PSA says has regained control over margins

Newswire

PARIS, July 26 (Reuters) - PSA Peugeot Citroen head Jean-Martin Folz told analysts on Tuesday his group had resumed control over its profit margins by not giving in to aggressive price discounting in the market, be it at the expense of the growth in market share. "Peugeot and Citroen have regained the ability to control margins," Folz told an analysts' conference call after reporting first-half net and operating profits that came in below consesus forecasts. Folz reaffirmed a sales ...

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