PSA lifted by Iran de­spite dip in China

China Daily (Hong Kong) - - MOTORING -

French auto gi­ant PSA Group said on Thurs­day its global sales rose slightly in the first half, with its come­back in Iran com­pen­sat­ing for prob­lems in China where vol­umes plunged by al­most 50 per­cent. Between Jan­uary and June, PSA’s sales in China fell by 48.6 per­cent to 152,380 ve­hi­cles, while in Europe, its main mar­ket, turnover was down 1.9 per­cent to 1.03 mil­lion ve­hi­cles, largely due to a poor per­for­mance by its lux­ury DS brand. Over­all the car­maker, which is pur­su­ing plans to buy Gen­eral Mo­tors’ Euro­pean brands Opel and Vaux­hall, sold nearly 1.58 mil­lion ve­hi­cles in the first half of 2017, with global sales up 2.3 per­cent.

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