PARIS – PSA Peugeot Citroen will attempt to cut its overhead costs by 30% in the next three years while adding seven new car models to its product mix, CEO Christian Streiff says. Streiff, who replaced Jean-Martin Folz in February, announced the details of a 3-year makeover called “CAP 2010” today at the auto maker’s annual stockholder’s meeting. Utilizing 10 cross-functional teams, he says 150 initiatives are being put into place under four headings: quality, costs, products and ...

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