PARIS — PSA Peugeot Citroen and Ford Motor Co. finally launch their long-awaited 1.4L common-rail, direct-injection turbodiesel I-4, the first fruit of their diesel engine-making joint venture announced in 1998. PSA Chairman Jean-Martin Folz boasts that the “featherweight” diesel will go into 23 Ford, Peugeot and Citroen vehicles in the next several years. But behind his enthusiasm are hard numbers and calculated industrial policy that promise to reduce costs for both automakers and give ...

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