Peugeot to cut fixed costs by 30 pct - Echos

Newswire

PARIS, May 23 (Reuters) - French carmaker PSA Peugeot Citroen aims to cut its fixed costs by 30 percent as part of a restructuring plan, its chief executive Christian Streiff told French newspaper Les Echos. Streiff said in an interview published on Wednesday that PSA Peugeot Citroen would maintain its plan for savings of 600 million euros ($806.9 million) a year. He added the company would launch six extra models between now and 2010. Last month, PSA said it was seeking 4,800 ...

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