Peugeot lifts cash target as restructuring bites

Newswire

PARIS, July 31 (Reuters) - Struggling French carmaker PSA Peugeot Citroen raised its closely watched cash goal for 2013 as it posted first-half losses contained by cost-cutting. Excluding restructuring costs, Peugeot aims to reduce last year's 3 billion euros ($4 billion) in negative cash flow "at least by half" in 2013, Chief Financial Officer Jean-Baptiste de Chatillon said as he presented first-half results on Wednesday. The company's restructuring progress ...

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