FACTBOX-Raw material costs hit carmakers, suppliers

Newswire

July 26 (Reuters) - Rising raw material prices are punching holes in profits at some carmakers and automotive suppliers. Here is what executives are saying about the problem. PSA PEUGEOT CITROEN "(H)igher raw materials prices will weigh even more heavily on operating margin in the second half. Based on current prices, the group expects the impact to be around 250 million euros ($316 million) versus 206 million in the first half," the French carmaker said on July 26. VALEO "I ...

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