PSA and Renault

French car makers Peugeot and Renault have both suffered massive loses in 2012. Net profit for Renault dropped 39% in six months and Peugeot shares went down to €5.45, closing to their lowest even since 1986.

The two companies have been urged to work more closely if the French automobile industry is to gain a competitive advantage over the dominating German auto industry. Auto makers in Germany are cooperating in the development fuel cell technology for the automobile sector and French manufacturers should also be doing so.




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