AOL.com Video - Daily Digit: Peugeot's 4.1bln Euro Writedown

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Daily Digit: Peugeot's 4.1bln Euro Writedown

Description:4.1 billion euros is today's daily digit in Europe - the value of a writedown by PSA Peugeot Citreon. The massive charge was a non-cash one and does not affect the group's liquidity or solvency. But it did lead to suggestions of state intervention. The French Budget Minister said the government would consider taking a stake in the struggling car maker. "It's possible," said Jerome Cahuzac, "This company must not and cannot disappear and we must do what it takes for this company to survive." (0:57)

Source: Reuters

Tags: reuters , Citreon , europe , Jerome Cahuzac