Automaker Peugeot has reported the biggest annual lost in its history. On Wednesday, the struggling French car maker said it has lost $7.6 billion in 2012. It said most of the lost came as a result of its dependence on European markets, an area that has been strongly hit by recession in the past 2 years.
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The French government has said many times it would take all necessary measures to keep the car maker afloat. The company already received from Paris a 7 Billion loan guarantee in 2012. Some analysts have said there is a slim possibility of the government taking a stake in the company. Both government officials and company executives have denied such agreement.
One other option on the table is the sale of Faurecia, which is a supplier but company CEO has said that would not provide any long term solution.
Related Media: Peugeot 2013
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