France: PSA ups cost savings and asset sales for 2012

PSA Peugeot Citroen has reported a recurring operating loss in its Automotive Division of €497m (US$654m) in the second half of 2011, overturning the profit of €405m seen in the first half of the year. However, positive contributions from other divisions – Faurecia, Gefco and Banque PSA Finance – resulted Subscribe to Automotive World to … Continued

• By Webmaster
• February 15, 2012