France Floats Peugeot Stake Option After Automaker’s Writedowns

France Floats Peugeot Stake Option After Automaker’s Writedowns

Balint Porneczi/Bloomberg

An employee polishes the hood of a Peugeot 308 automobile, produced by PSA Peugeot Citroen. Peugeot is writing down the automotive division’s property, plants and other assets, which were valued at 14.5 billion euros at the end of June, by 3.89 billion euros.