Tue. Apr 7th, 2020
PSA Sales Dropped On Emerging-Market Setbacks

PSA Sales Dropped On Emerging-Market Setbacks

The vehicle sales of PSA Group, a French auto manufacturer, were seen dropped by about 12.8% in the first half as budding markets dominated its overseas business. This situation has challenged the path of Peugeot carmaker’s recovery. The company disclosed that the sale is dropped from 2.18 Million to about 1.9 Million light vehicles per year in January–June period.

Under the management of Carlos Tavares, who is the Chief Executive at PSA, the firm has achieved successive sales and revenue history. At present, the firm is due to report total earnings for the period next week. In Europe, which is its largest market by far, PSA obtained about 0.3% increase in sales. This raised its share of an automotive market down by 2.5% in total. In the company statement, Tavares proclaimed that in spite of the decline of the worldwide automotive markets for this first half, the firm’s commercial teams have successfully managed to grow market shares in a few countries.

On a similar note, Groupe PSA disclosed that it has collaborated with VINCI Autoroutes. According to the firm, the purpose of this partnership is the testing and development of autonomous vehicles. Through this partnership, the automobile group will be able to use VINCI Autoroutes’ network for the tests of self-driving vehicles in various complex conditions.

Under its umbrella, Groupe PSA holds about five car brands such as Citroen, Peugeot, Opel, DS, and Vauxhall. The firm provides a wide range of mobility solutions. At present, the firm is focused on self-driving vehicles. Vinci Autoroutes is considered as one of Europe’s key motorway operators. The firm works as a partner for the French Government and regional authorities. It is engaged in serving over 100 towns with more than 10,000 residents. The latest trial run also incorporates performing a safe stop. Carla Gochin, who works as Groupe PSA’s Chief Technology Officer, proclaimed that the latest trial is an extra step toward the deployment of the autonomous vehicles.

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