Does PSA Peugeot Citroen deserve to be saved?

Struggling French car maker PSA Peugeot-Citroen is back on death watch with recent announcements that it was canceling its collaboration with GM on a small car AND the news that Dong Feng and the French government were thinking of getting a stake in the company to try and save. I've been wondering if it's even worth it trying to save the company.

I wrote this a few weeks ago, back when I didn't have rights on Oppo, I've updated it and am now putting it right here.

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