PARIS: Peugeot maker PSA Group has turned more pessimistic about the outlook for the car industry this year, predicting a decline in the European and Russian auto markets following record results in 2019.
The French manufacturer that’s working to combine with Fiat Chrysler Automobiles NV sees the European car market shrinking 3% in 2020 and Russia declining 2%, according to a statement Wednesday.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
