PSA/Peugeot-Citroen won European Union approval for the French government to guarantee 7 billion euros ($9.28 billion) in bonds for its banking unit. The guarantee will help keep the General Motors partner afloat as it struggles to rein in losses.
PSA/Peugeot-Citroen won European Union approval for the French government to guarantee 7 billion euros ($9.28 billion) in bonds for its banking unit. The guarantee will help keep the General Motors partner afloat as it struggles to rein in losses.