H1 2013 results and state guarantees bring welcome relief for PSA

Having weathered a consistent drip of bad news for many months, PSA Peugeot Citroen has ended July with a rare glimpse of something more positive. European Commission (EC) approval for the French state’s €7bn (US$9.28bn) of guarantees for Banque PSA Finance (BPF) was not unexpected, but confirmation has been welcomed Subscribe to Automotive World to … Continued

• By Martin Kahl
• July 31, 2013