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French carmaker PSA sales speed up on Opel takeover

PARIS: French carmaker PSA on Thursday said its global car sales jumped in the first half by over 38 percent, driven by its takeover last year of Opel and Vauxhall.

PSA, which also owns the Peugeot, Citroen and DS auto brands, said it had sold nearly 2.2 million vehicles worldwide in the first six months of the year. In its statement, it feted a “new all-time record and a 38.1 percent growth compared with the first half of 2017”. The company sold nearly 1.7 million units in its main market, Europe, pushing sales up by a massive 61.5 percent, the statement said.

Over 550,000 vehicles sold in Europe were Opel and Vauxhall units, it added. PSA in August 2017 completed its takeover of rival brands Opel and Vauxhall, making it Europe’s second-biggest carmaker after Volkswagen.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.