Modern cars are exceptionally reliable. The same cannot be said for many carmakers. PSA Peugeot-Citroën is the latest to suffer a breakdown. On February 13th the French firm announced a record annual loss of €5 billion ($6.4 billion), mainly the result of huge write-downs of the value of assets across the entire company. It also lost money making cars http://econ.st/YxgA7R
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