European cars making gains in small car sales

Sierra Leone News.Net
Saturday 26th July, 2008

European car makers Volkswagen, Peugeot Citroen and Fiat have come up with better than expected results to defy gloomy forecasts.

All three have maintained their targets for this year, with sales soaring in emerging markets such as Brazil, Russia, India and China.

The car makers have seen better sales of smaller vehicles in response to record fuel costs.

VW’s second-quarter operating profit rose 22%, PSA Peugeot Citroen reported a 32% surge and Fiat posted a 19.6% rise in quarterly profit.

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