UPDATE 1-Peugeot increases cuts, plans plant closure -union


(Adds detail, comment) By Gilles Guillaume and Laurence Frost PARIS, June 28 (Reuters) - Struggling French automaker PSA Peugeot Citroen is increasing its full-year savings target and freeing capacity at a factory near Paris in preparation for the closure of its Aulnay plant, union officials said on Thursday during talks with management. Chief Executive Philippe Varin told workers' representatives that the car maker's target to cut 1 billion euros ($1.25 billion) "will not be enough", ...

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