UPDATE 1-Peugeot lifts cash target as restructuring kicks in

Newswire

* Peugeot says first GM alliance savings seen in H1 * Net loss cut by almost half to 426 mln euros * Auto division trimmed losses By Laurence Frost PARIS, July 31 (Reuters) - PSA Peugeot Citroen raised its 2013 cash goal on Wednesday, saying spending cuts and an alliance with General Motors had already begun to pay off. The struggling French automaker said it now aims to reduce closely watched cash consumption before ...

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