Peugeot S.A., or PSA, the manufactures of Peugeot and Citroen vehicles, recently announced that it would be cutting over 8,000 jobs and closing down a plant near Paris in 2014. Neil King, automotive industry analyst at Euromonitor, states that the Eurozone debt crisis is mostly to blame for PSA's plans, but other car manufactures are also encroaching on PSA's territory, giving consumers alternate choices when buying automobiles. King states that PSA may want to consider entering global markets, as many of its competitors have done.