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
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
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.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.