Strong leadership is helping PSA buck financial trends
I WAS back at the BBC again this week; asked to comment on the many car makers releasing their financial results – and they didn’t make for good reading. Nissan took the headlines with a reported 12,500 jobs going across the world – with folk in Sunderland crossing their fingers that it won’t be them (and I hope it won’t be them, either). That’s off the back of falling sales that resulted in a 94.5 per cent drop in net profit for the first quarter of 2019 – a dreadful stat by any stretch of the imagination. It’s been a torrid time for Nissan of late, with allegations against former boss Carlos Ghosn (that he denies), reported strains in its Alliance with Renault and a product range that has dated quickly. There was…