Peugeot’s Auto Division May Report Second-Half Loss
This article is for subscribers only.
PSA Peugeot Citroen, Europe’s second-largest carmaker, said its auto unit may lose money in the second half as demand in the main European market slumps.
The manufacturing arm will be “close to breakeven” in the latter half of 2010 after earning 525 million euros ($683 million) in the first six months, Chief Executive Officer Philippe Varin said. The shares fell as much as 5.9 percent.