Peugeot maker sees shrinking Europe market after good 2019


PARIS: Peugeot maker PSA Group has turned more pessimistic about the outlook for the car industry this year, predicting a decline in the European and Russian auto markets following record results in 2019.

The French manufacturer that’s working to combine with Fiat Chrysler Automobiles NV sees the European car market shrinking 3% in 2020 and Russia declining 2%, according to a statement Wednesday.

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