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Tag Archives | Citroen

Peugeot-Citroen Makes Progress, But Remains Challenged

Generated Cash In First Half, Thanks In Part To Slashed Spending. Peugeot-Citroen looks to be in slightly better financial shape than feared, but still faces a tough route back to break-even, according to investment bankers. In the first half of 2013, Peugeot-Citroen’s automotive losses shrank to €510 million, better by €147 million compared with the […]

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No Progress Expected On Peugeot-Citroen Losses

Weak Demand, Big Discounts Continue To Plague The Company “Peugeot-Citroen may be forced to undertake further cost-saving measures in order to achieve its target” Financially troubled Peugeot-Citroen, which has pledged to break-even by  the end of 2014, will make no progress this year in attacking its chronic losses and will generate red ink at the […]

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Peugeot-Citroen May Have To Make More Cuts

Moody’s Sees Black Numbers in 2014 Peugeot-Citroen’s target of breaking-even by 2014 looks tough because of deteriorating markets even if it carries out its current plan impeccably, said Moody’s Investors Service as it cut the company’s rating again. Losses will continue into 2013 and further tough action might be required, Moody’s said. Peugeot-Citroen reported an […]

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Peugeot Prospects Gloomy Despite Plant Action, Cost Cutting

Possible Strike Action, Renewed Market Weakness, Worry Investors “Benefits from the launch of the Peugeot 208 will be more than offset by the extremely tough operating environment in 2012” Peugeot-Citroen’s huge first half losses were no surprise to investors, but despite action to sell assets, shut a plant, and cut costs the company’s prospects still […]

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Peugeot-Citroen Ratings Cut As Profits Slip Away

Investors Await Cost-Cutting, But Plan Delayed By Election Peugeot-Citroen’s financial ratings were cut by Fitch because its profitability is being undermined by Europe’s crumbling economy. Fitch Ratings said Peugeot-Citroen’s profits were under pressure because weak corporate and consumer confidence, rising unemployment and persistent uncertainty from the government debt crisis were undermining car sales. Fitch cut […]

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