Peugeot Citroen 3Q Sales Fall 3.7%

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Oct. 23 (Bloomberg) –- Bloomberg’s Hans Nichols reports on Peugeot earnings missing estimates. He speaks with Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Numbers.

What is your early view of this?

You want to focus on the synergy and the failure to reach one billion in savings on synergy and the fact that they have the one they are talking about no longer codeveloping a subcontract car.

When you look at peugeot as it looks for other partners, the partnership with gm does not seem to be going on track.

There are some dismal numbers in there.

Automotive sales are down some 5.8%. it's a challenging environment overall but especially when you add in the exchange rates.

Let's do a little geography.

They expect europe to decline by four percent this year.

China will be up 14%. in the third quarter, there are some bright spots.

United kingdom grew by 12%. spain expanding but then italy, a contraction of nine percent with both germany and france down 1%. the key terms is the revenue was about a 3.7 decline and it was a miss.

Could the world's oldest lake to be the next frontier in

This text has been automatically generated. It may not be 100% accurate.

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