Peugeot to Cut Additional 1,500 Jobs as Sales Fall

PSA Peugeot Citroen, Europe’s second-largest carmaker, will eliminate an additional 1,500 jobs by 2014, deepening its workforce reduction as auto sales in the region plunge to a 17-year low.

Where Are Global Stocks Headed in the Second Half?
35:55 - Thomas Poullaouec, State Street Global Advisors' head of strategy and research for the Investment Solutions Group (ISG), Asia-Pacific, discusses the outlook for global stocks with Bloomberg's Yvonne Man on "Daybreak Asia." (Source: Bloomberg)
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