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 […]