PSA Group 2019 sales slump 10% after record 2018

Fiat Chrysler Automobiles was on the other hand hit by a 7.3% fall of its passenger cars sales in Europe. PSA and FCA said last month they had agreed on a binding merger in a $50 billion deal that will pave the way to the creation of the world’s fourth-largest car maker.“2019 was a year of consolidation for Peugeot.

The DS brand was PSA’s only brand to boost sales globally last year, with an increase of 17.4% to 62,512 units. The Peugeot brand saw a fall of 16.3%, Citroen declined 5.1% and Opel Vauxhall 5.9%. FILE PHOTO: The logo of PSA Peugeot Citroen is seen at the company's plant in Poissy, near Paris, October 31, 2019. REUTERS/Charles Platiau

PSA’s sales in China fell a hefty 55.4% to 117,084 vehicles, a mere 10th of the 1 million-a-year target it had set itself a few years ago. Sales volumes were also down 22.5% in a contracting Latin American market and 43.7% in the Middle East-Africa region - punished by the group’s forced withdrawal from Iran under threat of U.S. sanctions.Reporting by Benoit Van Overstraeten;; Editing by Matthias Blamont and Alex Richardson

They bought the poisoned chalice that is Opel.

'DESEAMOS' 'SOÑAMOS' VER A TRUMP,SABEMOS QUE ES UN 'PSICOPATÍA''ABUSADOR DEL PODER'CON CRÍMENES DE 'LESA HUMANIDAD'UN MALDITO 'ASESINO'ES ELEMENTAL QUE 'DESEAMOS' 'SOÑAMOS'VER A TRUMP PERO EN EL 'FONDO DEL MAR' RETWITEAR

The planet cannot sustain more automobiles. There will inevitably be fewer of them as time goes on. This is a blessing in disguise, as human quality of life is better when life is not spent stuck in auto traffic.

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