BETTER PARTSHeadwind PSA outside Europe
PSA has in the third quarter of this year suffered from disappointing sales, especially in emerging markets. That came out this week to the front of a handelsbericht.
Among other things, the departure from Iran as a result of U.s. sanctions against that country touch PSA heavy. Iran was after homeland France is the largest market for the automaker. The French company has further not easy in China. A change of course with more focus on SUV's due to disappointing demand in the Asian country is still of little use. PSA cut in growth expectations for the Chinese market. Did other European carmakers like Volkswagen and Renault recently also.
About the sales in Europe, the company was, however, more positive. There are the prices, however, have come under pressure, because a lot of automakers by the new European uitstootregels non-approved cars with discounts of the hand did.
The sales of PSA, the parent company of, among others, Peugeot, Citroën and DS was almost 8 percent higher at 15.4 billion euros. That was largely due to the acquisition of Opel and Vauxhall.