Market intelligence, trend analysis and forecasts for the Automotives industry across the regions

Industry / France

Europe Becomes A Headache For PSA

October 2011 |

A 2.5% year-on-year (y-o-y) fall in PSA Peugeot Citroën's global sales and a 1.6% y-o-y decline in revenue from its core Automotive Division to EUR9.3bn during Q311 have brought the problem of over-reliance on Europe to the fore. The company has blamed its unimpressive performance on a slew of one-off factors. However, the latest developments indicate that the company feels the need to speed up its overseas expansion and further tighten its belt if it is to achieve its aim of profitable growth between 2011 and 2013. We stress that PSA's continued commitment to French production could turn out be

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