I'm not all that surprised. PSA makes some remarkably crappy cars, even by today's standards. I suspect that their decision to remain independent and French (virtually locking their passenger car business to France's onerous and ossified corporate legal environment), has a lot to do with their falling fortunes. By comparison, Renault has been relying increasingly heavily on its Nissan division increasing model and component sharing between all brands and greatly expanding production at facilities all over the world, instead of just France. As a result, Renault is thriving and in a far better position to weather regional economic shifts than PSA is.