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24Ailing Peugeot writes-down over $5.5B in assets

As Europe's economy continues to suffer, so do automakers. One of the latest pieces of bad news comes from French carmaker Peugeot which says it will write down its assets by $5.53 billion. The figure represents almost 29-percent of the company's property, valued at $19.4 billion in June. Peugeot says it will also take a second-half charge of $325 million for "onerous contracts." Speaking of onerous, The Detroit News notes the "write-downs are more than double Peugeot's current market value." Yi

50Ford of Europe denied small coupe, Mustang viability questioned

Too often, we find ourselves pining for Europe-only versions of cars that will never be sold in the United States, but if a report from Inside Line is to be believed, this is a case in which The Continent's enthusiasts will have to watch from afar gets. Ford of Europe is seeking a new coupe that would be smaller than the Mustang, but be positioned as a halo car for the American automaker's European division.

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