the eurto 50 down by an even ear ou. and the euro trading at a value of $1.2194. french carmaker peugot will be clinonf its plants near paris. explains the economic crisis. european leaders are cli is an economic earthquake. >> in the past, southern eope has been at major market for peugot's contact cards- compact cars. e company worries that turnover could plummet 10%. otr caon a set to undergo restructuring. peugot's ieexuteay the company is facing a difficult situation on the european market. the group has lost00ilon euros each month for the past year. it has also led to massive layoffs and the workers unit is unin morrost the union representative blames management. he says theomny has sacrificed for financial gain to benefit the peugot faly earlier this year the american car giant general motors struck an alliance with peugot. among other things, the companies are looking to cut costs by a developing a formula car model. >> the chief executive of op has stepped down just three weeks after unveiling a plan to rebuildm, opel, and vauxhall. there is great frustra