Small cars remain the volume leaders for PSA.
PARIS – PSA Peugeot Citroen, stung by the economic slowdown and price wars with its small-car rivals, has fallen into the red this year. CEO Philip Varin tells government officials the auto maker will record a loss in the second half of 2011, compared with earnings of E405 million ($525 million) in the first six months. He spoke with the government, which has an interest in keeping jobs in France, a day before PSA met with its workers committee to detail the 4,300 jobs that will ...
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