Peugeot Citroen cautious after guidance misses

Newswire

PARIS, July 26 (Reuters) - French carmaker PSA Peugeot Citroen said on Wednesday it was cautious in its new outlook for the second half of 2007 because it did not want to disappoint the markets again. "Maybe we are a bit over cautious about the western European car market. We have certainly misguided the market in the recent past and we do not want to do that again," chief executive Jean-Martin Folz told an analysts' conference call. PSA earlier on Wednesday missed its operating margin ...

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