French Government Close to PSA Peugeot Citroën Bailout Agreement
Will provide at least €5 billion of financial guarantees
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 email@example.com to buy additional rights.http://www.ft.com/cms/s/0/1f689b30-1d01-11e2-abeb-00144feabdc0.html#ixzz2A7liBdeJ
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.