Large European exposure pays off for PSA

PSA Peugeot Citroen is making steady progress on its Back in the Race targets, with a solid third quarter (Q3) contributing to developments. Revenue in the July-September period rose 3.2% year-on-year to €12.39bn (US$13.7bn). Revenue at the Automotive Division alone was up 1% at €8.052bn, excluding contributions from the Chinese JVs. Overall sales volumes took a hit from contrasting regional performances, falling 4.3% as strength in Europe struggled to counteract the slowdown in China.