PSA was last year France's third largest exporter
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  1. #1
    1000+ Posts gerry freed's Avatar
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    Default PSA was last year France's third largest exporter

    PSA provided 4.7 billion euros of positive balance of payments by exporting 310,000 vehicles. That was up 5.3% on 2013

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  2. #2
    Real cars have hydraulics DoubleChevron's Avatar
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    how's that going to work out once most of the vehicles will soon be made in 3rd world countries (which most manufactures seem to be leaning towards)
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    1000+ Posts Kim Luck's Avatar
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    Frances economy is great:

    The French government has run a
    budget deficit each year since the early 1970s. In mid-2012, French government debt levels reached €1,833 billion.This debt level was the equivalent of 91% of French GDP.

    France is the world-leading country in nuclear energy, home of global energy giants Areva,EDF and GDF Suez: nuclear power now accounts for 78% of all electricity production.

    The French agricultural sector received almost €11 billion in EU subsidies.

    France is also the fourth largest weapons exporter in the world. French manufacturers export great quantities of weaponry to the United Arab Emirates, Brazil, Greece, India, Pakistan, Taiwan, Singapore and many others.
    Don't it always seem to go that you don't know what you've got 'til it's gone............

  4. #4
    1000+ Posts gerry freed's Avatar
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    Quote Originally Posted by DoubleChevron View Post
    how's that going to work out once most of the vehicles will soon be made in 3rd world countries (which most manufactures seem to be leaning towards)
    This is presented as a good news story but is actually a serious competitive constraint for PSA, stuck with manufacturing in one of the most expensive countries with cost burdens to fund those deficits. It also operates in an environment in which capitalists and business owners are demonised by unions behaving as antagonists instead of partners. It is just like the British scene which shut down the Midland car factories. Today, car manufacture is a capital deployment game and not skill driven. With the growth markets being in emerging economies whose incomes and social welfare lag behind France, they have to manufacture within the cost structures of those economies.
    The transition to globalised industry is a tough call for the French who run the risk of being marginalised if they don't join in.
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