Automobile production in France fell by 21% in the first half of this year as car makers slammed on the brakes to prevent inventories building up due to slumping sales, according to latest industry data released Thursday.
PSA Peugeot Citroen (>> PEUGEOT), which was hit by a weeks-long strike at an assembly plant north of Paris, produced 25% fewer vehicles in the first six months of this year than in the same period of 2012, while local rival Renault SA (>> RENAULT) scaled back its output by 11%, according to data collated by CCFA, the French automobile manufacturers' association.
It was a different story for production outside France, however. Peugeot Citroen's non-French production increased 5.8% in the first six months of this year, while Renault's was up by 5.3%. Both companies are benefiting from dynamic markets away from Europe.
Geen opmerkingen:
Een reactie posten