Can China Save Peugeot? - Presented by: The Aol. On Network

It's already cutting jobs and plants, now PSA Peugeot Citroen is banking on a 1.1.billion euro writedown to help it stay afloat. It applies to overseas operations only but highlights the seriousness of the crisis facing the French automaker. It's been hit harder than most by the downturn in the European car market. A significant Chinese tie-up - alongside state intervention - could well be the next move.



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