Peugeot-Citroen has no plans to shut other plants

Newswire

PARIS, July 26 (Reuters) - French carmaker PSA Peugeot Citroen has no plans at the moment to close more plants as it seeks to cut costs to return to higher profitability, its Chief Executive Officer said on Wednesday. "After the closure of Ryton, I consider our industrial structure as fitting," Jean-Martin Folz told a news conference when asked whether a plan to boost profits -- expected to be detailed in September -- would lead to more factory closures. However, Folz said PSA needed to ...

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