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Peugeot to Boost Production

PARIS—French car maker PSA Peugeot Citroën said on Tuesday it would increase target production by 60,000 cars in coming months to capitalize on rising European demand, showcasing a rebound that is lifting its fortunes.

One year after Chief Executive Carlos Tavares took the helm and Peugeot received €3 billion ($3.22 billion) to firm up its shaky finances, the auto maker has gone from a company treading water to one now buoyed by…

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