Peugeot Citroen posts $6.7 billion loss for 2012

Associated Press
Peugeot Citroen posts $6.7 billion loss for 2012

PSA Peugeot Citroen Chief Executive Philippe Varin delivers his speech during a news conference in Paris Wednesday, Feb. 13, 2013. The Paris-based company posted a record 5 billion Euros ($6.7 billion) loss last year after Europe's cratering car market forced France's largest automaker to book a 3 billion Euros financial charge. (AP Photo/Francois Mori)

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