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 (PA:) and Fiat Chrysler (MI:) is nominal, and its management will try to improve that 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.

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