PSA spotlights perfect storm for Europe carmakers


By Michael Shields, European Auto Correspondent FRANKFURT, July 26 (Reuters) - French carmaker PSA Peugeot Citroen's weak first-half earnings and reduced 2006 outlook underscore the tough conditions that European mass carmakers continue to face, analysts said on Wednesday. "It's a wake-up call for investors again that pricing in western Europe is under pressure. You have to consider that 50 percent of the European car market is penetrated by companies that hardly make a profit," said ...

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