Peugeot maker PSA Group held on to its margin target despite a fall in profitability in the first half of 2020, and said a recovery in sales had extended into July after the coronavirus pandemic ate into first-half revenues.
) held on to its margin target despite a fall in profitability in the first half of 2020, and said a recovery in sales had extended into July after the coronavirus pandemic ate into first-half revenues.
But the group, which is in the middle of working through a merger agreement with Italy’s Fiat Chrysler , said it was aiming for a more positive second half. PSA reiterated a goal for average margins of over 4.5% in the automotive unit for the 2019 to 2021 period, however.
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