Global Analysis from the European Perspective. Preparing for the world of tomorrow

Groupe PSA results show significant losses in China and Iran

Groupe PSA has released worldwide sales results for the first half of the year that show a decline of 12.7% on the same period in 2018, down to 1.9m vehicles. This is principally caused by the suspension of the carmaker’s activity in Iran and losses in China. Sales in Latin America were also down around 30%, mainly because of the economic downturn in Argentina (where sales are down 50%). Source Automotiv

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