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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Peugeot    UG   FR0000121501

PEUGEOT

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Peugeot : European automakers tell governments they must help sell electric cars

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09/11/2019 | 08:29am EDT
89th Geneva International Motor Show in Geneva

FRANKFURT (Reuters) - Europe's carmakers are telling governments they must help build electric car charging points and provide consumer subsidies to boost sales of battery-powered vehicles and assist the industry in meeting stringent new emissions rules.

German carmakers are accelerating plans to launch electric vehicles, under pressure from a European Union mandate to deliver a 37.5% cut in carbon dioxide emissions between 2021 and 2030, on top of a 40% cut in emissions between 2007 and 2021.

Industry executives warned at this week's Frankfurt auto show that the EU rules could be disastrous for profits and jobs because mainstream customers were not buying electric vehicles. Instead, consumers are opting for larger sport utility vehicles.

“Our industry is eager to move as fast as possible towards zero-emission mobility. But this transition is a shared responsibility,” said PSA Group Chief Executive Carlos Tavares, who is also president of European auto industry association ACEA. “It requires a 360 degrees approach.”

“Governments across the EU need to match the increasing pace at which we are launching these cars by dramatically stepping up investments in infrastructure. Moreover, they also have to put in place sustainable purchase incentives that are consistent across the EU,” Tavares said.

(Reporting by Ilona Wissenbach; Writing by Edward Taylor; Editing by Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
PEUGEOT 0.04% 24.02 Real-time Quote.28.77%
VOLKSWAGEN AG 0.55% 159.8 Delayed Quote.14.40%
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Financials (EUR)
Sales 2019 74 897 M
EBIT 2019 6 061 M
Net income 2019 3 332 M
Finance 2019 8 270 M
Yield 2019 4,08%
P/E ratio 2019 6,43x
P/E ratio 2020 6,18x
EV / Sales2019 0,18x
EV / Sales2020 0,15x
Capitalization 21 495 M
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Technical analysis trends PEUGEOT
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 25,25  €
Last Close Price 24,02  €
Spread / Highest target 49,9%
Spread / Average Target 5,10%
Spread / Lowest Target -29,2%
EPS Revisions
Managers
NameTitle
Carlos Tavares Chairman-Management Board
Louis René Fernand Gallois Chairman-Supervisory Board
Philippe de Rovira Chief Financial Officer
Henri Philippe Reichstul Member-Supervisory Board
Marie-Hélène Peugeot-Roncoroni Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
PEUGEOT28.77%23 744
TOYOTA MOTOR CORP19.16%190 577
VOLKSWAGEN AG14.40%88 863
DAIMLER AG3.30%56 069
GENERAL MOTORS COMPANY12.94%53 940
HONDA MOTOR CO LTD3.05%47 018