Daimler joins German premium rivals Audi and BMW in seeking to reduce labor costs to help manage the disruptive shift to self-driving and electric cars.
Aggressive expansion plans have been scaled back and the company will focus on updates to its current models, the Giulia and Stelvio, while looking forward to two new SUVs.
PSA said it will continue to sell upscale DS cars in China even after the French automaker and Chinese partner Changan Auto have each sold their stakes in a manufacturing tie-up.