Automotive Industry

PSA's platform policy delays new models; GM vice chairman: Big changes will wait until new boss arrives.(News; new model launches delayed at PSA/Peugeot-Citroen )

Automotive News Europe, March, 2004 by de Saint-Seine, Sylviane

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Byline: Sylviane de Saint-Seine

PSA/Peugeot-Citroen's new model launches have been delayed because the group's platform policy is taking longer than expected to develop, PSA CEO Jean-Martin Folz said.

Given European customers' hunger for novelty, the slowdown partly explains why PSA's sales fell 2.7 percent to 2.1 million in 2003.

Sales at Europe's No. 2 automaker remain sluggish, down 5.6 percent to 333,400 in the first two months of this year.

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"We've had to redefine our launch schedule," Folz said. "The full benefit of our platform policy will take more ...

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Automotive Industry

PSA's platform policy delays new models; GM vice chairman: Big changes will wait until new boss arrives.(News; new model launches delayed at PSA/Peugeot-Citroen )

Automotive News Europe, March, 2004 by de Saint-Seine, Sylviane

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