABn Citroën ( French pronunciation: [sitʁɔɛn] )
840-516: A 10 HP car that would be better equipped, more robust and less costly to produce than any rival product at the time. The result was the Type A , announced to the press in March 1919, just four months after the guns fell silent. The first production Type A emerged from the factory, located at Quai de Javel , Vaugirard , Paris , at the end of May 1919 and in June it was exhibited at a show room at Number 42, on
960-472: A 38.2% share of Citroën and on 9 April 1976 they increased their stake of the then bankrupt company to 89.95%, thus creating the PSA Group (where PSA is short for Peugeot Société Anonyme ), becoming PSA Peugeot Citroën . In May 1975 Maserati was sold to De Tomaso and the new Italian owner was thereby able to exploit the sales potential of the models and technology developed by Citroën, as well as to utilise
1080-438: A 48-volt mild hybrid system. For the first time, it will be available with a battery electric powertrain producing 83 kW (113 PS; 111 hp) and an electric range of over 300 km (186 mi). Citroën unveiled the second generation of the C3 Aircross in India and Brazil on 27 April 2023. Compared to its predecessor, the second-generation model is significantly larger with an increased length by 160 mm (6.3 in) and
1200-567: A First World War air reconnaissance photography specialist with the French Air Force ; he was capable and efficient and finished the war with the rank of captain. He was also courageous, having been decorated with the Military Cross and the Legion of Honour. He started working for Michelin in 1918, reporting directly to Édouard Michelin , co-director and founder of the business. Boulanger joined
1320-450: A company, which was being picketed by striking workers who had been blocking access to the factories for four weeks. The demonstration was successful and six days later work at the plants resumed. Jacques Lombard, one of the company's senior managers, had gone public with his concerns, criticising the strikes. PSA gradually diluted Citroën's ambitious, highly individualistic, and distinctive approach to engineering and styling. All through
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#17330855208621440-558: A control valve, with actuating pistons in the gearbox cover to shift the gears in the transmission , and the clutch was operated automatically by the system, so there was no clutch pedal. From 1957 the ID19 model offered a simplified hydraulic system, with manual steering and conventional manual gearshift, and a significant price reduction. From 1968, with revised front end style, the DS also introduced auxiliary driving lights, that moved directionally with
1560-505: A folding key, a wider front armrest, rear window controls on the rear door panels, as well as 6 airbags as standard. The model was also renamed from C3 Aircross to simply the Citroën Aircross . The C3 Aircross was introduced in Indonesia at the 30th Gaikindo Indonesia International Auto Show in August 2023, and later launched in Indonesia on 23 April 2024. Imported from India, it is available in
1680-424: A front end impact to prevent the engine from invading the cabin and injuring passengers. The C3 Aircross SX and Exclusive models have ABS , one of the few vehicles on sale in the Brazilian market with this feature. The C3 Aircross was designed with an obligation for green materials to be used where viable. 20 kg (44.1 lb) of the vehicle's polymers, include the parcel shelf, boot carpet, and partial use in
1800-620: A half grams of fine gold, defined by Law no. 733 of 1875. This unit was based on that recommended by the European Congress of Economists in Paris in 1867 and adopted by Japan in 1873 (the Argentine 5 peso fuerte coin was equivalent to the Japanese 5 yen ). However, these provisions were not implemented. The system before 1881 has been described as "monetary anarchism" ( anarquía monetaria ). Law no. 1130 of 1881 put an end to this; it established
1920-693: A model in the profitable middle range of the European market, plus the massive development costs a string of new models: the GS , GS Birotor , CX , SM , Maserati Bora , Maserati Merak , Maserati Quattroporte II , and Maserati Khamsin . Each of these models is a technological marvel in its own right. Thus, forty years after the bankruptcy related to the Traction Avant , Citroën went bankrupt again, losing its existence as an independent entity; selling Berliet and Maserati and closing Comotor. Fearing large job losses due to
2040-637: A museum of its many significant vehicles: the Conservatoire with 300 cars. In line with the severe decline in European car sales after 2009, worldwide sales of vehicles declined from 1,460,373 in 2010 to 1,435,688 in 2011, with 961,156 of these sold in Europe. In 2011, the PSA Group was close to forming a partnership with BMW, for the development of electric and hybrid vehicles, but the talks fell through, shortly after Groupe PSA, Citroën's parent company, had announced
2160-433: A necessity in the hot Latin American climate. They criticised the boot, calling it awkward and complicated since it can only open once an arm carrying the spare tyre has been unlocked and swung out of the way, which increases the space required for parking. Further, in their review, they complained that the dashboard mounted displays were difficult for the driver to see comfortably, echoing concerns CNET had when reviewing
2280-731: A new one between PSA and Toyota is now producing cars like the Citroën C1 in the Czech Republic . The China joint venture began selling cars in 1984 and building them in 1994. The range of family cars there included the C3 and Xsara and locally designed cars like the Fukang and Elysée models. By 2014 the brand had increased its Chinese sales by 30%, amid overall market growth of 11%, and ranked highest in China's 2014 JD Power satisfaction survey. Citroën
2400-472: A non-crossover model derived from the C3 Aircross was launched. Although called C3 Picasso , it was closer to the C3 Aircross (same platform, same grill, same interior, no tailgate) than to the global C3 Picasso. Late 2014, Citroën C3 Aircross Lunar showcar was revealed at São Paulo International Motor Show . The Aircross features an upholstered fabric interior, with corduroy or leather options. The engine supports are designed to collapse downwards slightly in
