PARIS, May 23 (Reuters) - Christian Streiff, the new chief executive of French carmaker PSA Peugeot Citroen , said on Wednesday he was targeting cost cuts as part of a plan to help the company win back market share lost in Europe where it once was 15.5 pct Streiff told reporters that PSA aimed to cut its fixed costs by 30 percent by 2010. It also planned to cut its purchasing costs by 6 percent a year, up from a previous 4 percent target. "The working groups have found areas of savings ...
Premium Content (PAID Subscription Required)
"PSA Peugeot CEO aims to cut costs, win market share" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.