Peugeot Maker Weathers Industry Slump
- Popular models like Peugeot 508 help reduce discounting
- Carmaker faces challenges ‘especially in China,’ CFO says
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The maker of Peugeot cars weathered a slump in the auto industry in the third quarter, helped by demand for popular models like the Peugeot 508 and Citroen C5 Aircross.
PSA Group’s revenue grew 1% from a year earlier, the French company said Wednesday, just ahead of the average estimate of analysts. Automotive revenue was stable.