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Peugeot gets temporary EU approval for French state aid


Peugeot's financing arm, Banque PSA Finance, was granted temporary EU approval for 1.2 billion euros of bonds backed by the French state. However, the carmaker now must justify the state-aid package aimed at saving it from collapse. The European Commission said Banque PSA Finance will be able to sell three-year bonds backed by the French government for the next six months. ...
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French prime minister says Peugeot stake not on the agenda
France's Prime Minister said the state has no current plan to buy a stake in ailing carmaker PSA Peugeot Citroen. The comments came a day after Peugeot took a 4.1 billion ...
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PSA Peugeot Citroen is set to announce a multi-billion euro writedown on its non-performing assets, according to a report from Reuters citing two people familiar with the situation. The French carmaker ...
PSA Peugeot Citroen transfers half of Aulnay plant’s workforce to Poissy
PSA Peugeot Citroen convinced its employees to close the Aulnay plant earlier than scheduled, by moving half of the workforce to the Poissy plant. The French carmaker's restructuring measures have divided ...
Workers disrupt production at PSA Peugeot Citroen Aulnay plant
Around 200 French workers from the Aulnay plant north of Paris are disrupting production, protesting layoffs and the planned closure of the facility. France's largest automaker has announced it will cut ...
Peugeot unveils battery-free hybrid technology
PSA Peugeot Citroen on Tuesday unveiled a hybrid vehicle concept that combines a conventional engine with compressed nitrogen propulsion. The French carmaker says the pioneering solution would halve the cost of ...
PSA Peugeot Citroen shares rise on rumours about Faurecia sale
PSA Peugeot Citroen shares rose sharply on Monday on rumours the automaker could sell its Faurecia auto parts maker to reduce debt. Peugeot shares rose as much as 13 percent after ...
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Sergio Marchionne proposed a mega-merge between Fiat, Peugeot Citroen and Opel in exchange for a stake in the new company. Marchionne also said he was willing to take the struggling GM’s ...

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