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The Warsaw Voice » Business » May 20, 2009
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Peugeot Aims to Maintain Market Share
May 20, 2009   
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Peugeot aims to maintain last year's 7.3 percent share of European automobile sales, Jean-Philippe Collin, member of the PSA Peugeot-CitroŽn managing board and executive vice-president of Automobiles Peugeot, told reporters during a recent visit to Warsaw.

Collin said that helping Peugeot to maintain its market share amid the economic crisis were contracts it has signed with Fiat for cooperation in the production of delivery vans, with Ford for the production of Common Rail HDI diesel engines and with BMW for the production of gasoline engines.

Last year, more than 1.9 million Peugeot cars were sold across the world. Peugeot is the fifth largest automaker on the European market.

Collin said he believed that the economic crisis and the downturn on the world's automotive markets have created both threats and opportunities. Peugeot has the advantage of its own distribution chain coupled with its own lending company, PSA Finance, and a wide range of products offered on 160 markets, he added.

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