2520-457: A partnership with GM, which later also failed. Dongfeng Peugeot-Citroën continues growing, and has developed eight new car designs exclusively for the China market. By 2016 Citroën (and Peugeot ) faced the same challenge as Volkswagen in China: there were too many sedans and hatchbacks , but not enough models in the strong selling SUV and minivan /MPV categories. The brand ranked highest in
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#17330855208622640-574: A price less than €20,000 for the ICE version. Compared to the Indian market C3 Aircross, the European version C3 Aircross uses a different front fascia with all-LED lighting, it features Citroën's latest logos, different alloy wheel designs, different designs for the headlights and taillights, and a different front and rear bumpers. It features design elements previewed by the Oli Concept in 2022. The interior of
2760-434: A rate of 25 to 1. This currency was used from 1881 until January 1, 1970. The design was changed in 1899 and, again, in 1942. Initially the peso m$ n was convertible, with a value of one peso oro sellado . Convertibility was maintained off and on, with decreasing value in gold, until it was finally abandoned in 1929, when m$ n 2.2727 was equivalent to one peso oro. The peso ley 18.188 ( ISO 4217 : ARL ) (informally called
2880-505: A round trip from August to December 1925. This vehicle is now fully restored and in the collection of the National Museum of Australia . In 1924, Citroën began a business relationship with the American engineer Edward G. Budd . From 1899, Budd had worked to develop stainless steel bodies for railroad cars, for Pullman in particular. Budd went on to manufacture steel bodies for many automakers, Dodge being his first big auto client. At
3000-514: A sole variant and 7-seater configuration. The C3 Aircross was launched in South Africa on 16 July 2024 in a sole Max trim, available in either 5- and 7-seater configurations, powered by a 1.2-litre PureTech turbocharged petrol paired to an 6-speed automatic. The C3 Aircross was launched in Brazil on 29 November 2023, in three trim levels: Feel, Feel Pack and Shine. It is available with either 5 and 7-seater configurations. All variants are powered by
3120-585: A study to clarify and support brand differentiation within a brand portfolio". Citroën entered the Indian market in early 2021 with the launch of the C5 Aircross SUV manufactured at the Hindustan Motors Thiruvallur plant in Tamil Nadu , India. In early 2009, Citroën announced the development of the premium brand DS , for Different Spirit or Distinctive Series (although the reference to
3240-468: A successful six-year stint working with Mors between 1908 and the outbreak of war . The decision to switch to automobile manufacturing was taken as early as 1916, which is the year when Citroën asked the engineer Louis Dufresne, previously with Panhard , to design a technically sophisticated 18HP automobile he could produce in his factory once peace returned. Long before that happened, however, he had modified his vision and decided, like Henry Ford , that
3360-740: A technological leap forward was pursued to a limited extent: in 1965 the Rolls-Royce Silver Shadow used this type of suspension, while the 1963 Mercedes-Benz 600 and Mercedes-Benz 300SEL 6.3 tried to replicate its advantages with a costly, complex and expensive to maintain, air suspension , that avoided the Citroën-patented technology. By 1975, the Mercedes-Benz 450SEL 6.9 was finally produced with this proven system and Mercedes-Benz continues to offer variations on this technology today. During Citroën's 1968–1975 venture with Maserati ,
3480-504: A unitary body with no separate frame , four wheel independent suspension and front-wheel drive . Whereas for many decades, the vast majority of motor cars were similar in conception to the Ford Model T – a body bolted onto a ladder frame which held all the mechanical elements of the car, a solid rear axle that rigidly connected the rear wheels and rear wheel drive . The Model T school of automobile engineering proved popular because it
3600-468: A very soft, interconnected suspension, but did not have the more complex self-levelling feature . This car remained in production, with only minor changes, until 1990 and was a common sight on French roads until recently; 9 million 2CV variants were produced in the period 1948–1990. 1955 saw the introduction of the DS , the first full usage of Citroën's hydropneumatic self-levelling suspension system, tested on
3720-404: A worsening exchange rate. Emergency notes of 10,000, 50,000 and 500,000 australes were issued, and provincial administrations issued their own currency for the first time in decades. The value of the currency stabilized two years after President Carlos Menem was elected. In 1992 a new peso ( ISO 4217 : ARS ) was introduced, referred to as peso convertible since the international exchange rate
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3840-783: Is a French automobile brand . The "Automobiles Citroën" manufacturing company was founded on 4 June 1919 by André Citroën . Citroën has been owned by Stellantis since 2021 and previously was part of the PSA Group after Peugeot acquired 89.95% share in 1976. Citroën's head office is located in the Stellantis Poissy Plant in Saint-Ouen-sur-Seine since 2021 (previously in Rueil-Malmaison) and its offices studies and research in Vélizy-Villacoublay, Poissy (CEMR), Carrières-sous-Poissy and Sochaux-Montbéliard. In 1934,
3960-516: Is a global brand, except in North America, where the company has not returned since the SM was effectively banned in 1974 for not meeting U.S. National Highway Traffic Safety Administration (NHTSA) bumper height regulations. In 2016, Peugeot–Citroën South Africa (PCSA) announced that they were going to stop importing new Citroën models into South Africa in order to focus on increasing Peugeot's sales in
4080-527: Is manufactured in Porto Real , Brazil, and was launched in the country in September 2010. It was exported to selected markets such as Argentina, Uruguay, Paraguay, Colombia and Costa Rica. Compared with the global C3 Picasso, the restyled C3 Aircross has raised suspension, chrome roof bars, mirror covers, side skirts and a rear spare tyre. The C3 Aircross is based on the Brazilian first generation Citroën C3 , when
