Philippe Varin (L), Chief Executive of French carmaker PSA Peugeot Citroen, speaks with Serge Poignant, France's Economic Affairs Commission head at the National Assembly, during a French parliamentary hearing at the National Assembly in Paris December 14, 2011. French auto maker PSA Peugeot Citroen predicted that its auto division would post a second-half operating loss of more than 405 million euros ($530.02 million) as Europe's ongoing economic woes weigh on consumer demand. REUTERS/Philippe Wojazer (FRANCE - Tags: TRANSPORT BUSINESS POLITICS)