PARIS (Reuters) – Peugeot maker PSA Group
PSA, which is in the middle of working through a merger agreement with Italy’s Fiat Chrysler
A sales slump at the company deepened in the second quarter, with revenue down 34.5% in the first six months of 2020 to 25.12 billion euros ($29.47 billion), while the automotive division’s adjusted operating margins shrank to 3.7% from 8.5% at end-2019.
PSA reiterated a goal for average margins of over 4.5% in the automotive unit for the 2019 to 2021 period, however.
(Reporting by Sarah White and Gilles Guillaume; Editing by Kim Coghill)




