UPDATE 1-Peugeot reaffirms recovery goals as loss balloons

Newswire

* CEO says cost cut and disposal plans beat targets * Repeats goal to halve negative operating cash flow (Adds analyst comment, detail) By Laurence Frost PARIS, Feb 13 (Reuters) - French carmaker PSA Peugeot Citroen said a recovery plan was beginning to bite after posting its biggest ever net loss, bloated by asset write-downs and cash burn at its struggling industrial operations. Manufacturing savings reached 1.18 billion euros ...

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