Mexican Media Brands
Opel Acquisition Boosts PSA’s Revenue 42%
PSA Group reports a 42% jump in revenue to €18.2 billion ($22.2 billion) in the first quarter, thanks to the impact of its Opel acquisition last August.
#economics
Share
PSA Group reports a 42% jump in revenue to €18.2 billion ($22.2 billion) in the first quarter, thanks to the impact of its Opel acquisition last August.
Revenue for the company’s legacy Citroen, Peugeot and DS brands grew 13% to €10.2 billion ($12.5 billion) in January-March. The Opel and Vauxhall brands contributed €4.8 billion in revenue.
PSA’s overall unit sales for the period surged 44% to 1.05 million vehicles worldwide. The group reports gains everywhere it does business: China, Eurasia, Europe, India/Pacific, Latin America and Middle East/Africa.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data