Peugeot expects the recovery of car market to begin in 2014

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The second largest car maker in Europe, Peugeot-Citroen, is expecting the regional market conditions to improve in the next year. Automakers' officials say that the worst is already behind and it will be only a modest recovery. Paris-based corporation itself is going to cut 11 thousand jobs in France, closing a factory near Paris. Company's shares rose to a 17-month high this Tuesday.
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