PSA Kicked Off CAC 40 Index

Bertel Schmitt
by Bertel Schmitt
psa kicked off cac 40 index

Bad day for PSA and by association partner GM: PSA Peugeot Citroen will be dropped from France’s CAC 40 blue chip stock index, market operator NYSE Euronext told Reuters. To add insult to injury, the former blue chip will be replaced by a Belgian company, chemicals group Solvay.

The Peugeot share lost about three quarters of its value over the past 18 months. If you were so inclined, you could buy a piece of PSA for 6 euros today, down from around 21 euros when GM bought seven percent of PSA.

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  • Dejal1 Dejal1 on Sep 06, 2012

    For some reason I picture Slim Pickens riding the nuclear bomb in Dr. Strangelove. So, does the government still have a hardon for Peugeot? You have to stay on those 1%ers.

  • Oboylepr Oboylepr on Sep 06, 2012

    GM really knows how to pick a winner, don't they?

    • See 3 previous
    • Cdakost Cdakost on Sep 07, 2012

      @TCBRacing What technology are they going to get? PSA is always at the bottom of European reliability lists. Of the bottom 10 cars in the yearly Top Gear survey, at least 6 of them are always either Citroens or Peugeots.

  • Tstag Tstag on Sep 07, 2012

    Don't worry GM has a plan...... Give PSA 2 billion like Fiat to go away and then in a few years time sell up to them.