Reason.com - Free Minds and Free Markets
Reason logo Reason logo
  • Latest
  • Magazine
    • Current Issue
    • Archives
    • Subscribe
    • Crossword
  • Video
    • Reason TV
    • The Reason Roundtable
    • Just Asking Questions
    • Free Media
    • The Reason Interview
  • Podcasts
    • All Shows
    • The Reason Roundtable
    • The Reason Interview With Nick Gillespie
    • The Soho Forum Debates
    • Just Asking Questions
  • Volokh
  • Newsletters
  • Donate
    • Donate Online
    • Donate Crypto
    • Ways To Give To Reason Foundation
    • Torchbearer Society
    • Planned Giving
  • Subscribe
    • Reason Plus Subscription
    • Gift Subscriptions
    • Print Subscription
    • Subscriber Support

Login Form

Create new account
Forgot password

Politics

French Government Close to PSA Peugeot Citroën Bailout Agreement

Will provide at least €5 billion of financial guarantees

Reason Staff | 10.23.2012 9:16 AM

Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL Add Reason to Google
Media Contact & Reprint Requests

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.

Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.

This field is for validation purposes and should be left unchanged.

NEXT: Obama Out Flip-Flops Romney

Reason Staff
PoliticsPolicyEconomicsWorldFranceBailouts
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL Add Reason to Google
Media Contact & Reprint Requests

Show Comments (0)

Latest

A Divided Fed

Liz Wolfe | 10.30.2025 9:30 AM

When the Government Censored Dracula, Frankenstein, and King Kong

Damon Root | 10.30.2025 7:00 AM

Brickbat: Declared Dead

Charles Oliver | 10.30.2025 4:00 AM

Trump's Move To Replace 12 ICE Directors Could Mean More Aggressive and Unconstitutional Immigration Enforcement

Autumn Billings | 10.29.2025 5:20 PM

Trump's 'Golden Dome' Missile Defense Could Cost $3.6 Trillion: Report

Matthew Petti | 10.29.2025 4:36 PM

Recommended

  • About
  • Browse Topics
  • Events
  • Staff
  • Jobs
  • Donate
  • Advertise
  • Subscribe
  • Contact
  • Media
  • Shop
  • Amazon
Reason Facebook@reason on XReason InstagramReason TikTokReason YoutubeApple PodcastsReason on FlipboardReason RSS Add Reason to Google

© 2025 Reason Foundation | Accessibility | Privacy Policy | Terms Of Use

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300