Ron Burgundy Posted October 24, 2012 Share Posted October 24, 2012 PARIS (Reuters) - PSA Peugeot Citroen unveiled a government-backed refinancing deal for its lending arm as the struggling French automaker's financial position deteriorated further, sending its stock to historic lows. Europe's second-biggest automaker said it was close to an agreement with creditor banks on 11.5 billion euros ($14.9 billion) of refinancing and had won state guarantees on 7 billion euros in further borrowing for its Banque PSA Finance. ... http://news.yahoo.com/peugeot-gets-government-rescue-crisis-deepens-091749245--finance.html Quote Link to comment Share on other sites More sharing options...
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