Peugeot's (PEUGY.PK) disappointing falloff in profit - €588M in 2011 from €1.13B in 2010 - spurs...

|About: Peugeot S.A. ADR (PEUGY)|By:, SA News Editor

Peugeot's (PEUGY.PK) disappointing falloff in profit - €588M in 2011 from €1.13B in 2010 - spurs it to consider selling assets and implementing more cost-savings measures. The automaker expects the core European car market to contract by 5% this year with the French market forecast to fall by as much as 10%.