UPDATE 1-Peugeot sets 550,000 output target for 208 model

Newswire

(Adds background) PARIS, Jan 27 (Reuters) - PSA Peugeot Citroen has set a 550,000 annual production target for the new Peugeot 208 subcompact model seen as crucial to restoring the struggling automaker's fortunes, its industrial director said on Friday. "The production target is of 550,000 vehicles worldwide on an annual basis, that is to say from 2013, of which 400,000 would be in Europe," Denis Martin said on the sidelines of a launch event for the new car. Martin, speaking at the ...

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