France Proposes Aid for Peugeot's Bank - WSJ.com
The French government signaled on Wednesday that it is ready to rescue the in-house finance arm of PSA Peugeot Citroën SA,
UG.FR +4.06%
the latest alarm bell for the French auto maker, which is bleeding red
ink as the collapse in demand for new cars in Europe undermines its
finances.
French Finance Minister Pierre Moscovici said the
government is looking for help from French banks, and considering direct
state assistance to bolster the finances of Peugeot's in-house banking
arm.
No comments:
Post a Comment