PSA Peugeot Citroen, Europe’s second biggest car maker, beat analyst estimates for first-quarter revenue as delivery growth in China and Latin America limited a decline caused by a recession in its home region.
Peugeot reported sales of €13 billion. This represented a drop of 6.5 per cent on the previous year, but exceeded analyst estimates.
The European car market has contracted for a sixth consecutive year, and may shrink by 5 per cent in...
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