The largest shareholder of the French auto group PSA Peugeot Citroen-Peugeot family demands dismissal of Executive Director Philip Varena. He is accused of falling sales and the failed Alliance with General Motors.
Varennes, who headed the company in 2009, was a supporter of expanding global presence of PSA. It was believed that he advocated the expansion of the Alliance with GM.
The Peugeot refused to comment on this post. But the company's shares soared to 6.54%.
Since the beginning of this year have fallen by 24 quotes PSA%. In March, the company has shown a drop in sales. And at the end of last year, it was announced that future layoffs.
As we have informed, in the first quarter of 2012, PSA Peugeot Citroen, revenue decreased by 7% compared to
...
Read more »