Mexican Media Brands
PSA Revenue Slides 4%
PSA Peugeot Citroen reports that its group revenue declined nearly 4% to €12.1 billion in the third quarter.
#economics
Share
PSA Peugeot Citroen reports that its group revenue declined nearly 4% to €12.1 billion in the third quarter. Automotive-related revenue fell 6%.
The company expects this year's overall European and Russian auto markets to shrink 4% and 7%, respectively. But it says markets will expand 14% in China and 2% in Latin America.
PSA's Automotive Division posted third-quarter revenue of €5.5 billion compared with €6.1 billion a year earlier. The company blames a 7% drop in vehicle sales outside China and a 5% negative swing in currency exchange rates for the Brazilian real, British pounds and Russian ruble.
The group's auto sales in China surged 29% to 403,000 units in January-September.
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 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. . .
-
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.