PSA Q1 earnings rise in first half of the expected 28 per cent increase
Super cars news, comprehensive foreign coverage France automobile manufacturers PSA Peugeot Citro?n (PSA Peugeot Citroen) April 21, announced that the first quarter of this year, the company revenue 140 million euros (around 188 million), and 110 million euros in the same period last year increased by 28% compared to for this PSA Peugeot Citroen also increased its financial expected in the first half of 2010.
Of these, the first quarter of this year, Peugeot-Citroen automobile business sales year-over-year increase of 22%, to EUR 106 million. Peugeot Citroen is also expected that, in the first half of 2010 Peugeot-Citroen revenue is rendered even more positive results, particularly in the automobile business.
Peugeot-Citroen, as European Governments introduce car trade-in allowance policy of termination, the 2010 European car sales will decline 9%. However, Peugeot-Citroen automobile market in China has shown very optimistic.
Peugeot Citroen CEO Philips ・ Varan (Philippe Varin) hope through the listing of new models, such as Citroen DS3 and Peugeot RCZ, you can offset the Government subsidy policy in the European region from the harmful effects of termination.