Peugeot to Cut 1,500 Jobs as Europe Sales Plunge

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.

RM Sotheby's Offers Nine Decades of Automotive History
11:27 - Alain Squindo, chief operating officer at RM Sotheby's, discusses the upcoming auction of classic automobiles in Detroit, Michigan, offering a wide selection of luxury automotive history. He speaks on "Bloomberg Markets." (Source: Bloomberg)
  • El-Erian: Market Too Complacent About Fed Rates
  • ETFs Capitalize on Current Events for Investors
  • Shiller: Normally Rising House Prices Are Now Flat