4200-508: Is rare to find ones marked as convertible except in the $ 100 denominations. All bills are 155 × 65 mm in size. Currently in legal circulation since 1997, coexisting with the third series since 2013, the fourth series since 2016, and the fifth series since 2023. In the issues following the year 2002, the term 'legal tender convertible' was removed from the banknotes as established by Law 25.561. The 2-peso banknotes were withdrawn from circulation on April 30, 2018, being replaced by coins of
4320-416: The peso ley ) replaced the previous currency at a rate of 1 peso ley to 100 pesos moneda nacional. The peso argentino ( $ a ) ( ISO 4217 : ARP ) replaced the previous currency at a rate of 1 peso argentino to 10,000 pesos ley (1 million pesos m$ n). The currency was born just before the return of democracy, on June 1, 1983. However, it rapidly lost its purchasing power and was devalued several times, and
4440-609: The Champs-Élysées in Paris which normally sold Alda cars . Citroën persuaded the owner of the Alda business, Fernand Charron , to lend him the show-room, which is still in use today. This C42 showroom is where the company organises exhibitions and shows its vehicles and concept cars. A few years later, Charron would be persuaded to become a major investor in the Citroën business. On 7 July 1919,
4560-629: The Dyane , and soon the Peugeot 104 based Citroën Visa and Citroën LNA . Peugeot was typically prudent with its own finances. Then, PSA purchased the ageing assets and substantial liabilities of Chrysler Europe for $ 1, leading to losses from 1980 to 1985. PSA resurrected the Talbot name for the Chrysler cars, but stopped producing cars with the badge in 1987 as the cars were considered unreliable and poorly-made. At
4680-481: The Faubourg Saint-Denis area of the 10th arrondissement of Paris and moved in 1912 to 31 Quai de Grenelle in the 15th arrondissement of Paris . André Citroën (1878–1935) built armaments for France during World War I ; after the war, however, he realized that unless he planned ahead he would have a modern factory without a product. Citroën was already experienced in the automotive business, thanks to
4800-817: The M2 Half Track Car and M3 Half-track versions. The U.S. eventually produced more than 41,000 vehicles in over 70 versions between 1940 and 1944. After their 1940 occupation of France, the Nazis captured many of the Citroën half-track vehicles and armored them for their own use. Citroën used the Eiffel Tower as the world's largest advertising sign, as recorded in Guinness World Records . He also sponsored expeditions in Asia ( Croisière Jaune ), North America (Croisière Blanche) and Africa (Croisière Noire), demonstrating
4920-607: The Perito Moreno Glacier , Mount Aconcagua , the Pucará de Tilcara , and El Palmar . In 1992, the first series of peso convertible banknotes were introduced in denominations of 1, 2, 5, 10, 20, 50, and 100 pesos. The 1-peso note was replaced by a coin in 1994. Until 2001 banknotes bore the legend "Convertibles de curso legal", meaning that their value was fixed to the same amount in US dollars. As most older bills have been replaced, it
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5040-583: The US$ 9.81 billion payment to the International Monetary Fund in January 2006. The effect of this may be compared to the neighboring Brazilian real , which was roughly on par with the Argentine peso until the beginning of 2003, when both currencies were about three per U.S. dollar. The real started gaining in value more than the peso due to Brazil's slower build-up of dollar reserves; by 29 December 2009,
5160-402: The financial crisis of 2001 , the fixed exchange rate system was abandoned in January 2002, and the exchange rate fluctuated, up to a peak of four pesos to one dollar (a 75% devaluation ) at the time. The resulting export boom produced a massive inflow of dollars into the Argentine economy, which helped lower their price. For a time the administration stated and maintained a strategy of keeping
5280-663: The peso fuerte ( $ F ) was a convertible currency, with 17 pesos fuertes equal to one Spanish ounce (27.0643 g) of 0.916 fine gold. It was replaced by the peso moneda nacional at par in 1881. The non-convertible peso moneda corriente (everyday currency) ( $ m/c ) was also introduced in 1826. It started at par with the peso fuerte, but depreciated with time. Although the Argentine Confederation issued 1-, 2- and 4- centavo coins in 1854, with 100 centavos equal to 1 peso = 8 reales , Argentina did not decimalize until 1881. The peso moneda nacional ( m$ n or $ m/n ) replaced
5400-432: The 1960s, Citroën undertook a series of financial and development decisions, aiming to build on its strength of the 1950s with the successful 2CV, Type H, and DS models. Nevertheless, these maneuvers were insufficiently effective, and Citroën went bankrupt again in 1974. These measures were to address two key gaps facing the company: These steps include: The teams of Charles Marchetti and Citroën began working together on
5520-438: The 1980s, Citroën models became increasingly Peugeot-like. The 1982 BX used the hydropneumatic suspension system and had a typical Citroënesque appearance, whilst being powered by Peugeot-derived engines and using the floorpan later seen on the Peugeot 405 . In this respect PSA followed the worldwide motor industry trend of platform sharing which is a logical way to reduce costs whilst selling apparently different models. By
5640-479: The 1992 peso replaced a currency with a different name, austral . The peso was a name often used for the silver Spanish eight- real coin. Following independence , Argentina began issuing its own coins, denominated in reales , soles and escudos , including silver eight-real (or sol) coins still known as pesos. These coins, together with those from neighbouring countries, circulated until 1881. In 1826, two paper money issues began, denominated in pesos. One,
5760-465: The 2014 customer satisfaction survey by JD Power in China, above luxury brands like Mercedes-Benz and BMW , and above mass market brands, like Volkswagen, ranking only thirteenth and seventeenth respectively. In the first ten months of 2014 in China, the sales of Dongfeng Citroën cars increased by 30% in an overall market growth of 11%. Despite the near-death financial experience of PSA Peugeot Citroën in 2014, and financial rescue by Dongfeng Motors ,
