PSA Sales Growth Stalls in First Half

PSA Peugeot Citroen delivered 1.55 million vehicles in January-June 2015, up only 0.4% from the same period last year, when sales rose more than 5%.

This year the company's volume expanded 3% to 983,500 units in Europe, 2% to 367,700 units in China/southeast Asia and 24% to 100,900 units in the Middle East/Africa.

But sales dropped 29% to 76,300 units in Latin America and plunged 81% to 5,200 units in Eurasia, a region dominated by Russia.

Global demand for PSA's Peugeot brand advanced 4% in the first half of 2015. But sales shrank 3% for Citroen and 16% for the company's upscale DS brand, according to the company's data.