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Associated Press
In this Sept. 7, 2012 file photo, a Peugeot, left, and Citroen cars are parked in Paris. PSA Peugeot Citroen posted Wednesday, Feb,13, 2013 a record Euro 5 billion ($6.7 billion) loss last year after Europe's cratering car market forced France's largest automaker to book a Euro 3 billion financial charge. As well as falling demand, which led to a 12.4 percent slump in new vehicle sales to Euro 27.8 billion, the Paris-based company had to contend with the rising cost of steel and other materials. (AP Photo/Jacques Brinon, File)

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