peugeotcitroen struggles on sales front
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Peugeot-Citroen struggles on sales front

Egypt Today, egypt today

Egypt Today, egypt today Peugeot-Citroen struggles on sales front

Paris - Afp

France's biggest car maker PSA Peugeot Citroen logged stable worldwide sales of 1.86 million vehicles in the first half of 2011, with a weakened performance in Europe, it said on Tuesday. Worldwide sales rose fractionally by 0.2 percent compared to the same period last year but sales were down 5.3 percent in Europe, where some governments have recently wound down trade-in schemes for old motors. "Dragged down by the elimination of remaining scrappage incentives, traditionally strong markets for the Peugeot and Citroen brands reported weak growth or strong declines," the firm said in a statement. However, "global automobile markets rose by six percent in the first half of 2011," led by demand for passenger cars in China and passenger cars and light commercial vehicles in Latin America and Russia, it added. "In Europe, the passenger car and light commercial vehicle market declined by 0.8 percent overall, reflecting a still challenging business environment, with performances widely varying by country." Sales fell 25 percent in Spain and 12 percent in Italy, and grew by two percent in France and 11 percent in Germany. In Russia they soared 65.5 percent to 35,400 vehicles. France's second-biggest automaker Renault on Monday reported that first-half vehicle sales fell 7.4 percent in Europe but said it expected record sales worldwide thanks to booming emerging markets. Renault's sales rose 1.9 percent to 1.37 million vehicles worldwide, but in Europe they fell 7.4 percent to 831,700 units. Renault said it was hoping to sell more than 2.6 million vehicles over the whole of 2011, as its international sales improved, diverging from its weaker performance in France and throughout Europe. PSA Peugeot Citroen echoed this reliance on non-European markets. "The Group is confirming its target of generating 50 percent of sales outside Europe in 2015," it said. Its executive vice president for brands, Jean-Marc Gales, said in Tuesday's statement the company is successfully "shifting the model range mix further upmarket." It plans soon to launch the world's first diesel-electric "hybrid" car, the Peugeot 3008 HYbrid4, and a new version of its classic DS model, the DS5.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peugeotcitroen struggles on sales front peugeotcitroen struggles on sales front



GMT 12:30 2018 Friday ,14 December

Noriaki Kasai: 30 years of World Cup ski-jumping

GMT 12:01 2018 Tuesday ,09 January

Bacteria makes blue jeans green

GMT 22:59 2017 Friday ,02 June

Human Rights Committee calls for investigating

GMT 18:35 2018 Thursday ,25 October

South Sudan frees five political detainees

GMT 06:52 2017 Thursday ,16 February

Infectious Diseases Kill 1,121 in China in January

GMT 08:49 2017 Wednesday ,19 July

French military chief upbraided by Macron quits

GMT 04:48 2017 Thursday ,29 June

570 accidents in Ras Al Khaimah during Eid holiday

GMT 21:31 2017 Monday ,08 May

Exchange rate stable at major Egyptian banks

GMT 08:09 2018 Saturday ,13 January

Marvel creates Chinese superheroes

GMT 08:42 2018 Friday ,12 January

Global shift' as Olympics set up shop

GMT 09:03 2016 Friday ,05 August

UC researchers probe how sunflowers move by clock

GMT 11:50 2011 Wednesday ,22 June

pop-porn will damage a generation of children

GMT 09:20 2017 Monday ,14 August

Meet the Muslim Miss Universe star
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday