Peugeot's first-half profits dip as models age

Newswire

PARIS, July 27 (Reuters) - France's PSA Peugeot Citroen , posted a drop in first-half profits on Tuesday as motorists snubbed its ageing models, but the results were above expectations and the carmaker confirmed its full-year targets. Europe's second biggest auto firm said net profit fell to 681 million euros ($828.3 million) compared with 869 million in the year-ago period. Twelve analysts polled by Reuters had, on average, expected net profit of 624 million euros. PSA confirmed that ...

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