Layoffs at Peugeot Signal France's Deepening Problems
A bug-eyed little car known as the deux chevaux (meaning two horsepower) was an icon of the French car industry for more than four decades. Now, PSA Peugeot Citroën, whose Citroën unit produced the deux chevaux until 1990, has become an emblem of France’s deepening economic woes—and a key test for its new president, Socialist François Hollande.
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