Peugeot may need to raise funds as burns cash -sources

PSA Peugeot Citroen may have to raise funds through a share sale as the loss-making French carmaker burns through cash in a weak market, two sources familiar with the situation said.

Peugeot, which has been running losses of up to 200 million euros (HK$2.0 billion) a month and does not expect a return to profit until 2015, said a capital hike was not on the agenda, as it started talks with unions about turning around the firm.

via Business feed http://www.scmp.com/business/companies/article/1249568/peugeot-may-need-raise-funds-burns-cash-sources