PSA 3

A 7 BILLION EURO PLEDGE FOR PSA ?

IN EXCHANGE FOR FRENCH CREDIT GUARANTEES WORTH AS MUCH AS 7 BILLION EUROS, THE FRENCH GOVERNEMENT WILL DEMAND  THAT THE STRUGGLING AUTOMAKER SPARE SOME OF THE 8000 JOBS IT PLANNED TO CUT, MAKE CHANGES IN GOVERNANCE AND GIVE THE STATE A SEAT ON THE COMPANY’S BOARD.

SOURCE : IHT.

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