PARIS, July 26 (Reuters) - French carmaker PSA Peugeot Citroen said on Wednesday it was working on a plan to restore the company's profits, after the company cut its second-half outlook due to higher raw material prices. "We are obviously not satisfied with these results. We are actively working on an action plan to restore our profits," Chief Executive Jean-Martin Folz told an analysts' conference. Folz added it was too early to comment in detail on the nature of the action plan.
Premium Content (PAID Subscription Required)
"Peugeot CEO says plan underway to restore profits" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.