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Oct. 23, 2019, 1:51 a.m. EDT

Peugeot revenue boosted by new launches

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By Max Bernhard

Peugeot SA said Wednesday that revenue edged higher in the third quarter, helped by new product launches.

Revenue rose to 15.58 billion euros ($17.35 billion) from EUR15.43 billion a year earlier, the French auto maker  said. New model launches offset lower sales to partners and exchange-rate effects, including from hyperinflation in Argentina, it said.

The group said it now expects automotive markets to decrease by 1% in Europe, 5% in Latin America, 7% in China and 2% in Russia. When reporting figures for the first half of the year, Peugeot had still expected a decrease by 4% in Latin America and growth of 3% in Russia.

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