New PSA-Fiat Chrysler management to try to improve cost savings - PSA CEO
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PARIS (Reuters) - The value of the cost savings announced in the planned merger between Peugeot owner PSA and Fiat Chrysler is nominal and management will target improvements over time, PSA's chief executive told French BFM Business radio on Friday.CEO Carlos Tavares also said he does not see the need to scrap any brands within the new PSA-Fiat Chrysler entity.The two carmaker groups are targeting annual cost savings of 3.7 billion euros ($4.09 billion) as part of a planned merger unveiled at..