Peugeot not planning to participate in sector consolidation

Newswire

PARIS, July 26 (Reuters) - French carmaker PSA Peugeot Citroen will continue its strategy of selective industrial parrtnerships but has no plans to particpate in the consolidation of the global auto industry, its chief executive said on Wednesday. "PSA Peugeot Citroen has no plans to participate in the consolidation of the sector, not as an active player nor as a target," Jean-Martin Folz told a news conference when asked to comment on tender alliance talks between Renault , Nissan Motor ...

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