5,000 million euros said soon, right? Hard to imagine that amount to our economy lost pocket is what PSA in all 12 months of 2012. PSA’s total turnover for the same period amounted to 58,400 million euros, 5.2% less than in 2011. The losses of the automotive division itself (which includes the operations of Citroën and Peugeot) were 1,500 million euros, imputing the remaining losses to other sections of PSA, such as financial, which manages loans for car purchase potential customers.
Wanted PSA dress But these unfortunate results as “positive” in its press release, which states that turning the economic fortunes of the company is underway, ensuring that cost-cutting plans are already in place and working, and raising a 2013 that should be, by force, the better. Not only that, says PSA, along with its partnership with General Motors, the launch of new products and platforms and some restructuring measures, are the foundations for medium-term profitability.
With more than 100,000 jobs directly responsible only in France, the fate of PSA may make the welfare of the countries of the European Union, and you can be sure you will not be disgraced.
