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Industry: Email Alert RSS FeedPSA and Renault provide the few Q4 bright spots for automakers.(News)
Automotive News Europe, January, 2003 by Saint-Seine, Sylviane de
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Byline: Sylviane de Saint-Seine
French stocks performed best among automotive manufacturers in the fourth quarter.
Investors in PSA/Peugeot-Citroen realized a 3.9 percent return in the fourth quarter. Investors see France's largest car group at a high point in its product cycle, with a healthy balance sheet and strong earnings.
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PSA sales last year reached 3.27 million vehicles, slightly above its 3.25 million target. PSA is aiming for an operating profit of about [euro]2.9 billion, and an operating margin for automotive operations of about 5 percent, which it wants to ...
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