5880-459: The 2016 series with pictures of Argentine historical figures and events while maintaining the color scheme, to be released within the following six months; however, no plans to put these designs into circulation have been made as of May 2023. In March 2023 a $ 2,000 note was issued, portraying the Instituto Malbrán and pioneering doctors Cecilia Grierson and Ramón Carrillo . It does not have
6000-540: The 2019 Geneva International Motor Show , the manufacturer presented the Ami One concept car to celebrate its 100th anniversary. Then, in May 2019, it unveiled the Citroën 19_19 Concept at the Viva Technology show in Paris. In the early 1980s, Citroën was targeted by union action. On 25 May 1982, events led to a mass demonstration in the streets of Paris, when approximately 27,000 workers affirmed their wish to work at
6120-487: The 50th anniversary of the creation of UNICEF (1996); the attainment of voting rights by women (1997); the establishment of Mercosur (1998); and the death of José de San Martín (2001). Several 1 peso coins were issued in 2010 to commemorate the bicentennial of the May Revolution , all featuring the same obverse, different from the main series, and images of different places on the reverse, including Mar del Plata ,
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#17330855208626240-471: The 526,443 of 1971, and enough to lift the company past Peugeot into second place among French auto makers when ranked by sales volume. The older models continued to sell well: the peak production period of the DS was 1970, and 2CV was in 1974. As the 1970s progressed, circumstances became more unfavourable. In 1973, Fiat sold back to Michelin its 49% stake in the PARDEVI holding company that owned Citroën,
6360-501: The C3 Aircross is similar to the C3, featuring the C-Zen Lounge concept with Citroën's Head-Up Display and a flat-bottom design steering wheel. Like the C3, it will feature Citroën Advanced Comfort® Suspension along with new Citroën Advanced Comfort® Seats. The C3 Aircross will be available with two engines: a 1.2-litre PureTech Turbo and a 1.2-litre PureTech Hybrid petrol that is equipped with
6480-595: The C3 Picasso, where they called the displays "not particularly readable" and possibly dangerous to use while driving. Only one engine is available for the C3 Aircross; a 1.6-litre HDi used in other Citroën cars, including the Latin American market's C3 Picasso. Autoblog.com' s review was favourable to it since it performed very well in the Aircross off-road, although it was noisy on road. They found no discernible issues with
6600-483: The Central Bank has said they are still legal tender, but they are not accepted in stores and bank branches due to their negligible value and inconvenience in storage. Commemorating the National Constitutional Convention , 2 and 5-peso nickel coins were issued in 1994. 2 peso coins were issued in 1999 to commemorate the centenary of the birth of writer Jorge Luis Borges , with Borges portrayed on
6720-439: The Citroën and DS brands worked to develop new technologies with the hope to grow 15% by 2020, according to Citroën CEO Linda Jackson and DS CEO Yves Bonnefont . In the end sales of the Citroën and DS brands in Europe and China fell by 22% by 2019, and fell even further during the 2020 COVID outbreak. In January 2020, Linda Jackson was succeeded as CEO of Citroën by the deputy CEO Vincent Cobée , and she would instead "lead
6840-431: The Citroën and Fiat joint announcement indicated that the benefits foreseen for their union in 1968 had failed to materialise. This was not in line with the tyre company's long-term strategy of ending involvements in the car manufacturing business and created a very unstable ownership situation. The company suffered another financial blow with the 1973 energy crisis . The gamble on Comotor and Maserati showed that there
6960-632: The Citroën high-pressure hydraulic system was used on several Maserati models : for power clutch operation (Bora); power pedal adjustment (Bora); pop-up headlights (Bora, Merak); brakes (Bora, Merak, Khamsin); steering (Khamsin) and the entire Quattroporte II prototype, which was a four-door Citroën SM under the skin. Citroën was one of the early pioneers of the now-widespread trend of aerodynamic automobile design, which helps to reduce fuel consumption and to improve high-speed performance, by reducing wind resistance . The DS could happily cruise at 160 km/h (100 mph) without any discomfort for
7080-519: The European market was unveiled on 18 April 2024, with full specifications revealed including interior photos on 19 June. It is built on the Smart Car Platform underpinning the Opel Frontera and it will be available with petrol mild hybrid and battery electric powertrains. For the first time in its segment, it is offered with a 7-seater option and the first B-SUV to be marketed in Europe at
7200-418: The Great Homeland', 10 pesos 'Manuel Belgrano. High in the Sky', 20 pesos 'Juan Manuel de Rosas. Heroes of the Paraná', 50 pesos 'Malvinas Islands. A Sovereign Love', 100 pesos 'Eva Perón. A Moment Towards Eternity', and 100 pesos 'Memory, Truth, and Justice. A Path to Identity'. On April 4, 2016, it was announced that the series of 100-peso banknotes featuring María Eva Duarte de Perón would be extended with
7320-459: The Michelin board in 1922 and became president of Citroën in January 1938 after the death in a road accident of his friend Pierre Michelin remaining in this position until his own death in 1950. In 1938, he also had become Michelin's joint managing director. During the German occupation of France in World War II Boulanger refused to meet Dr. Ferdinand Porsche or communicate with the German authorities except through intermediaries. He organized
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#17330855208627440-412: The Paris Motor Show in October 1924, Citroën introduced the Citroën B10 , the first all-steel body in Europe. These automobiles were initially successful in the marketplace, but soon competitors who were still using a wooden structure for their vehicles, introduced new body designs. Citroën, who did not redesign the bodies of his cars, still sold in large quantities nonetheless, the cars' low price being
