PSA Peugeot Citroen announces writedown
EMBATTLED French auto group PSA Peugeot Citroen has announced a huge writedown of 4.7 billion euros for 2012, due to an extremely difficult European market.
The PSA Peugeot Citroën Group welcomes the €3 billion loan from the French State, which will be used, in particular, to support the Group's programme to develop cleaner, more fuel efficient and more affordable vehicles.