• HSBC

Peugot expects sales to drop 20%

  • Wednesday, February 11 - 2009 at 09:01

The head of Europe's second-biggest volume carmaker, Peugeot-Citroen, said he expects group sales to fall 20% in 2009 due to the financial crisis. Christian Streiff said the outlook for 2009 is 'terrible', adding that the market in 2010 is likely to 'remain difficult'.

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