Peugeot drives to profit despite pandemic hit

Peugeot maker PSA announced a profit of €595m for the first six month of 2020, down from €1.83m last year 

Despite a drop in sales, Peugeot made a €595m profit from January to June 2020

Peugeot maker PSA delivered a profit in the first half of the year even as the Covid-19 pandemic hit revenue, and said a strong sales rebound in June in its core European markets had extended into July.

The French carmaker, which suffered like rivals as dealerships closed and which halted production as the outbreak spread from China to Europe and the US also said it was sticking with its mid-term profit margin target.