PSA Out Of The Reds

Bertel Schmitt
by Bertel Schmitt
psa out of the reds

Remember when carmakers could only survive on government-issued life support? No more. Results season is upon us, and one by one, carmakers surprise with fat profits. Today: France’s PSA. After showing a loss of €1.161 billion ($ 1.583 billion) in 2009, PSA turned the tables and produced a gain of €1.134 billion ($ 1.546 billion) for 2010. PSA is relatively weak in China, but their 50 percent share from the China joint venture added €159 million to the profits.

Join the conversation