7560-448: The Traction Avant, tearing down and rebuilding the factory (in five months) and the extensive marketing efforts, were investments that resulted too costly for Citroën to do all at once, causing the financial ruin of the company. In December 1934, despite the assistance of the Michelin company, Citroën filed for bankruptcy. Within the month, Michelin , already the car manufacturer's largest creditor, became its principal shareholder. However,
7680-530: The automatic variant was made available for the Plus and Max trim levels. Citroen claimed that over 90% of its components are locally sourced at the Tiruvallur plant in Tamil Nadu and it will be exported to ASEAN, Nepal and South African markets. In India, the C3 Aircross received persistent criticism over the lack of equipment offered on the model. As a result of this negative feedback, Citroën revises its offering in this market in August 2024, adding automatic climate control, rear ventilation vents, LED headlamps,
7800-502: The automobile industry only in niche brands, like Porsche and Ferrari . Citroën unveiled the Citroën 2CV or Deux Chevaux signifying two tax horsepower and initially only 9 hp (6.7 kW), at the Paris Salon in 1948. The car became a bestseller, achieving the designer's aim of providing rural French people with a motorized alternative to the horse . It was unusually inexpensive to purchase and, with its small two cylinder engine, inexpensive to run as well. The 2CV pioneered
7920-483: The availability of third-row seating. It is the second model in Citroën's C-Cubed programme, it features similar styling elements and interior layout from the C3, and is based on the Smart Car Platform with the European model using the same platform. The C3 Aircross was launched in India on 15 September 2023, with deliveries commenced later on 15 October. It is available in You, Plus and Max trim levels and available with either 5 and 7-seater configurations. In January 2024,
8040-439: The banknotes most often used were of 1,000, 2,000, and 10,000 pesos. Because of extremely high inflation, ten-, twenty-, and fifty-peso banknotes no longer circulated, and even 100-, 200-, and 500-peso banknotes were seldom seen. Cancelled notes (planned but not issued): Current notes: At the end of 2011, exchange control measures were implemented, which managed to reduce capital flight by 85%. One consequence of these measures
8160-406: The basis of over 9 million Citroën cars, including the DS , SM , GS , CX , BX , XM , Xantia , C5 , and C6 . Self-levelling suspension is the principal user benefit: the car maintains a constant ride height above the road, regardless of passenger and cargo load and despite the very soft suspension. Hydropneumatic suspension is uniquely able to absorb road irregularities without disturbing
8280-483: The best post-war opportunities in auto-making would involve a lighter car of good quality, but made in sufficient quantities to be priced enticingly. In February 1917 Citroën contacted another engineer, Jules Salomon , who already had a considerable reputation within the French automotive sector as the creator, in 1909, of a little car called Le Zèbre . André Citroën's mandate was characteristically demanding and characteristically simple: to produce an all-new design for
8400-426: The body panels; it was named 2010 Car of the Year by Top Gear Magazine , and was awarded best supermini four times in a row by the JD Power Satisfaction Survey UK and second most efficient supermini (Citroën DS3 1.6 e-HDi 115 Airdream : True MPG 63.0mpg) by What car ? behind the C3 . In 2013 the DS3 was again the best-selling premium subcompact car, with 40% of the European market share, validating
8520-447: The business model of this product development. Argentine peso Argentine currency has experienced severe inflation , with periods of hyperinflation , since the mid-20th century, with periodic change of the currency valuation to a new version at a rate ranging from 100:1 to 10,000:1. A new peso introduced in 1992, officially the peso convertible de curso legal , was worth 10,000,000,000,000 (ten trillion) pesos moneda nacional ,
8640-449: The clearing of obstacles, fording shallow (slow-moving) streams and changing tyres. Since Citroën was underfunded, its vehicles had the tendency to be underdeveloped at launch, with limited distribution and service networks outside France. Consequently, the early DS models experienced teething issues with the complex hydraulic system, eventually, the hydraulic seals and system component design were sorted, becoming reliable. Licensing such
8760-542: The country. In May 2019, it was reported that PCSA would re-introduce the Citroën brand into South Africa, this was later confirmed by PCSA, in August 2019, that new Citroën models will go on sale in the middle of October 2019. From 2003 to 2010, Citroën produced the C3 Pluriel, an unusual convertible with allusions to the 1948–1990 2CV model, both in body style (such as the bonnet) and in its all-round practicality. In 2001 it celebrated its history of innovation when it opened
8880-566: The currency in use until 1970. Since the early 21st century, the peso has experienced further substantial inflation, reaching 289.4% year-on-year in April 2024, the highest since the current peso was introduced in the Convertibility plan of 1991. The official exchange rate for the United States dollar valued the peso convertible de curso legal at one US dollar at its introduction in 1992, which
9000-449: The development of the RE-2 [ fr ] helicopter . From a model range perspective, the 1970s started well, supported by the successful launch of the long-awaited mid-size Citroën GS , finally filling the huge gap between the 2CV and the DS – with a 1-litre, hydropneumatically suspended car. The GS went on to sell 2.5 million units; 601,918 cars were produced in 1972 alone, up from
9120-455: The doors, are from natural fibres to meet this target. In Brazil, the Aircross is available with a four speed automatic or five speed manual gearbox. In the end of 2015, a facelifted version of the C3 Aircross was introduced in South America as a model for 2016. The most significant changes are a new front end. The non-Aircross version (C3 Picasso) was dropped. The name of the C3 Aircross
