Groupe PSA: details contribution to French trade balance
(CercleFinance.com) - The PSA Group today announced that in 2019 it contributed +4.
4 billion euros to the French trade balance.
"In 2019, the Group manufactured 1,226,000 cars in France, representing 36% of its global production output. At stake: net exports of 379,000 vehicles, up 5% versus 2018, allowing the Group to make a E4.4 billion positive contribution to France's trade balance. In contrast, the French automotive industry has been a negative contributor since 2008, with its performance falling further in 2019 to a negative E15.3 billion," the group said.
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