Peugeot Heirs Bet on Nursing Homes in Switch From Autos

Peugeot Heirs Bet on Nursing Homes in Switch From Autos

Balint Porneczi/Bloomberg

Peugeot, Europe’s second-largest carmaker after Volkswagen AG, lost 662 million euros ($865 million) at its auto operations in the first half as it burned through 200 million euros a month in cash.