The company said it was near to a deal with its banks and the French government to extend financing for its lending arm, Banque PSA Finance.

 

It reported revenue in the third quarter down 3.9% on a year ago.

 

In July, Peugeot said it was cutting 8,000 French jobs and was closing its plant at Aulnay.

 

Last month, the company said it expected its European market share to shrink by 8% this year, but it has now revised this to a 9% fall. 

 

It expects growth in other markets, including a 7% increase in the Chinese market, 5% in the Latin American market and a rise of 11% in the Russian market.

 

Peugeot said: "The competitive environment is getting tougher, with increased pricing pressure and ongoing¹ deterioration²（恶化） in the markets of Southern Europe."

 

Peugeot Citroen was dropped from France's Cac 40 blue chip index last month, in an embarrassing demotion（降级） for the company.

 

The carmaker was a founding member of the Cac 40 benchmark index, created 25 years ago, but it has been struggling with falling sales and a plummeting³ share price in recent years.

点击收听单词发音