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Wed 02 Feb 2010Losses widen at PSA Peugeot
French carmaker PSA Peugeot Citroen said full-year losses widened but it forecast positive recurring operating income in the first half of 2010 as cost cuts and a sales drive help it combat a "challenging" market.
Along with its fellow automakers, PSA Peugeot Citroen faces the prospect of falling car sales in some European markets this year as the scrapping schemes governments brought in early last year to prop up markets in free fall come to an end.
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