Related News
French car maker's sales drop nearly 5%
Source: Agencies |
January 14, 2009, Wednesday
|
Print Edition
Print Edition
PSA Peugeot Citroen said yesterday its vehicle sales reversed 4.9 percent last year, owing to a sharp downturn in its key western European markets.
France's largest auto maker sold 3.26 million vehicles last year, down from 3.43 million in 2007. The Peugeot brand reported sales 3.2 percent lower, while cars under the Citroen name saw sales slide 7.2 percent, the company said in a statement.
The Paris-based car maker said its sales in western Europe, where it makes roughly two-thirds of its revenue, fell by 10.5 percent in 2008, due to weak markets in Spain, Britain and Italy.
PSA Peugeot Citroen's sales confirmed the trend already seen at rival Renault SA, which last week reported a 4.2 percent drop in annual sales and warned of possibly worse to come, as bleak prospects have caused auto makers worldwide to dramatically cut production.
PSA Peugeot Citroen gave no sales estimate for 2009.
France's largest auto maker sold 3.26 million vehicles last year, down from 3.43 million in 2007. The Peugeot brand reported sales 3.2 percent lower, while cars under the Citroen name saw sales slide 7.2 percent, the company said in a statement.
The Paris-based car maker said its sales in western Europe, where it makes roughly two-thirds of its revenue, fell by 10.5 percent in 2008, due to weak markets in Spain, Britain and Italy.
PSA Peugeot Citroen's sales confirmed the trend already seen at rival Renault SA, which last week reported a 4.2 percent drop in annual sales and warned of possibly worse to come, as bleak prospects have caused auto makers worldwide to dramatically cut production.
PSA Peugeot Citroen gave no sales estimate for 2009.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
