PSA’s Global Sales Plunge 13%

PSA Group reports its global sales of 1.9 million vehicles in the first half of 2019, which is down 13% from the same period last year.

Slumping sales in China (-62%) and Latin America (-29%) offset a tiny 0.3% gain in Europe and 2% increase in India-Pacific.

PSA reiterates that it expects to offer electrified models through its entire vehicle lineup by 2025, including 14 such models over the next two years.