Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
In the FT article on this topic today, they quoted a Peugeot guy saying that each Peugeot 206 cost them 415 euros more than in their French plant.

They also noted that it was part of a strategy to close off smaller plants and focus on the big plants in France (which were likely to have their employment trimemd down as well) and new plants in Eastern Europe.

Financial analysts said it was "logical" and "necessary" in an industry with overcapacity.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Apr 19th, 2006 at 10:48:39 AM EST
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