← Back to: "EU Approves France's Bailout of PSA Peugeot Citroen"
PSA gets bailed out
"US President Obama's administration coined the phrase "too big to fail" some five years ago when the government had to bail out the automakers to prevent massive job losses. As you all know, Europe's second largest automaker is also under threat of closing. PSA Peugeot Citroen has taken steps towards streamlining its lineup of models and cutting jobs that aren't needed, but it may all be too little too late if the French government doesn't offer support. Sadl..." Continue Reading →
Photo credits: Peugeot
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