UPDATE 3-Peugeot cuts product line and costs in turnaround plan

Newswire

* Peugeot targets 2 pct automotive margin for 2018 * CEO says firm to cut offering to 26 models from 45 * Pledges new programmes with tight lid on investment (Adds details, background) By Laurence Frost and Gilles Guillaume PARIS, April 14 (Reuters) - PSA Peugeot Citroen will nearly halve its product line and focus investment on new technology in an attempt to return to profit, the struggling carmaker's new boss Carlos Tavares ...

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