9240-423: The earlier currencies at the rate of 1 peso moneda nacional = 8 reales = 1 peso fuerte = 25 peso moneda corriente . Initially, one peso moneda nacional coin was made of silver and known as patacón. However, the 1890 economic crisis ensured that no further silver coins were issued. The Argentine gold coin from 1875 was the gold peso fuerte, one and two-thirds of a gram of gold of fineness 900, equivalent to one and
9360-426: The exchange rate at between 2.90 and 3.10 pesos per US dollar, in order to maintain the competitiveness of exports and encourage import substitution by local industries. When necessary, the Central Bank issues pesos and buys dollars in the free market (sometimes large amounts, of the order of 10 to US$ 100 million per day) to keep the dollar price from dropping, and had amassed over US$ 27 billion in reserves before
9480-454: The express orders of the Germans, and developed the concepts that were later brought to market in three remarkable vehicles – a small car (2CV), a delivery van (Type H) and a large, swift family car (DS). These were widely regarded by contemporary journalists as avant garde , even radical, solutions to automotive design. Thus began a decades-long period of unusual brand loyalty , normally seen in
9600-452: The firm established its reputation for innovative technology with the Traction Avant . This was the world's first car to be mass-produced with front-wheel drive and four-wheel independent suspension, as well as unibody construction, omitting a separate chassis, and instead using the body of the car itself as its main load-bearing structure. In 1954, they produced the world's first hydropneumatic self-levelling suspension system; then
9720-404: The first customer took delivery of a new Citroën 10HP Type A . In the same year, it produced 30 cars daily, totaling 2,810 vehicles, with 12,244 produced in 1920. That same year, André Citroën briefly negotiated with General Motors a proposed sale of the Citroën company. The deal nearly closed, but General Motors ultimately decided that its management and capital would be too overstretched by
9840-410: The global C3 Picasso is based on the global Peugeot 207 SW . The C3 Aircross is capable of running on E85 Bioethanol . Ivan Segal, the managing director of Citroën of Brazil predicted sales of 30,000 Aircross models in a full year at launch, but lowered this expectation in 2011 to 2,000 Aircross models per month. Segal wanted to achieve this by targeting "young and adventurous" buyers. In May 2011,
9960-606: The historical Citroën DS is evident), to run in parallel to its mainstream cars. The slogan of the DS car marque is "Spirit of avant-garde". This new series of cars started early in 2010, with the DS3 , a small car based on the floorpan of the new C3. The DS3 is based on the concept that preceded the C3 Pluriel production model and the Citroën DS Inside concept car. The DS3 is customisable with various roof colours contrasting with
10080-461: The image of the Maserati brand in a downward brand extension to sell 40,000 of the newly designed Bi-Turbo models. The truck manufacturing company Berliet was sold to Renault . This new PSA venture was a financial success from 1976 to 1979. Citroën had two successful new designs in the market, the GS and CX . In the wake of the oil crisis, the brand also had resurgent sales for the 2CV and
10200-449: The late 1980s, many of the distinctive features of the brand had been removed or altered. Peugeot's conventional switchgear replaced Citroën's quirky but ergonomic Lunule designs, complete with self-cancelling indicators that Citroën had refused to adopt on ergonomic grounds. The cars were "more banal and conventional", but also able to break into new markets, like fleet vehicles in the UK. In
10320-556: The letters AA, and it also includes a new security feature on its sides for people with visual impairments. 5-peso notes were removed from circulation 29 February 2020. In 2016, the Banco Central de la República Argentina issued a new series of banknotes, with the 200- and 500-peso banknotes as the newest denominations. New 20- and 1,000-peso notes were issued in 2017, and new banknotes of 50 and 100 pesos were issued in 2018. A new series of coins in denominations of $ 1, $ 2, $ 5, and $ 10
10440-533: The main selling point, which factor however caused Citroën to experience heavy losses. In 1927, the bank Lazard helped Citroën by bringing new much-needed funds, as well as by renegotiating its debt—for example, by buying out the Société de Vente des Automobiles Citroën (SOVAC). It went even further by entering in its capital and being represented on the board; the three directors sent by Lazard were Raymond Philippe, Andre Meyer and Paul Frantzen. André Citroën perceived
10560-657: The meantime Citroën expanded into many new global markets. Beyond existing manufacturing plants in Argentina , Chile , Vietnam , and Yugoslavia , it added Iran , Greece , Romania , and China . In the late 1970s, the firm developed a small car for production in Romania known as the Oltcit , which it sold in Western Europe as the Citroën Axel . That joint venture has now ended, but
10680-471: The monetary unit as the peso oro sellado ("stamped gold peso"), a coin of 1.612 g of gold of fineness 900 (90%), and the silver peso, 25 g of silver of fineness 900. Gold coins of 5 and 2.5 pesos were to be used, silver coins of one peso and 50, 20, 10 and 5 centavos, and copper coins of 2 and 1 centavos. The depreciated peso moneda corriente was replaced in 1881 by the paper peso moneda nacional (national currency, ( m$ n or $ m/n )) at
10800-471: The need to differentiate his product, to avoid the low price competition surrounding his conventional rear drive models in the late 1920s and early 1930s. In 1933 he introduced the Rosalie, the first commercially available passenger car with a diesel engine , developed with Harry Ricardo . The Traction Avant is a car that pioneered the mass production of three revolutionary features that are still in use today:
10920-456: The new Citroën range: front double decker, "3D" lights. The C3 Aircross also offers numerous possibilities for customisation. In China , a long wheel base version is launched in 2018. It is known as the C4 Aircross (full name: Dongfeng Citroën Yunyi C4 Aircross ). Its wheelbase at 2,655 mm is 11.5 centimetres longer which results into a length of 4,270 mm. The Citroën C4 Aircross
