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12France unveils green incentive to rescue auto industry

PSA Peugeot Citroën and the French goverment have been negotiating how to repair the company's business position without ruining the new government's promises to the electorate. At last count, Peugeot wants to send 14,000 workers home for good, close a factory in Aulnay, and trim some of its 25% overcapacity. The automaker desperately wants to sell more cars to help it stop losing €200 million ($246M U.S.) per month. The government has already nixed the most drastic plans, but it needs

26France unveils green incentive to rescue auto industry

PSA Peugeot Citroën and the French goverment have been negotiating how to repair the company's business position without ruining the new government's promises to the electorate. At last count, Peugeot wants to send 14,000 workers home for good, close a factory in Aulnay, and trim some of its 25% overcapacity. The automaker desperately wants to sell more cars to help it stop losing €200 million ($246M U.S.) per month. The government has already nixed the most drastic plans, but it needs

36Peugeot stock jumps on word it could shed 10,000 jobs

Peugeot's recent announcement about job cuts has caused a number of different reactions. When the French firm previously attempted to shed 6,000 jobs, company CEO Philippe Varin was called to Elysées Palace – the French White House – and then-president Nicolas Sarkozy suggested to him, in one of those ways that Varin couldn't refuse, that Peugeot reconsider, which it did. But there's a new president in the big house now, and Peugeot's position has gotten more dire, which has l

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