France’s largest carmaker, PSA Peugeot Citroen recently said that its 2009 financial results were heavily influenced buy the global financial crisis: the carmaker’s global sales saw a 2.2 % decrease to 3,188,000 units last year in the context of a market which fell by 3.1 %. PSA’s revenues dropped by 10.9 % to 48,417 million euro and the company registered a recurring operating loss of 689 million Euro.
However, the second half of 2009 saw PSA increasing its market share and registering an re… (read more)