france to offer peugeot credit help
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

France to offer Peugeot credit help

Arab Today, arab today

Arab Today, arab today France to offer Peugeot credit help

Paris - UPI

The French government plans to help automaker Peugeot Citroen keep a factory near Paris running, a source told The New York Times. The source said President Francois Hollande\'s administration is poised to announce a plan in which it will offer the troubled automaker $9 billion in credit guarantees in exchange for saving thousands of jobs that the company was planning to shed, the Times reported Tuesday. Peugeot faces rising borrowing costs after the Oct. 12 downgrade of the company\'s credit rating by Moody\'s Investors Service. Fitch Ratings has also downgraded the company\'s rating. While that will make it more difficult for Peugeot to compete with other automakers, the move to provide credit guarantees, which should give investors more confidence in the company, is expected to be challenged by other automakers who will say the French government\'s intervention is unfair to them. As part of the deal, the government is expect to include a demand that it be given a seat on the company\'s board of directors. The auto industry in Europe is caught up in a continent-wide slump. Auto sales in Europe were down 10.8 percent in September compared to September 2011. Peugeot has been stumbling for some time, in part due to its line up of low margin vehicles. In February, it sold 7 percent of its stock to General Motors. That deal thrust GM into the position of being the automaker\'s second largest shareholder after the Peugeot family.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france to offer peugeot credit help france to offer peugeot credit help

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france to offer peugeot credit help france to offer peugeot credit help

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday