French automobile maker PSA Peugeot Citroen returned to profit as the company recorded a net profit of €1.2 billion after a successful 2013 restructuring and rising demand.
In 2013, France’s biggest car maker was close to default and the French state decided to support the company’s restructuring plan, named “Back in the Race.” The European Commission had approved the state aid, which amounted to €571.9 million. Moreover, Chinese investors contributed to the restructuring program and accordin...
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