Citroen lowers outlook for '05 amid weak sales
Article Abstract:
Peugeot S.A. of France has reported reduced operating-budget financial projections of four percent for the year compared with 4.5 percent. Reasons include aggressive competition, weak sales and high materials costs. Market share for the Citroen automobile maker is down to 14.4 percent although there is a 1.3 percent rise in revenue so far this year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Peugeot-Citroen rebound: profit jumps by 61%; Renault, Volvo post earnings declines
Article Abstract:
First-half net profit for Peugeot S.A. increased by 61% to reach $680 mil, due in part to a capital gain on the selling of a UK-based plant. However, net profit for Renault S.A. dropped 21% due to Nissan Motor Co.'s dramatically reduced contribution; Renault owns a 44% stake in Nissan.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Peugeot to trim 7% of European staff amid falling sales
Article Abstract:
Peugeot plans to cut its European work force by 10,000 (a 7% reduction) and trim expenditures, to compensate for declining sales. Peugeot, Europe's second-largest automobile manufacturer, had a decline of 3% in sales this year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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