Peugeot records largest ever loss

Peugeot Citroen recorded a historic 5 billion euro (£4.3 billion) loss last year after Europe's slumping car market forced France's largest manufacturer to take a 3 billion euro (£2.6 billion) financial charge in its annual accounts.

The Paris-based group says its annual loss, the largest in its history, "reflects the deteriorated environment in the automotive sector in Europe".
%VIRTUAL-SkimlinksPromo%