French government give Peugeot guarantee

The French government has offered to guarantee €7bn of bank lending to Peugeot Citroen, as car sales continue to fall.

French government give Peugeot guarantee
Wed, 24 Oct, 2012 - 17:42

The French government has offered to guarantee €7bn of bank lending to Peugeot Citroen, as car sales continue to fall.

Shares in the company dropped sharply as it was announced the government will take a seat on the board

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<p>In the first eight months of the year, 116,099 new cars were registered, a 3.4% increase, of which 20,656 were electric cars representing a 37% year-on-year increase. File picture</p>

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