Pots and kettles, glass houses and stones – that's a little of what we appear to have going on in the European car market. New reports say that that three European automakers have registered their opposition to a loan deal that PSA/Peugeot-Citroën is working on with the French government. Peugeot's finance arm, Banque PSA Finance, is struggling with its debts and has been downgraded by Moody's to its lowest investment-grade classification, one step above junk. This makes it more expensive for a potential buyer to finance a car through Peugeot.
Autoblog , Ford, Renault, VW shareholder oppose French aid for PSA/Peugeot-Citroën, Ford, Renault, VW shareholder oppose French aid for PSA/Peugeot-Citroën
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