PARIS/MUNICH: The woes confronting Europe's auto industry surfaced dramatically Thursday when France's PSA Peugeot Citroen announced 8,000 job cuts and a plant closure and Germany's Opel got its fourth CEO in less than three years.
Ironically, just five months ago, Peugeot and Opel announced a product-development and procurement alliance aimed at producing substantial cost efficiencies for both companies.
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