Mexican Media Brands
PSA Hikes Third-Quarter Sales, Revenue
PSA Peugeot Citroen increased vehicles sales 5% to 643,600 units in July-August, led by growth in China and Europe of 44% and 7%, respectively.
#economics
Share
PSA Peugeot Citroen increased vehicles sales 5% to 643,600 units in July-August, led by growth in China and Europe of 44% and 7%, respectively. Revenue climbed 2% year on year to €12.3 billion.
PSA's unit sales in the second quarter plunged 38% in Latin America and 62% in Eurasia, roughly three times the contraction of each market. The company hopes to return to breakeven in both regions in 2017.
For the full year, PSA expects overall car markets to expand about 5% in Europe and 10% in China but shrink 10% in Latin America and 15% in Russia.
The company is targeting an operating margin for its automotive operation of 2% by 2018 and 5% by 2019-2023.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.