video transcript

16.5 percent is today's daily digit in Europe - the fall in vehicle deliveries at Peugeot Citroen. The troubled French automaker lost ground in its home market, largely thanks to a collapse in demand in southern Europe. It also withdrew from Iran, where it had sent car kits for assembly. The group's global sales volume dropped below 3 million in 2012 from more than 3.5 million a year earlier. It hasn't given any sales objective yet for this year, but it's predicting the European market will drop a further 3-5 percent. It's market share in Europe also fell half a percent to 12.7. Sales in China did increase. And Peugeot stressed finding new markets was still a priority - it hopes at least half its sales will be outside Europe by 2015.