In 1978, Chrysler Europe was sold to PSA, which subsequently renamed all former Chrysler/Simca models Talbot (so, for example, the Chrysler 150 became Talbot 150).
Chrysler Europe was acquired by PSA in 1978 and renamed all of its previous Chrysler and Simca vehicles to Talbot, such as the Chrysler 150 becoming a Talbot 150.