Citroen looks to hike European capacity utilization to 117%. PSA Peugeot Citroen says it will save €1 billion ($1.1 billion) annually by 2006 via improvements in production efficiency and increases in vehicle output. The milestone includes plans to boost output to 4 million units by 2006, a nearly 750,000-unit increase over the 3.26 million units produced in 2002. The auto maker says it plans to further reduce parts costs, which already have been shaved €300 ($325) per ...

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