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GM General Motors Company

44.62
0.09 (0.20%)
After Hours
Last Updated: 00:21:45
Delayed by 15 minutes
Share Name Share Symbol Market Type
General Motors Company NYSE:GM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.09 0.20% 44.62 45.195 44.38 44.50 13,987,139 00:21:45

Peugeot's Sales Lifted by Higher Margin Cars

26/04/2017 7:42am

Dow Jones News


General Motors (NYSE:GM)
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By Eric Sylvers

 

French car maker Peugeot said Wednesday that revenue grew 4.9% in the first quarter as sales of higher margin new cars helped offset currency pressure.

Peugeot, which during the first quarter reached an agreement to buy General Motors Co.'s (GM) European business, said revenue climbed to 13.6 billion euros ($14.89 billion). Unfavorable exchange rates were responsible for a 1% decline in sales.

The company, officially known as Group PSA (UG.FR), said it expects the automotive market to grow by about 1% in Europe this year. Growth in China is seen at 5% and Latin America at 2%, while Russia is forecast to remain little changed from last year.

 

-Write to Eric Sylvers at eric.sylvers@wsj.com

 

(END) Dow Jones Newswires

April 26, 2017 02:27 ET (06:27 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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