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PSA Still Burning Cash, Banque PSA Downgraded To Junk

Despite a plan for a financial turnaround by 2015, PSA projected a cash burn rate as much as 1.5 billion euros for 2013. Meanwhile, PSA’s finance arm had their bonds downgraded to junk status.

Derek Kreindler Feb 15, 2013

Recent Comments

Parkave231 I'd rather they remember how to manufacture the things they have before adding more trims and options.
SCE to AUX "as if 775 lb-ft of torque in a pickup isn’t enough"Exactly. How about doing something hard instead, like getting your electric truck to meet 'truck' expectations first? That would sell better than a Raptor-like truck.
Akear They sell only 20,000 Mustang EVs a year. They better keep the current Mustang!
Jkross22 We're thinking about the 500e all wrong. This is a 'new' old car. All of the tooling and R&D is done. Easy way to move an 'Italian' car up market and boost fleet MPG. Plus... dealers can move all unsold models into demo/fleet usage so when Jeep and Durango owners come in for service, they can use this as a loaner.
Namesakeone Oh boy, oh boy, oh boy. A light truck coming from Ford. We have never seen anything like it. (This is me trying to sound like I'm excited.)

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PSA Still Burning Cash, Banque PSA Downgraded To Junk

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