PSA Peugeot Citroën welcomes the €3 billion loan from the French State
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.
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.