STOCK MARKET VIEW - Lion not up to scratch

STOCK MARKET VIEW - Lion not up to scratch
Investors raise loss estimates for shaky Peugeot
Published: Wed, 04 July 2012 20:16:02 GMT
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Will red ink continue into 2013? - Alliance with GM applauded, but any gains are over the horizon

PSA Peugeot-Citroën is the mass car maker causing investors most concern, and Citigroup Global Markets is the latest to express dismay at its prospects, raising its automotive division’s loss forecast for 2012 to more than €900 million, and worrying 2013 will see more red ink.

On the plus side, Citigroup praises Peugeot-Citroën for its actions in selling assets to raise cash, and setting up an alliance with General Motors ..more

Plant closure news expected

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