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 ...

Premium Content (PAID Subscription Required)

"PSA Tightens Belt" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.