Paris, April 18 <A HREF="aol://4344:30.bloombrg.389091.602536905">(Bloomberg)<
/A> -- PSA Peugeot Citroen, Europe's second-biggest carmaker, expects sales
of its Citroen brand cars, which passed 1 million last year, to rise to 1.1
million in 2000 and reach 1.25 million in 2003, La Tribune reported, citing
Claude Satinet, Citroen's managing director. The company will accelerate the
introduction of new models, which will include the C3, a rounded car with
2CV-style headlights that will sit between the small Saxo car and mid-range
Xsara and will be produced at a rate of between 800 and 1,000 cars a day,
Satinet said. Then will come a replacement for the Saxo, which will use the
same platform as the C3, and later a luxury car, the C6, which will cost
around 300,000 francs ($43,400) and will have an initial production rate of
100 cars a day, he told the paper.
Peugeot last year passed General Motors Corp. and Ford Motor Co. to become
Europe's No. 2 carmaker after Volkswagen AG as its stylish cars met with
strong demand in France and Spain, its two biggest markets.
Apr/18/2000 2:50
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