Peugeot loses £637m in first half

Car maker PSA Peugeot Citroen says it lost 819 million euros (£637 million) in the first half of the year, underscoring the difficulties the company faces amid a looming battle with the French government over its restructuring plan.

The maker of two-thirds of France's cars is in a tailspin amid a deepening recession in many of its most important markets in southern Europe.