Chief executive issues warning of ‘unpopular decisions’ including factory closures
was only one of a number of challenges facing European carmakers during 2018, with a regulatory backlash against diesel vehicles denting demand in Europe as well as the threat of tariffs from the US, but PSA Group, which also owns the Peugeot and Citroën brands, announced record annual revenues of €74bn in 2018, up 19% year-on-year.
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