Arab Today, arab today france to \back peugeot\ with bank guarantees
Last Updated : GMT 02:14:18
Arab Today, arab today
Arab Today, arab today

France to \'back Peugeot\' with bank guarantees

Arab Today, arab today

Arab Today, arab today France to \'back Peugeot\' with bank guarantees

Paris - AFP

France will support the financial arm of France\'s struggling automaker PSA Peugeot Citroen with 5.0 to 7.0 billion euros ($6.5 to $9 billion) in bank guarantees, a source close to the matter told AFP. At a meeting on Monday, the government and the carmaker agreed to include on the company\'s supervisory board an outside administrator who will keep the French state informed, as well as a workers\' representative, the source said.

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