Peugeot, whose losses led to a French government-backed bailout earlier this year, may already be close to an important recovery milestone: a return to the country’s benchmark CAC-40 stock index.
Tag Archives: PSA Peugeot-Citroen
Is 2013 the Year of Turmoil in the Auto Industry
In Late October 2012, Ford announced the closing of its plants in Southampton and Dagenham. Combined the two closures will see 1400 jobs lost including logistics and support jobs.
Peugeot announces huge losses and factory closure
PSA Peugeot-Citroen (to give the company its official title) has said it is currently losing £90 million per month and will close its big Aulnay factory near Paris and reduce output at its Rennes factory as well, with a total loss of 8,000 jobs. The company is also burning its way through £150 million in cash per month, which is even more serious than the losses. As accountants like to say, “Profit is a concept, but cash is a fact”
