PSA Anticipate Loss Could Reach €2bn

But the automaker added they now predict a decline in European sales of 12% this year – a sunnier forecast than their early 20% figure.
The extent of the loss will depend on how long the French government continues to support the auto industry with subsidies for buying fuel efficient cars and other funding.
PSA say they expect to lose between €1bn and €2bn, which was in line with analysts’ forecasts.