BREAKING NEWS

BREAKING NEWS

Peugeot Citroen anticipates tough year

Now Reading:

Peugeot Citroen anticipates tough year

Text size Aa Aa

PSA Peugeot Citroen has said its losses widened to almost 690 million euros last year.

The French carmaker believes trading conditions will continue to be tough in 2010 but it is counting on cost cuts to help it cope.

Declining to give a business forecast beyond mid-year, Chief Executive Philippe Varin said Peugeot Citroen expected the European market to decline nine percent this year.