11040-507: The obverse and a labyrinth and the Hebrew letter aleph on the reverse. On September 18, 2002, a 2-peso coin with Eva Perón 's face was introduced to commemorate the 50th anniversary of her death; this coin was to replace the AR$ 2 banknote if inflation continued to be high. None of the 2-peso coins are widely circulated. Some other 50-centavo and 1-peso coins commemorate different events, including
11160-429: The occupants and is often compared to riding on a magic carpet for this reason. These vehicles shared the distinguishing feature of rising to operating ride height when the engine was turned on, like a "mechanical camel" (per Car & Driver magazine). A lever ( later replaced by an electronic switch ) beside the driver's seat allowed the driver to adjust the height of the car; this height adjustability allows for
11280-461: The occupants. The firm began using a wind tunnel in the 1950s, helping them to create highly streamlined cars, like the DS, that were years ahead of their competitors, and so good were the aerodynamics of the CX model, that it took its name – c x {\displaystyle \mathbf {c} _{\mathrm {x} }\,} – from the mathematical term used to measure the drag coefficient. In
11400-414: The official exchange rate to 800 pesos to the U.S. dollar from the previous 366.5, a devaluation of 54%, to be followed by a monthly devaluation target of 2%. At the time, the unofficial exchange rate was around 1000 pesos per dollar. Amounts in earlier pesos were sometimes preceded by a "$ " sign and sometimes, particularly in formal use, by symbols identifying that it was the specific currency in use at
11520-507: The patent for very little money, leading to the invention that is credited to Citroën: double helical gears. In 1901, at the age of 23, André Citroën partnered with André Boas and Jacques Hinstin, whom he had known since their days at Lycée Condorcet . Together, they invested a significant portion of Citroën's inheritance to found the company "Citroën, Hinstin et Cie," a manufacturing business specializing in gears, particularly V-shaped helical gears. The company started with about ten workers in
11640-500: The poor cash flow situation and the unstable ownership structure, the French government arranged talks between Citroën and Michelin culminating in the merger of Automobiles Citroën and Automobiles Peugeot into a single company. Thus, one year after the break with Fiat, on 24 June 1974 Citroën announced the new partnership, this time with Peugeot. to whom Michelin agreed to transfer control of the business. In December 1974 Peugeot S.A. acquired
11760-492: The potential for motor vehicles equipped with the Kégresse track system to cross inhospitable regions. These expeditions conveyed scientists and journalists . Demonstrating extraordinary toughness, a 1923 Citroën that had already travelled 48,000 km (30,000 mi) was the first car to be driven around Australia. The car, a 1923 Citroën 5CV Type C Torpedo, was driven by Neville Westwood from Perth , Western Australia , on
11880-474: The previous 366.5, a devaluation of 54%, to be followed by a monthly devaluation target of 2%. At the time, the unofficial exchange rate was around 1000 pesos per dollar. In 1992, 1, 5, 10, 25 and 50 centavo coins were introduced, followed by 1 peso in 1994. Two-peso coins were introduced in 2010. One-centavo coins were last minted in 2001. In 2017 a new series of coins was issued in denominations of $ 1 and $ 5 , followed by $ 2 and $ 10 in 2018. Currently
12000-476: The rear suspension of the Traction in 1954. The DS was also the first production car with modern disc brakes . A single high-pressure hydraulic system was used to actuate the power steering , the suspension and brakes; the brakes were fully powered, not power assisted, as pedal force was not a component of braking power. The gearshift, (semi- automatic transmission ) was also powered by the hydraulic system through
12120-477: The revolutionary DS , the first mass-produced car with modern disc brakes , in 1955; and in 1967 they introduced in several of their models swiveling headlights that allowed for greater visibility on winding roads. These cars have received various national and international awards, including three European Car of the Year awards. Born to a Dutch father and a Polish mother, both of Jewish heritage, André Citroën
12240-433: The same denomination from the first and second series of coins. Similarly, the 5-peso banknotes were withdrawn from circulation on February 29, 2020. Currently in legal circulation since 2013, coexisting since then with the second series, and with the fourth series since 2016 and the fifth series since 2023. All the banknotes of this series were announced with a title that identifies them: 5 pesos 'San Martín. The Dream of
12360-557: The same year. The C3 Aircross was announced by the C-Aircross concept car, presented at the 2017 Geneva Motor Show . It shares its platform and many elements with its cousin the Opel Crossland X that replaces the Meriva , following the partnership between Groupe PSA and General Motors , which was first announced in 2012. Its style, directed by Pierre Authier , is in harmony with that of
12480-505: The second vehicle using this nameplate was released in Europe, It is an urban SUV that replaced the C3 Picasso. In 2023, the nameplate was also used for a larger SUV for emerging markets such as India and South America with optional third row seating. The Citroën C3 Aircross for Latin America is a mini SUV close with the global Citroën C3 Picasso . It was first announced by Citroën 's Brazilian division in August 2010. The C3 Aircross
12600-467: The steering, improving visibility at night. Production from 1956 to 1975 totalled almost 1.5 million cars. The streamlined car was remarkable for its era and had a remarkable sounding name – in French, DS is pronounced [de.ɛs] , which sounds the same as déesse , which means Goddess . It placed third in the 1999 Car of the Century competition. This high-pressure hydraulic system would form
12720-436: The suspension, which handled well on and off the road, traversing irregular terrain without issues. Overall, Autoblog.com considered the price of AR$ 80,000 to be unrealistically high for the lack of features they considered to be essential, and when compared to rivals. The Citroën C3 Aircross for Europe is a subcompact crossover SUV from Citroën. Presented on 12 June 2017 in Paris , it has been marketed from October of
