PSA revamps production to catch rivals; Platform-sharing, better manufacturing techniques will save [euro]1 billion annually.(News)

Automotive News Europe,  February, 2003  

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Byline: Sylviane de Saint-Seine Automotive News Europe

PSA/Peugeot-Citroen will revamp its manufacturing process to boost productivity, where it badly trails nearly all its European competitors.

Chairman Jean-Martin Folz pledged that PSA will save at least [euro]1 billion annually by 2006 through improved manufacturing techniques and full implementation of the French automaker's five-year-old platform sharing program. He said the savings will help improve PSA operating margins, estimated at 4.5 percent to 5 percent last year. Folz set 6 percent as a mid-term goal.

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