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 ...
Premium Content (PAID Subscription Required)
"Peugeot to cut fixed costs by 30 pct - Echos" 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.