References in periodicals archive ?
While the multi-brand group is less exposed to austerity-hit Europe than rivals PSA Peugeot Citroen and Fiat , finding the cash to achieve its goal is becoming harder and it has to balance keeping a tight rein on short-term costs with the need to develop new products.
They recognise that keeping a tight rein on the finances is key to their survival, particularly in today's difficult conditions, so technology is currently the only global sector with more net cash than debt on its balance sheets."
Costs have been kept in line with expectations, while the group is also keeping a tight rein on its customers who bet the wrong way.