It has also signed free trade agreements FTAs with the European Free Trade Association EFTA bloc Norway, Iceland, Liechtenstein, Links of London Switzerland and CEFTA Slovenia, Poland, Czech Republic, Slovakia, Hungary, Romania, and Bulgaria, as well as with Albania, BosniaHerzegovina, Serbia and Montenegro, Lithuania, Macedonia and Turkey. Company Monitor PSA Peugeot Citroen France’s PSA Links of London Z Charm formed in after Peugeot bought up Citroen. Both continue to operate as separate brands, but have developed common technology and run joint assembly plants. PSA has been struggling of late due to difficult operating conditions, and rumours of a merger with Italian car giant Fiat continue to circulate. Financial Woes PSA posted a net loss of EURmn for . Sales and revenues from its automotive division fell nearly . yoy to EUR,mn. As such, the company expects a fall in its sales volume in , based on ‘the assumption that the market in remains difficult’, PSA’s chairman, Christian Streiff, has said. According Links of London B Charm company estimates, it sold Markets In Focus .mn vehicles worldwide in , down . yoy. However, the group PSA Peugeot Citroen Global Sales believes that its endofyear sales figures Units, were affected by a massive fall in Latin demand in H eroding the strong . Central China, Russia, America, Eastern Rest Of yoy sales growth in H. The company’s , Europe, the World, profitability was mainly affected by ‘the , collapse of global automobile markets and a subsequent increase in inventory’ in H. As a result, PSA ended the year with an operating income of EURmn, Western and a operating margin on Links of London Back to SchooL Chubby Black PenciL Charm sales Europe, and revenue, at EUR.bn. Source PSA Peugeot Citroen In terms of market share, PSA was able to maintain in the global markets excluding North America and . in Western Europe. Success in the latter can be partly attributed to its leadership in lowemission vehicles and strong demand for its new Peugeot and Citroen C models. The carmaker also strengthened its leadership in the LCV market, with a share of . in Europe as a whole. However, the automaker had mixed performances in its overseas emerging markets.
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