Research (J&T BANKA)
World markets  |  October 24, 2012 10:03:43

Peugeot-Citroen Results for 3Q beat market expectations, plans, government support

Peugeot announced sales results for 3Q, when sales totaled 12.93 billion. That surpassed analyst expectations 12.68 billion debt firms should increase from 2.5 billion in mid-year to 3 billion at the end. The French government will also guarantee the company to 7 billion euros of new loans should obtain financial divisions Peugeot (Banque PSA Finance). Thus Peugeot obtain cheaper financing, and will also be able to offer cheaper loans to purchase new vehicles. In return for state assistance to the Board will be substituted one representative of the State and one representative of trade unions. Peugeot also review the plans for restructuring and laying off fewer workers.State assistance may Peugeot krátkoodobě help, but also blocking efforts to reduce costs and restukturalizaci company. The company also confirmed the alliance with General Motors (Opel owner), which should bring both companies to an annual savings of $ 2 billion.

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Výsledky Peugeot-Citroenu za 3Q překonaly odhady trhu, chystá se vládní podpora

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