Peugeot expects demand

Peugeot expects demand Demand for cars in Western Europe in 2003 will be closer to the expected minimum because of the war in Iraq, suggested on Tuesday the President of the French company car manufacturer PSA Peugeot Citroen Jean-Martin, VW.Earlier in 2003, VW have suggested that the automotive market in Europe can be reduced during the year by two percent. However, he did not rule out demand by 10-15 percent in the case, if the growth of the world economy will be severely affected because of the war."I believed that the reduction will be from zero to two percent in the case, unless there is a serious deterioration in the international situation. But it happened, and negative consequences for Western economies have become inevitable. We will be at the lower limit of forecasts," said VW.09.04.2003.



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