Peugeot Citroen recorded an historic €5bn loss last year after Europe’s slumping car market forced France’s largest manufacturer to take a €3bn financial charge in its annual accounts.

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

French car maker PSA Peugeot Citroen says the government is offering it up to €7bn in financial guarantees, as the ailing car maker announced a new slump in sales.

Peugeot Citroen has a 51% chance of default after the price of insuring its debt surged to a record, according to Bloomberg data.

Germany’s car industry has confounded analyst predictions, again.

Peugeot Citroen said today its sales slumped in the first quarter as Europe’s recession-hit markets caused car sales to collapse across the region’s southern flank.

Peugeot Citroen said today its sales slumped in the first quarter as Europe’s recession-hit markets caused car sales to collapse across the region’s southern flank.

French car-maker Peugeot Citroen is recalling about 22,000 of its C3 Picasso cars in Britain to fix a potential brake problem.

French car giant Peugeot Citroen today became the latest manufacturer to recall some of its models under a “precautionary” move announced today.

Shares in Mitsubishi Motors Corp jumped 18% today following a report that French carmaker PSA Peugeot Citroen will buy a 30 to 50% stake in Japan's fourth largest manufacturer.

FRENCH stocks dropped yesterday, led by Peugeot Citroen, which fell for a second day after yesterday reporting an unexpected loss.

Workers at the UK's Peugeot Citroen factory who will lose their jobs when production ends in the summer of next year faced a “bleak future” in finding other work, a union leader warned today.

Car manufacturer PSA Peugeot Citroen said sales grew by 4.3% in 2002, beating its target of 3,250,000 unit sales, and against a backdrop of a 0.6% decline in the global market.