Peugeot Citroen sees 2005 margin at bottom of range

Newswire

PARIS, Oct 27 (Reuters) - French car maker PSA Peugeot Citroen reduced its 2005 operating profit margin outlook on Thursday to 4.0 percent of sales from a previous range of 4.0-4.5 percent after weak third-quarter sales. The world's sixth-largest auto maker said that in an "aggressive competitive market" in Europe, it expected only limted growth in unit sales and it would reduce its production programme significantly to bring inventories back to target. Peugeot reported third quarter ...

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