--FILE--une Citroen DS4 est vu sur l'écran lors d'une exposition d'automobiles à Beijing, Chine, 9 août 2013. Constructeur automobile français PSA Peugeot Citroen cred
--FILE--A Citroen DS4 is seen on display during an automobile exhibition in Beijing, China, 9 August 2013. French car maker PSA Peugeot Citroen credited cost cutting and strong sales in China for narrowing its 2014 loss, and doubled its target for annual cash generation by 2018. Just a year after the company secured a €3 billion capital injection from the French government and Chinese auto maker Dongfeng Motor Group as it struggled to stem losses, the company said its car business in Europe was profitable for the first time in four years. "We have over-delivered on the cost reduction that we predicted, " said Peugeot Chief Executive Carlos Tavares. Peugeot sold a global total of 2.9 million vehicles in 2014, up 4.3% from 2014. That includes the 734, 000 it sold in Chinaªa 12% increase from the year before, making the country now its most important market, ahead of France. About one-third of the car division's operating profit now comes from China, Mr. Tavares said.
