The value of the cost savings announced in the planned merger between Peugeot ow...
) is nominal and management will target improvements over time, PSA’s chief executive told French BFM Business radio on Friday.
The two carmaker groups are targeting annual cost savings of 3.7 billion euros as part of a planned merger unveiled at the end of October, which will create the world’s fourth-largest automaker with 8.7 million in annual vehicle sales.
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