Automotive Industry Data
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STOCK MARKET VIEW - Lion not up to scratch
Investors raise loss estimates for shaky Peugeot
Published: Wed, 04 July 2012 20:16:02 GMT

Will red ink continue into 2013? - Alliance with GM applauded, but any gains are over the horizon

PSA Peugeot-CitroŽn 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 divisionís loss forecast for 2012 to more than Ä900 million, and worrying 2013 will see more red ink.

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

Peugeot 208 motorshow
Plant closure news expected

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