Fitch revises Peugeot outlook to negative from stable

Newswire

NEW YORK, July 26 (Reuters) - Fitch Ratings on Wednesday revised Peugeot SA's outlook to negative from stable after the French automaker said it missed its operating margin target for the first half of 2006 and issued a profit warning. The profit revision for the second half of 2006 illustrates the group's increasing inability to cope successfully with external challenges despite its renewed model range, Emmanuel Bulle, Director of Fitch's European Corporates group, said in a statement. ...

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