PSA Peugeot-Citroen chief executive officer Philippe Varin addresses reporters during a press conference held at the company headquarters in Paris, Thursday July 12, 2012. Struggling French carmaker ... more 
PSA Peugeot-Citroen chief executive officer Philippe Varin addresses reporters during a press conference held at the company headquarters in Paris, Thursday July 12, 2012. Struggling French carmaker PSA Peugeot-Citroen is slashing 8,000 jobs in France and closing an iconic site north of Paris. (AP Photo/Remy de la Mauviniere) less 
1 / 28
Associated Press | Photo By Remy de la Mauviniere
Thu, Jul 12, 2012 1:12 PM EDT