Destination: India. After closing 2010 with a net profit of 1.13 billion euros, the French group PSAPeugeotCitroenpunta to emerging markets and those Indians and Chinese in particular. In the subcontinent, the company is preparing to land Alps sells vehicles under the brand name of the lion and the Far East is awaiting approval by the antitrust authorities of a second joint venture with Changan, the car manufacturer founded in 1990 to produce commercial vehicles under license from Suzuki which last year broke the alliance with Ford-Mazda.
The group intends to make its entry into India with commercial and industrial activities, resulting in a first stage, a midsize sedan car in a factory which is considering the location. This agreement follows the one made in 2002 by Dongfeng and that has opened the country to the French brand.
The results of 2010 contrast (positively) with those of 2009, which ended with a loss of 1.16 billion euros. The data of the last 12 months are also superior to those of analysts, which estimated a profit of 955 million. If PSA for the European market is expected to remain stable in 2011, as China, Latin America and Russia are expected instead of increasing, respectively, 10%, 4% and 15%. 
The group intends to make its entry into India with commercial and industrial activities, resulting in a first stage, a midsize sedan car in a factory which is considering the location. This agreement follows the one made in 2002 by Dongfeng and that has opened the country to the French brand.
The results of 2010 contrast (positively) with those of 2009, which ended with a loss of 1.16 billion euros. The data of the last 12 months are also superior to those of analysts, which estimated a profit of 955 million. If PSA for the European market is expected to remain stable in 2011, as China, Latin America and Russia are expected instead of increasing, respectively, 10%, 4% and 15%.
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