UPDATE 1-French carmaker Peugeot fires CEO Streiff

Newswire

(Adds details, background) PARIS, March 29 (Reuters) - The board of French carmaker PSA Peugeot Citroen fired Chief Executive Christian Streiff on Sunday and replaced him with Philippe Varin, who will take up the position on June 1, the company said in a statement. The decision comes after Peugeot last month posted a 343 million euro ($460 million) net loss and said it expected to stay in the red until 2010. "The board unanimously judged that the exceptional difficulties faced by the ...

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