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All tagged PSA
◢ French auto giant Groupe PSA, which makes the Citroen and Peugeot brands, reported record vehicle sales Tuesday as the acquisition of General Motors' Opel unit helped offset a sharp downturn in key markets China and Iran. PSA sold 3.88 million vehicles, up 6.8 percent from 2017 when it acquired the Opel business which includes British-based Vauxhall.
◢ France's PSA said Monday that it would pull out of two joint ventures to sell its cars in Iran to avoid the risk of US sanctions after Washington decided to withdraw from a key nuclear deal with Tehran. "The group has begun to suspend its joint venture activities, in order to comply with US law by August 6, 2018," the automaker said in a statement.
