PSA Group Remains A Great Restructuring Play [Seeking Alpha]
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Source: Seeking Alpha
Summary PSA Peugeot Citroen ( OTCPK:PUGOY ) has recently reported an impressive performance, with earnings above expectations and early indications of a successful integration of Opel. Nevertheless, its valuation is still very attractive, making it a good long-term restructuring play. Opel Integration PSA Groupe is a French carmaker, manufacturing and selling cars under five brands: Peugeot, Citroen, DS, Opel, and Vauxhall. The company produces more than 3.6 million cars each year, being the second-largest automaker in Europe behind Volkswagen ( OTCPK:VLKAY ). It also has a significant automotive parts business through its stake of 46% in Faurecia ( OTCPK:FURCF ). Peugeot has recently reported Q2 earnings, reporting very good results regarding the integration of Opel. As I’ve discussed previously , Peugeot has a very good restructuring history of its own business, following the implementation of its current business strategy in 2014. To accelerate
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