Peugeot plunges into record 5.0-bn-euro loss in 2012 | Bangkok Post: news

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Peugeot plunges into record 5.0-bn-euro loss in 2012

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French automaker Peugeot Citroen reported a record loss of 5.0 billion euros on Wednesday but said it was on the road to recovery from crisis, and the government insisted that nationalisation is not on the agenda. 

Workers of PSA Peugeot Citroen demonstrate in front of a Peugeot store on February 12, 2013 in Paris. French automaker Peugeot Citroen reported a record loss of 5.0 billion euros on Wednesday but said it was on the road to recovery from crisis, and the government insisted that nationalisation is not on the agenda.

PSA Peugeot Citroen, the biggest French carmaker and Europe's second-biggest after Volkswagen, shocked France in the middle of last year when it announced huge job cuts and a plan to shut a plant near Paris.

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