Peugeot Citroen sales slump in Q1 April 25, 2012 - 10:44 AMT PanARMENIAN.Net - Peugeot Citroen says it sales slumped in the first quarter as Europe's recession-hit markets caused car sales to collapse across the region's southern flank. According to AP, the Paris-based car maker says it made €15.4 billion ($20.3 billion) in the first quarter, down 7 percent from a year earlier. The maker of the popular Peugeot 207 hatchback and Citroen C4 Picasso minivan blames the collapse of markets in southern Europe for the weak quarterly performance. Peugeot Citroen sales contracted 20 percent across all of Europe, with falls of 19.4 percent in France and 22.4 percent in Italy. In a statement Wednesday, April 25 the company says it expects the European market to be down by about 5 percent over the full year, and by about 10 percent in France.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
