Arab Today, arab today peugeotworldwide sales plummet 165
Last Updated : GMT 15:34:24
Arab Today, arab today
Arab Today, arab today

Peugeot : worldwide sales plummet 16.5%

Arab Today, arab today

Arab Today, arab today Peugeot : worldwide sales plummet 16.5%

Paris - AFP

French auto giant PSA Peugeot Citroen said that global sales plunged by 16.5 percent in 2012 owing to contracting demand in debt-crippled southern Europe and the suspension of its activities in Iran, in a statement on Wednesday. \"PSA Peugeot Citroen recorded worldwide unit sales of 2,820,000 assembled vehicles, down 8.8 percent. Together, sales of assembled vehicles and CKD (completely knocked down) units totalled 2,965,000, down 16.5 percent,\" the group said. Peugeot Citroen, Europe\'s second-biggest carmaker, said the economic crisis in Europe explained its poor results. \"Southern Europe, where PSA Peugeot Citroen has a particularly large presence, was hit hardest, with the market down 13.3 percent in France, 14.9 percent in Spain and 20.9 percent in Italy,\" it said. Its decision to pull out of Iran early last year also affected group results. \"The decision to suspend sales of CKD units in Iran as from February in compliance with international regulations, which made it impossible to finance Iran-bound sales due to tighter international sanctions, also impacted Group sales in 2012,\" PSA said. The carmaker had sold 457,900 CKD units in Iran in 2011. Peugeot\'s decision to suspend business in Iran was to comply with international sanctions against the Islamiuc republic over its nuclear programme. France also came under intense pressure from Washington lobbies to shut down its thriving operations in Iran after US auto giant General Motors acquired a 7.0-percent shareholding in PSA.

arabstoday
arabstoday

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*

Arab Today, arab today peugeotworldwide sales plummet 165 Arab Today, arab today peugeotworldwide sales plummet 165

 



Arab Today, arab today

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*

Arab Today, arab today peugeotworldwide sales plummet 165 Arab Today, arab today peugeotworldwide sales plummet 165

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday