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Auto / Автопресса

The PSA group has faced a serious crisis in China

DRIVE.RU 13.03.2019 at 08:01

Drive.ru

A Joint venture of PSA Group, Dongfeng Motor Group (DPCA) has been able in 2018 to implement in China, only 253 of 400 cars (-32,89%). This is the worst result since 2009. Partners lost 3.7 billion yuan ($552 million). In comparison with 2017 revenue fell 31%, to 28.3 billion yuan ($4.2 billion), and losses increased eight-fold, according to Automotive News. Managers wistfully recall a record in 2015 when the demand reached its peak and allowed to implement 704 000 cars on 64% more than now. Since there's a steady decrease, DPCA takes drastic measures to rescue.