Booming Chinese sales have been helping PSA Peugeot Citroen.<br /><br />Between July and September its revenue increased by 1.6 percent to 2.3 billion euros.<br /><br />There was a 55 percent surge in deliveries in China, while other regions struggled<br /><br />That gives the troubled French carmaker some breathing space as it moves to revive its fortunes through reduced costs, a streamlining of its model lineup and higher prices.<br /><br />The company had to be rescued in a share issue earlier this year involving the French state and Peugeot’s Chinese partner Dongfeng. Both acquired matching 14 percent stakes in a three billion euro capital increase. <br /><br />Peugeot raised its full-year market forecast for Europe, an area that still accounts for 60 percent of its sales volume, but downgraded estimates for Latin America and Russia.<br /><br />When combined with sales proceeds from its Chinese joint ventures with Dongfeng and Changan Automobile Group, the quarterly auto division revenue rose 2.7 percent year-on-year.
