INDEX / DIRECTORY / PEUGEOT / ECONOMIC

Peugeot ECONOMIC

ECONOMIC AUDIT UPDATED 2026-05-19
Economic Score 2.78 /10 D Peugeot - BDS-1000 200
Economic 2.78

Evidence-only forensic audit. Scoring happens downstream - see the main dossier for the composite assessment.

Economic Audit: Peugeot (Stellantis N.V.)

Audit Phase: Economic Subject Entity: Peugeot (passenger and commercial vehicle brand of Stellantis N.V.) Parent Domicile: Stellantis N.V., incorporated in the Netherlands (Amsterdam); operational headquarters distributed across Amsterdam, Paris and Turin Audit Date: June 2026 Evidence Base: Published corporate disclosures and press releases (Stellantis Media, Stellantis investor materials), Israeli government innovation-agency statements, diplomatic-mission records, trade press, automotive-industry reporting, and Israeli importer corporate records. Every factual claim carries an inline reference marker; source URLs appear only in the End Notes.

Supply Chain & Sourcing Relationships

Automotive Component Sourcing - General Structure

Peugeot is a vehicle brand operated by Stellantis N.V., a global automotive original equipment manufacturer (OEM) formed in January 2021 from the merger of Groupe PSA (Peugeot’s prior parent) and Fiat Chrysler Automobiles (FCA).1 Its supply chain is composed of automotive inputs - steel, aluminium, semiconductors, electronics, plastics and rubber - and vehicle assembly distributed across European and international plants; this is a categorically different supply chain from agricultural or fresh-produce sourcing.2

Sourcing of Israeli-Made Components

Peugeot’s corporate predecessor, PSA Peugeot Citroën, has a documented multi-decade record of purchasing Israeli-made automotive components. Reporting in Israeli daily Ha’aretz (25 September 2001), carried by trade outlet Just-Auto, recorded that PSA had been buying Israeli-made products “since the early 1980s,” that purchases were approximately US$25 million in 2001, and that PSA planned to expand them to about US$40 million the following year.3 The same reporting named PSA vice-president Hervé Guyot and recorded that the company convened meetings between roughly 30 Israeli manufacturers and PSA executives, with kibbutz-based suppliers (Moran, Hatsor and Revivim) and Haifa-area high-technology firms among those presented.3 David Lubinski, the Israeli Peugeot/Citroën importer, is identified in that reporting as the local interlocutor.3

No current (post-merger) Stellantis disclosure quantifying ongoing component-procurement volumes from Israeli suppliers was identified in reviewed public records; the 2001 reporting establishes a sourcing relationship rather than a present-day purchase figure.

Israeli Technology-Partner Pipeline

Stellantis maintains an active pipeline for sourcing Israeli automotive technology. Under a Memorandum of Understanding signed with the Israel Innovation Authority on 7 April 2021 (through subsidiary FCA Italy S.p.A.), Stellantis entered the Authority’s R&D and Pilot Collaboration with Multinational Corporations programme to identify and develop Israeli-startup technologies in driving assistance, cybersecurity and Industry 4.0.45 Stellantis stated it had scouted more than 30 Israeli startups, with several proof-of-concept projects under way.6 At its 2023 Venture Awards (announced 14 December 2023), Stellantis recognised the Israeli firm Vayyar - a 4D imaging-radar developer for in-cabin monitoring - as an innovation partner in its TECH category.78

Vehicle Assembly Origin

Peugeot-branded vehicles sold in Israel are assembled at Stellantis plants in Europe and imported as finished goods; no vehicle assembly or component manufacturing tied to Israel or the occupied Palestinian territories appears in Stellantis’s disclosed manufacturing footprint.2

Agricultural / Fresh-Produce Sourcing

No public evidence identified. Such sourcing has no logical basis in an automotive OEM’s procurement structure.2

Product Origin, Labeling & Regulatory Compliance

Settlement-Origin Product Labeling

No public evidence identified. Peugeot/Stellantis manufactures vehicles, which carry country-of-final-assembly origin designations under standard customs rules rather than the produce country-of-origin declarations to which settlement-labelling frameworks apply.2

Mislabeling Findings / Regulatory Enforcement

No public evidence identified. No regulatory citation, customs finding, or NGO investigation specifically naming Peugeot or Stellantis in connection with settlement-origin goods mislabeling was located in reviewed records.

Corporate Sourcing / Labeling Policy on Occupied Territories

Stellantis publishes a global Supplier Code of Conduct and human-rights policy applicable across its supply chain.9 No Israel- or occupied-territory–specific sourcing-exclusion clause, settlement-goods provision, or related labelling commitment was identified in reviewed public Stellantis documentation.

