Racing Renault, Peugeot shares set to stall?

Newswire

By Rebecca Harrison PARIS, June 18 (Reuters) - Shares in French carmakers PSA Peugeot Citroen and Renault have swerved past European rivals this year thanks to scant exposure to a weak dollar and solid business models, but slack sales and swelling valuations may soon bring the winning streak to an end. Both stocks became defensive plays amid generally dreary reports about high oil prices and stuttering economic growth, as German peers like Volkswagen suffered from the added impact of a ...

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