Peugeot-Citroen losses could hit 2 billion in 2009

摘要

Target of breakeven in 2010 looks less likely. Peugeot-Citroen warned investors that losses could reach 2 billion in 2009 if France doesn't extend its scrapping incentive scheme. Losses will reach at least 1 billion, said Peugeot. If France doesn't extend the scrapping scheme past the end of 2009, Peugeot-Citroen will have to cut production in the 4th quarter. In 2008, Peugeot-Citroen made a 367 million operating loss.