Jan. 9 - PSA Peugeot Citroen vehicle deliveries have slumped 16.5 percent as the struggling French automaker loses ground in its home European market and withdraws from Iran. Ivor Bennett reports.
▲ Hide Transcript
▶ View Transcript
16.5 percent is today's daily digit in Europe - the fall in vehicle deliveries at Peugeot Citroen.
The troubled French automaker lost ground in its home market, largely thanks to a collapse in demand in southern Europe.
It also withdrew from Iran, where it had sent car kits for assembly.
The group's global sales volume dropped below 3 million in 2012 from more than 3.5 million a year earlier.
It hasn't given any sales objective yet for this year, but it's predicting the European market will drop a further 3-5 percent.
It's market share in Europe also fell half a percent to 12.7.
Sales in China did increase.
And Peugeot stressed finding new markets was still a priority - it hopes at least half its sales will be outside Europe by 2015.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code