Daily Digit: Peugeot Defends Recovery Plan
( 01:27 )
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VIDEO DESCRIPTION:

Five billion euros is today's daily digit - the biggest ever net loss at PSA Peugeot Citroen. It's a huge drop from a year ago and is mainly due to a 4.7bln euro asset writedown. That was taken in response to a collapsing car market in Europe. The French car maker's CEO is Philippe Varin

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