Peugeot Citroen to introduce massive production cuts
The French car group, Peugeot Citroen, after issuing warning on sharp decline in sales and profits, decided to impose massive cuts in production with immediate effect.
Europe’s second largest auto maker had to cut back its ambitious targets after registering a third quarter drop of 5.2% in sales to €13.3bn (£10.62bn) and 7.1% decline in car [...]