PSA's Streiff reveals elements of plan in magazine

Newswire

FRANKFURT, Aug 28 (Reuters) - Europe's second-biggest carmaker PSA Peugeot Citroen aims to increase productivity, cut development times and reduce its dependence on the domestic market as part of a plan to boost profitability, its head told a magazine. "My minimum target to improve profitability is 5 percent per year," PSA Chief Executive Christian Streiff said in comments reported by Germany's Auto Motor und Sport ahead of publication on Wednesday. By comparison, BMW is aiming for ...

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