The negative impact on group revenues from the -29% sales volume plunge provoked by the COVID-19 crisis was partially compensated by opportune improvements in the product mix, as a result of the renewal of the model portfolio. Despite the grim 2020 car market outlook provided by the company, PSA appears prepared to face the current crisis and to restart production in anticipation of the ensuing rebound.
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Product mix improvement partly redeems an otherwise sour Q1
- Published:
22 Apr 2020 -
Author:
Jorge Velandia -
Pages:
3
The negative impact on group revenues from the -29% sales volume plunge provoked by the COVID-19 crisis was partially compensated by opportune improvements in the product mix, as a result of the renewal of the model portfolio. Despite the grim 2020 car market outlook provided by the company, PSA appears prepared to face the current crisis and to restart production in anticipation of the ensuing rebound.