Peugeot and Citroen to axe 19 models by 2020

PSA to axe 19 models by 2020

PSA Peugeot Citroën announces plans to streamline its model range in order to regain profitability

PSA Peugeot Citroën will axe more than 40 per cent of its models by the year 2020 as part of its group recovery programme.

Company chief Carlos Tavares said the models will be “gradually streamlined” over the coming years, a move that will allow the firm to focus more profitable segments.

Tavares said that reducing the company’s model portfolio from 45 to 26 will allow the firm to improve market coverage and optimise the use of vehicle platforms to allocate research and development spend more efficiently.

Tavares also revealed PSA will further develop DS as a “full-fledged” premium brand. DS, alongside Citroën and Peugeot,

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