PSA group President Philippe Varin has declared that Peugeot and Citroen will not be making low-cost cars to compete with Renault’s low-cost Dacia brand. In an interview with BFM radio, Varin stated that a low-cost brand is currently incompatible with their commercial vision, and that the Peugeot and Citroen brands need to concentrate on their own market position at this stage.

The statements come in addition to discussion over the Peugeot M3 and Citroen M4 models. Varin has said that these cars are currently being developed under those brands and aren’t destined for the Western Europe market, but will be designed specifically for emerging markets

Source | AutoPlus.fr

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