PSA Peugeot-Citroën
Country of Origin: France
Unit Sales: 4.16 million
Number of Employees: 170,156
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After some tough years in the middle part of this decade for PSA Peugeot, most notably a €114-million loss in 2014, the company has rebounded as of late. The French automaker reported an overall increase of 15.4 percent in worldwide sales for year-end 2017. Much of this increase is attributed to the excellent performance of SUV sales, which accounted for 23 percent of consolidated sales.
Things continue to look rosy in 2018 as Peugeot reported a 7.8 percent increase in Q2 revenue. Industry experts attribute the increase to the company’s acquisition of Opel-Vauxhall along with an uptick in sales of higher-end Peugeot models.
The company aims to doubles sales in the ASEAN region. They recently announced a deal with Naza Corp in Malaysia to produce vehicles for the Asian market.
After some tough years in the middle part of this decade for PSA Peugeot, most notably a €114-million loss in 2014, the company has rebounded as of late. The French automaker reported an overall increase of 15.4 percent in worldwide sales for year-end 2017. Much of this increase is attributed to the excellent performance of SUV sales, which accounted for 23 percent of consolidated sales.
Things continue to look rosy in 2018 as Peugeot reported a 7.8 percent increase in Q2 revenue. Industry experts attribute the increase to the company’s acquisition of Opel-Vauxhall along with an uptick in sales of higher-end Peugeot models.
The company aims to doubles sales in the ASEAN region. They recently announced a deal with Naza Corp in Malaysia to produce vehicles for the Asian market.
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