Investment, Capital & Financial Exposure

Direct Investment in Israel / OPT

No public evidence identified of Peugeot or Stellantis holding direct capital investments - factories, logistics hubs, real estate or wholly-owned operating subsidiaries - within Israel or the occupied Palestinian territories. Stellantis operates no vehicle-assembly plant in Israel, and no Israeli-domiciled entity appears among its disclosed subsidiaries or manufacturing locations.2

R&D and Innovation Engagement

Stellantis does not operate a disclosed owned R&D facility in Israel; its principal R&D centres are in France, Italy, Germany and the United States.2 However, through the Israel Innovation Authority MoU, the Authority (a statutory Israeli government agency) co-finances development of Israeli-startup technologies identified for Stellantis, while FCA Italy supports the startups’ scale-up, R&D and global activities - a structured, state-facilitated innovation-sourcing relationship rather than an owned facility.45 Stellantis Ventures, the group’s €300 million corporate venture fund, is the vehicle through which Stellantis has engaged early- and later-stage mobility startups, including the Israeli partner recognised at the 2023 Venture Awards.78

Parent and Beneficial Ownership

Peugeot is a brand of Stellantis N.V., a Dutch-incorporated holding company.1 Major disclosed shareholders include Exor N.V. (the Agnelli-family holding company), Bpifrance (the French state investment bank), Peugeot 1810 / Établissements Peugeot Frères (the Peugeot family holding), and Dongfeng Motor Group (Chinese state-owned), with the remainder in free float.110 No Israeli sovereign, institutional or corporate entity was identified among Stellantis’s disclosed major shareholders in reviewed filings.10

Portfolio / Treasury Exposure to Israel

No public evidence identified of Stellantis N.V. or its disclosed major shareholders holding Israeli sovereign bonds or Israel-focused investment-fund positions as disclosed portfolio assets in reviewed filings. (Diversified index-tracking holdings by large global asset managers are not a specific link and are not asserted here.)

Operational Presence & Market Activity

Physical Footprint in Israel / OPT

No Stellantis- or Peugeot-owned offices, sales facilities, warehouses or assembly points within Israel or the occupied Palestinian territories were identified in reviewed records. Commercial operations in Israel are conducted through an independent importer (see Corporate Structure), which maintains showrooms and authorised service centres across Israel.1112

Market Reporting and Positioning

From 2025 Stellantis reports Israel within an “Israel Zone” grouping (Israel and Palestine) inside its Middle East & Africa region.13 Third-party analysis of Stellantis disclosures recorded “Israel Zone” sales of approximately 14,000 units in FY2024 (about 2.6% of MEA volumes, roughly a 5.2% local market share), down about 33% year on year.13 Israel is not singled out as a strategic growth market in reviewed Stellantis investor materials beyond this regional reporting.13

Government / Military Vehicle Use

NGO and human-rights reporting (e.g., Who Profits Research Center, alongside groups such as Yesh Din and B’Tselem) has referenced Peugeot- and Citroën-branded vehicles among vehicle types present in Israeli security/military use in the West Bank.14 Reviewed records document vehicle presence rather than a confirmed direct OEM supply contract between Stellantis and the Israeli state or military; procurement through the civilian importer channel is the documented route. No direct OEM-level government or military supply contract was confirmed in reviewed public records.14

Employment and Tax Contribution in Israel

No public evidence identified of Stellantis or Peugeot directly employing staff or holding a registered tax entity in Israel; in-market employment and tax obligations are borne by the independent Israeli importer.11

Corporate Structure & Foundational Ties

Founding and Incorporation History

Peugeot originated as a French industrial concern (Peugeot family, with automobile production from the 1890s) and has no founding, incorporation or historical commercial connection to Israel.1 Its pre-2021 parent, Groupe PSA, was a French listed company headquartered in Paris.1

Stellantis N.V. is incorporated in the Netherlands, with operational/functional activities across Amsterdam, Paris and Turin.19 No Israeli registered address, secondary domicile or branch registration appears in reviewed disclosures.9

Israeli Importer Relationship

Peugeot vehicles are imported and distributed in Israel by the Lubinski Group (also rendered Lubinsky), an Israeli privately held family company. Per the importer’s own corporate materials and trade-database profiles, the business was established in 1936 by David Lubinski as the sole importer of Peugeot to Israel and neighbouring markets, and today serves as the sole Israeli importer of Peugeot, Citroën and DS (and MG), operating a service-centre network with several hundred employees.1516 Lubinski is an independent franchise/distribution counterparty, not a Stellantis subsidiary; Stellantis takes no disclosed equity in it.15

State and Institutional Linkages

Bpifrance, the French state investment bank, holds a stake in Stellantis N.V., constituting a French-state institutional shareholding (not an Israeli-state link).110 On the Israeli side, two memoranda of understanding link Stellantis legacy entities to Israeli government bodies: the FCA Italy / Israel Innovation Authority MoU of April 2021 (the Authority being a statutory Israeli government agency that co-finances startup development),45 and a February 2015 MoU between FCA, Iveco, Magneti Marelli and Israel’s Fuel Choices Initiative - a Prime Minister’s Office programme - to develop natural-gas vehicle technology.17 No Israeli government equity ownership of, board appointee to, or critical-national-infrastructure designation of Stellantis or Peugeot was identified in reviewed records.10