12840-537: The takeover, thus, Citroën remained independent until 1935. Between 1921 and 1937, Citroën produced half-track vehicles for off-road and military uses, using the Kégresse track system. In the 1920s, the U.S. Army purchased several Citroën-Kégresse vehicles for evaluation followed by a licence to produce them. This resulted in the United States Army Ordnance Department building a prototype in 1939. In December 1942, it went into production with
12960-468: The technologically advanced Traction Avant had met with market acceptance, and the basic philosophy of cutting-edge technology used as a differentiator, continued until the late 1990s. Pierre Michelin became the chairman of Citroën early in 1935. Pierre-Jules Boulanger , his deputy, became the vice-president and chief of the engineering and design departments. In 1935, the founder André Citroën died from stomach cancer. Pierre-Jules Boulanger had been
13080-412: The time, for example " $ + m ⁄ n 100" or " m$ n100 " for pesos moneda nacional . The peso introduced in 1992 is just called peso (until 2002, peso convertible ), and is written preceded by a "$ " sign only. Earlier pesos replaced currencies also called peso, and sometimes two varieties of peso coexisted, making it necessary to have a distinguishing term to use, at least in the transitional period;
13200-461: Was fixed by the Central Bank at 1 peso to 1 U.S. dollar , and for every peso convertible circulating , there was a US dollar in the Central Bank's foreign currency reserves . It replaced the austral at a rate of 1 peso = 10,000 australes. After the various changes of currency and dropping of zeros, one peso convertible of 1992 was equivalent to 10 trillion pesos moneda nacional of 1970. After
13320-489: Was a serious flaw with the plan particularly for companies producing engines with high fuel consumption. In 1974, the carmaker withdrew from North America due to U.S. design regulations that outlawed core features of Citroën cars (see Citroën SM ). Huge losses at Citroën were caused by the failure of the Comotor rotary engine venture added to the strategic management error of going the 15 years from 1955 to 1970 without
13440-436: Was born in Paris on February 5, 1878. At the age of 7 his father committed suicide as a result of a failed business venture. Citroën was a graduate of the École Polytechnique in 1900. In that year he visited Poland, the homeland of his mother, who had recently passed away. During that holiday, he saw a carpenter working on a set of gears with a fish bone structure. These gears were less noisy, and more efficient. Citroën bought
13560-401: Was changed to Citroën Aircross . In 2016, Citroën revealed a showcar based on the Aircross, called Aircross Beach Crosser. The production of the Aircross ended late 2020. Autoblog.com reviewed the C3 Aircross, giving a mostly negative review to aspects and features of the vehicle. The basic X model launched with no airbags, ABS, or temperature sensor; the last of which they consider to be
13680-603: Was considered cheap to build, although it did pose dynamic defects as automobiles were becoming more capable, and resulted in heavier cars, which is why today cars are more like the Traction Avant than the Model T under the skin. In 1934 Citroën commissioned the American Budd Company to create a prototype, which evolved into the 7 fiscal horsepower ( CV ), 32 hp (24 kW) Traction Avant. Achieving quick development of
13800-571: Was issued from 2018. The design concept of a banknote of 5,000 pesos was shown on 16 May 2020. The note was not issued, but the design was used for the $ 2,000 note announced in February 2023. In May 2022, the Banco Central de la República Argentina ("Central Bank of the Argentine Republic") announced a new series of 100-, 200-, 500-, and 1,000-peso notes, replacing the animal motifs of
13920-453: Was maintained until early 2002. Afterwards, it went from a 3:1 exchange rate with the US dollar in 2003 to 178:1 in early 2023. On 14 August 2023, the official exchange rate was fixed at ARS$ 350 to one US dollar ; the unregulated rate valued the peso at ARS$ 665 to one US dollar. On 15 November 2023, the crawling peg was restored. On 12 December 2023, following the election of president Javier Milei , economy minister Luis Caputo changed
14040-451: Was prematurely discontinued in 2020 due to poor sales. The model underwent a mid-life restyling through a facelift (inspired by CXperience concept), revealed in February 2021, with production starting in June that year. The update includes sleeker, bolder headlights, revised grille and front bumper, along updated technology. The facelift brings different models. Pre-facelift models Facelift models The second-generation C3 Aircross for
14160-414: Was quoted at 131.22 pesos at the official rate and 298 pesos, 2.27 times higher (+127%), in unregulated markets. By September 2023, the official exchange rate had reached 350 pesos to the dollar, and over 720 pesos on unregulated markets. On 12 December 2023, following the election of president Javier Milei , economy minister Luis Caputo changed the official exchange rate to 800 pesos to the dollar from
14280-478: Was replaced by a new currency called the austral in June 1985. The austral ("₳") ( ISO 4217 : ARA ) replaced the peso argentino at a rate of 1 austral to 1,000 pesos (one billion pesos m$ n). During the period of circulation of the austral, Argentina suffered from hyperinflation . The last months of President Raul Alfonsín 's period in office in 1989 saw prices increase constantly (200% in July alone), reflected in
14400-618: Was the appearance of multiple exchange rates and a parallel market (colloquially called the "blue dollar"), which was accessed by individuals and companies. Special official exchange rates are sometimes created and abolished, to support sectors of the economy. There has been a "soybean dollar", a special rate for soybean exports, that was applicable between 5 and 30 September 2022, between 20 November and 30 December 2022, again between 8 April and 31 May 2023, and again from 5 September to 25 October 2023. A "corn dollar" for corn exports existed between 25 July and 31 August 2023. On 4 November 2022
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