PARIS – PSA Peugeot-Citroen CEO Philippe Varin has improved his outlook on the European market and his company’s financial situation. At a press launch for the Peugeot 5008 compact minivan, Varin tells reporters PSA’s loss this year will be closer to €1 million ($1.5 million) than €2 million ($3 million), and that the goal for next year – although not yet a projection – is profitability. Varin said earlier he expected the European market to fall 10% this year, but he now believes the ...

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