PSA's Financing Unit Set To Win EU Approval For State Aid By Next Week

A $9.25 billion (€7B) loan guarantee from the French national government for the Banque PSA Finance arm of PSA/Peugeot-Citroen, Europe’s second largest car company, will likely gain approval from European Union regulators next week, according to sources cited by Reuters and Bloomberg.

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  • ToolGuy I was challenged by Tim's incisive opinion, but thankfully Jeff's multiple vanilla truisms have set me straight. Or something. 😉
  • ChristianWimmer The body kit modifications ruined it for me.
  • ToolGuy "I have my stance -- I won't prejudice the commentariat by sharing it."• Like Tim, I have my opinion and it is perfect and above reproach (as long as I keep it to myself). I would hate to share it with the world and risk having someone critique it. LOL.
  • SCE to AUX Sure, give them everything they want, and more. Let them decide how long they keep their jobs and their plant, until both go away.
  • SCE to AUX Range only matters if you need more of it - just like towing capacity in trucks.I have a short-range EV and still manage to put 1000 miles/month on it, because the car is perfectly suited to my use case.There is no such thing as one-size-fits all with vehicles.