France: PSA reports pricing squeeze in Europe

PSA Peugeot Citroen has outlined details of its revenue performance in Q3 2011, indicating an overall year-on-year gain of 3.5%, but has cautioned that although prices remained relatively stable over the quarter, rising just 0.1%, "pressure increased dramatically in September, reducing margins by 0.8 points that month." The company has forecast Subscribe to Automotive World … Continued

• By Webmaster
• October 26, 2011