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Lamborghini reaches sales record, PSA global sales up 15%
![Lamborghini reaches sales record, PSA global sales up 15%](https://biz-file.com/c/1801/425622.jpg?2)
Lamborghini - owned by the owned by German giant Volkswagen - said in a statement that it was the seventh consecutive year of sales growth and deliveries have now almost tripled since 2010.
"In 2017, Lamborghini has proven to be in consistently good shape," CEO Stefano Domenicali said in a statement.
The performance was "all the more remarkable" given the fact that the carmaker was preparing the launch of new models and doubling capacity at its main factory in Sant'Agata Bolognese, the CEO said.
Lamborghini is planning to launch a new sports utility vehicle, called the Urus, this summer, which is designed for even the most difficult terrains.
Lamborghini has increased the size of its production site from 80,000 square metres to 160,000 square metres, which will enable it to double production next year.
PSA says global sales up 15% in 2017
French carmaker PSA Peugeot Citroen says that its global sales rose by 15.4% last year, powered by the first-time consolidation of the newly-acquired Opel and Vauxhall brands, while sales in China and Southeast Asia plunged.
PSA said in a statement it sold a total 3.63 million cars worldwide in 2017, putting it behind rival Renault, which delivered some 3.76 million cars to customers, for the second year in a row.
Excluding Opel and Vauxhall, which the group acquired from General Motors last year, sales advanced by just 2.6%, the statement said.
Sales of Peugeot-brand cars jumped by 10.4%, driven by the success of its sports utility models.
By contrast, Citroen sales declined by 7.5%, and PSA's high-end brand, DS, sustained a drop in sales of as much as 38.5 percent.
In China, the world's biggest car market, and in Southeast Asia, PSA booked a decline in sales of 37.4% to 387,000 units.
At the same time, sales in the Middle East and Africa region sped ahead by 54.5% to 592,000 units, "notably driven by the group's dynamic performance in Iran," PSA said.
Source: AFP
Source: I-Net Bridge
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