PSA Peugeot Citroën – Fortune Cookie Future?
PSA Peugeot Citroën reported a first-half operating loss of 510 million euros ($681 million), and a loss of market share in Europe to Volkswagen AG, the continent’s largest automaker. Over-reliance on the sagging European market has eroded PSA’s meagre profitability. Last year, it lost €5-billion and burned through €3-billion …
