Peugeot is bleeding
peugeot cars

Nobody is hurting worse than PSA Peugeot Citroën. Once a strong No. 2 in West Europe, the French automaker's market share has fallen to 12.7%. Its stock price has fallen 44% in the past year, and the company has been burning cash. PSA has a particularly large presence in Southern Europe, which has been hit hard by recession. Its market is down 13.3% in France, 14.9% in Spain, and a bruising 20.9% in Italy." According to the newly installed French socialist government, PSA made strategic mistakes over the past 20 years by not expanding internationally -- which anybody who has tried to buy a Peugeot or Citroën in the U.S. would know first-hand.

  @FortuneMagazine - Last updated January 17 2013 01:26 PM ET
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