Peugeot car firm posts 15% sales rise on Iran boost

Global sales at French carmaker PSA which includes Peugeot and Citroen jumped 15% last year as strong growth in Iran and Latin America helped to offset difficulties in the UK and China.

The owner of the Peugeot brand sold 3,632,300 vehicles in 2017, it said, a day after its domestic rival Renault announced a similarly robust performance. Shares in PSA climbed almost 2%, valuing the manufacturer at €16.4bn.