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PSA revenue rose 42 percent to 18 billion euros ($22 billion) in the first quarter, lifted by its acquisition of Opel-Vauxhall last year.
PSA boss Carlos Tavares, who is no stranger to thrashing out difficult labor deals, is now taking on Germany's powerful IG Metall union, which has been the undoing of many a cost cutter.
PSA wants 3,700 job cuts at Opel in Germany by 2020 and a process of contract buyouts and early retirement has already resulted in a reduction of about 2,000 positions, Opel's labor chief said.
PSA's fight to cut production costs at Opel's German factories took on a national dimension with Chancellor Angela Merkel intervening to say she expected the French automaker to honor commitments it made when it bought Opel from GM last year.
PSA Group will focus its slimmed-down Opel/Vauxhall dealership network across Europe on sales performance and customer satisfaction.
Opel and Vauxhall are cutting dealerships as new owner Peugeot continues to reduce costs at the automaker it acquired last year in the face of sliding sales, notably in Britain, a major market.
Xavier Peugeot, director of product planning at Citroen, will be among the speakers June 6 at the Automotive News Europe Congress in Turin.
PSA CEO Carlos Tavares could earn additional compensation for helping to engineer Opel's turnaround plan in 2017.
PSA thinks its dealers in the United States should spend less on building their retail stores when the French automaker returns to North America.
VW and PSA will not change their self-driving plans even after an Uber autonomous car hit and killed a woman crossing the street in Arizona.
"No regrets" -- That's PSA Group CEO Carlos Tavares' assessment one year after striking a $2.7 billion deal for Opel and Vauxhall, General Motors' stubbornly unprofitable European brands.
Tax threat has PSA questioning U.S. plans; Nissan seeking France's Renault stake?; Jag I-Pace, Ram 1500 prices; GM outsold in S. Korea; BMW eyeing Russia; This king cab cooks 'cue.
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