Outlooks, costs concerns drive European cars down

Newswire

LONDON, Sept 23 (Reuters) - Shares in European car makers fell on Thursday as updates from Peugeot and Porsche disappointed and amid concern higher commodities costs and slowing economic growth will harm profits in the sector. A market eager for upbeat outlooks punished PSA Peugeot Citroen's stock, which gained over 20 percent in the past two months, as the company failed to raise its full-year targets. "People were expecting Peugeot to raise guidance at its presentation and that didn't ...

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