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On-the-spot France

What does France's Peugeot crisis have to do with Iran?

Audio 03:59
Reuters/Eric Gaillard

French automaker Peugeot has announced it will cut 8,000 jobs. The group saw a net loss of 819 million euros that the company says is due to a drop in car sales in southern Europe, which has been hit by the economic crisis. But not everyone is convinced. Peugeot stopped sending car parts to Iran earlier this year, and some are wondering if the sanctions are in fact affecting the group.

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