PARIS--(BUSINESS WIRE)--Regulatory News:
Commenting, PSA (Paris:UG) Managing Board Chairman Carlos Tavares said: "Our "Excellent Plant" programme, part of the Back in the Race plan, has made our factories worldwide more competitive. In particular, quality has improved significantly and production costs are down sharply. This reflects a daily effort that needs to be pursued over the long term. I want to congratulate our teams on the agility and commitment they have shown by bringing our French plants up to world-class level".
With its solid manufacturing base in France, PSA Peugeot Citroën has once again made a positive contribution to the country's trade balance, with a €5.226 billion* surplus and a net export volume of 324,000 vehicles, up 4.3% on 2014.
PSA Peugeot Citroën produced more than 995,000 vehicles in France in 2015, a 2.5% rise on 2014 and equivalent to 33% of global production. This puts it a year ahead of schedule on fulfilling the commitment in the New Social Contract to manufacture 1 million vehicles in France by 2016. As a result, PSA was once again the No 1 carmaker in France in 2015. Furthermore, the Sochaux-produced Peugeot 308 is now the top-selling car in the country.
*New vehicles, CKD units and replacement parts.
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