PSA’s Auto Division Loses €1.5bn In 2012 As Europe Woes Bite

  Although PSA Peugeot Citroen Managing Board Chairman Philippe Varin has highlighted his belief that the foundations for the company’s rebound were laid in 2012, the past year will, at least initially, be remembered for the €1,504m (US$2.0bn) recurring operating loss suffered by the OEM’s Automotive Division. This loss, €842m of Subscribe to Automotive World … Continued

 

Although PSA Peugeot Citroen Managing Board Chairman Philippe Varin has highlighted his belief that the foundations for the company’s rebound were laid in 2012, the past year will, at least initially, be remembered for the €1,504m (US$2.0bn) recurring operating loss suffered by the OEM’s Automotive Division. This loss, €842m of

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