PSA/Peugeot-Citroen will be removed from the France CAC 40 stock index as a result of its shares declining 60 percent in the past year.

PSA/Peugeot-Citroen will be removed from the France CAC 40 stock index as a result of its shares declining 60 percent in the past year.

Despite a recent alliance with General Motors, PSA's stock has been hovering around €6 ($7.6 / £4.8) - a nearly 26-year low. The situation doesn't seem to be improving as the company is burning through cash and not showing signs of recovery.

In an interview with Bloomberg, quantitative analyst Christophe Wakim said "Peugeot has been the weakest weight in the [CAC 40] index for several quarters now. It's just the reflection that Peugeot, unfortunately, has destroyed value for its shareholders."

 

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