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Industry: Email Alert RSS FeedFrench are a bright spot for EU carmakers.(News)
Automotive News Europe, October, 2004
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Among European carmakers only the French showed a positive return in the third quarter.
PSA/Peugeot-Citroen and Renault have been top performers within the CAC 40 index of French blue chips since the start of the year and both had first-half results that exceeded analysts' expectations.
PSA shareholders' investments grew 8.4 percent in the third quarter. That's after first-half revenue grew 4.2 percent to [euro]28.9 billion with the help of its lending arm Banque PSA Finance, its logistics unit GEFCO, and its auto components unit Faurecia.
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Operating profit fell 17 percent ...
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