Peugeot-Citroen sees more room for cost cuts

Newswire

PARIS, July 26 (Reuters) - PSA Peugeot Citroen sees more scope for cost cuts in its operations as part of a profit recovery programme expected to be unveiled in September, chief executive Jean-Martin Folz said on Wednesday. He also told an analysts' conference that while it was too early to give detailed guidance, the group intended to have a better operating margin in 2007 than it will have in 2006. PSA already has a cost reduction programme to the tune of 600 million euros ($758.7 ...

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