24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

French Government Close to PSA Peugeot Citroën Bailout Agreement

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.http://www.ft.com/cms/s/0/1f689b30-1d01-11e2-abeb-00144feabdc0.html#ixzz2A7liBdeJ

France is close to agreeing an effective bailout of PSA Peugeot Citroën, which would see the government providing between €5bn and €7bn of financial guarantees to the ailing carmaker’s lending arm.

The move would mark the biggest intervention by France’s government in the country’s car industry since 2009, when it extended Peugeot and Renault €6bn of low-interest loans to bolster their liquidity after the banking crisis.

Source: FT. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.