Peugeot set on keeping margin amid raw material hike

Newswire

PARIS, May 24 (Reuters) - French car maker PSA Peugeot Citroen said on Wednesday that raw material prices put an additional strain on the company's 2006 results but its chief executive kept the company's operating margin target. "The operating margin in the first half of 2006 will be similar to that of the second half of 2005 and in the second half of 2006 the operating margin will progress," Jean-Martin Folz told shareholders at their annual meeting. France's second largest carmaker had ...

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