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
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.