Peugeot Reports First Loss in Three Years as Auto Market Plunges

Peugeot Reports First Loss in Three Years as Auto Market Plunges

Balint Porneczi/Bloomberg

Peugeot’s plan to eliminate 11,200 jobs and close a factory in the outskirts of Paris are on hold after a French court said last month that the automaker can’t cut the positions until car-component manufacturer Faurecia SA fully informs workers about the effects of the carmaker’s restructuring.