PSA closes European plant due to COVID-19 until March 27

Currently, COVID-19 continues to spread in Europe. On March 17, PSA Group decided to successively close its car manufacturing plants in Europe until March 27.

Closed on March 16: Mulhouse, France; Madrid, Spain.

Closed on March 17th: Poissy, France; Rennes, France; Sochaux, France; Zaragoza, Spain; Eisenach, Germany; Rüsselsheim, Germany; Ellesmere Port plant, UK; Gliwice plant, Poland.

Closed on March 18: Hordain, France; Vigo, Spain; Mangualde, Portugal.

Closed March 19: Luton, UK; Trnava, Slovakia.

In 2019, PSA Group's global car sales reached 3.5 million units, of which 765,000 were general-purpose light commercial vehicles, including 554,000 light commercial vehicles in a narrow sense and 211,000 light commercial vehicles derived from passenger vehicles. The market share of the European light commercial vehicle market was 25.1%, and the Group's leading position in this segment was consolidated.

Financially, PSA Group's overall revenue in 2019 reached 74.731 billion euros, an increase of 1.0% year-on-year. The Group's automotive business revenue reached 58.943 billion euros, a year-on-year increase of 0.7%. The successive shutdowns of the plant will inevitably affect the sales and financial performance of PSA Group in 2020. However, due to the current severe situation in Europe, the group chose to prioritize health issues.