PSA Peugeot-Citroen and Renault Say They're Too Thin on Profits by Making Cars in France

In a move that reminds us a lot of what Fiat-Chrysler CEO, Sergio Marchionne told the Italian government not too long ago, both Renault and PSA Peugeot-Citroen executives told French parliamentary officials in separate appearances before the Senate that they can't make a profit from building cars in France.

According to a report from Autonews Europe, the Renault Group was represented by chief operating officer Carlos Tavares, while PSA Peugeot-Citroen sent Denis Martin, executive vice president for industrial operations. Both automakers confirmed the comments.

Tavares told the French commissions that one of Renault's most popular models, the Clio, costs €1,300 (US$1,700) more to produce at the firm's Flins plant in France than in the company's factory in Bursa, Turkey.

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