Governance Structure

Stellantis N.V. operates under Dutch corporate-law governance with a unitary Board of Directors.9 Reviewed governance and constitutional documentation discloses no golden shares, founder/state special-voting provisions, or charter clauses tying the company’s mission to Israel.9

Sanctions / Restricted-Party Designations (Israel/OPT context)

No public record was identified of Stellantis N.V. or any Peugeot entity appearing on OFAC, EU, UN or comparable sanctions lists in connection with Israeli settlement activity or OPT-related commerce.18

Profit Repatriation & Economic Contribution

Revenue Attribution

Stellantis does not disclose standalone Israel revenue; results are reported at regional-segment level, with Israel folded into the Middle East & Africa region and, from 2025, the “Israel Zone” sales grouping.13 No Israel-specific revenue figure was identified in reviewed filings.13

Direction of Profit Flows

Under the importer/distribution model, the Israeli importer (Lubinski Group) purchases vehicles from Stellantis at wholesale transfer prices, takes title, imports as importer of record, and sells to Israeli end customers; retail margin accrues to the Israeli importer while wholesale revenue (incorporating OEM margin) flows from Israel to Stellantis’s European group.1115 No profit flow from Stellantis into Israel in the form of dividends to Israeli shareholders or capital repatriation to an Israeli beneficiary was identified in reviewed records.10

In addition to vehicle wholesale flows, the inbound economic contribution to Israel runs through Stellantis’s component-procurement and technology-sourcing relationships: historical purchases of Israeli-made parts from named Israeli suppliers,3 and co-financed startup-development engagement under the Israel Innovation Authority programme,45 both of which direct OEM expenditure or development support toward Israeli firms.

Dividend and Capital Repatriation Flows

Stellantis distributes dividends to its shareholders under its Dutch-law dividend policy; the disclosed major beneficiaries are its principal shareholders (Exor, Bpifrance, the Peugeot family holding, Dongfeng and free-float investors), none of which is an identified Israeli entity.110

Economic Ecosystem Role within Israel

No public government designation, Israeli economic-ministry assessment, or sector study characterising Peugeot or Stellantis as a key employer, sector anchor or strategic inward investor within the Israeli economy was identified.13

End Notes

Footnotes

  1. https://en.wikipedia.org/wiki/Stellantis ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  2. https://www.stellantis.com/en/company/our-factories ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  3. https://www.just-auto.com/news/israel-psa-to-buy-40-million-of-parts-next-year/ ↩ ↩2 ↩3 ↩4

  4. https://www.media.stellantis.com/em-en/corporate-communications/press/stellantis-and-israel-innovation-authority-announce-the-signing-of-a-memorandum-of-understanding ↩ ↩2 ↩3 ↩4

  5. https://ambtelaviv.esteri.it/en/news/dall_ambasciata/2021/04/firma-dell-accordo-tra-stellantis-2/ ↩ ↩2 ↩3 ↩4

  6. https://itrade.gov.il/italy/2021/04/07/stellantis-and-israel-innovation-authority-announce-the-signing-of-a-memorandum-of-understanding/ ↩

  7. https://www.stellantis.com/en/news/press-releases/2023/december/stellantis-celebrates-11-top-performing-startups-and-innovation-partners-with-2023-venture-awards ↩ ↩2

  8. https://israelvalley.com/2024/01/05/le-constructeur-automobile-stellantis-recompense-une-startup-israelienne-a-ses-venture-awards-2023/ ↩ ↩2

  9. https://www.stellantis.com/en/investors/corporate-governance ↩ ↩2 ↩3 ↩4 ↩5

  10. https://www.stellantis.com/en/investors/shareholders ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  11. https://online.peugeot.co.il/ ↩ ↩2 ↩3

  12. https://online.peugeot.co.il/sale-center/ ↩

  13. https://stockdividendscreener.com/auto-manufacturers/stellantis-sales-and-market-share-in-the-middle-east-and-africa/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  14. https://www.whoprofits.org/companies/sector/automotive ↩ ↩2

  15. https://www.zoominfo.com/c/lubinsky-group/539478810 ↩ ↩2 ↩3

  16. https://www.toolsgroup.com/customer-stories/lubinski/ ↩

  17. https://www.media.stellantis.com/em-en/fca-archive/press/fiat-chrysler-automobiles-iveco-magneti-marelli-and-israel-s-fuel-choices-initiative-form-partnership-to-develop-innovative-natural-gas-technology-and-vehicles ↩

  18. https://www.ohchr.org/en/hr-bodies/hrc/regular-sessions/session31/database-business-settlement ↩