Peugeot CEO sees rival plant closures - Les Echos

Newswire

PARIS, Sept 26 (Reuters) - Rival automakers in Europe will have to follow PSA Peugeot Citroen in closing plants to deal with overcapacity, Chief Executive Philippe Varin told Les Echos newspaper in an interview published on its website on Wednesday. "The European market has too much capacity and this will remain the case," Varin said ahead of the Paris auto show. "It is obvious that a certain number of plants will have to close," he added. "We've laid out our ...

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