UPDATE 1-Peugeot's profits dip as models age, beat forecasts

Newswire

(Adds details) PARIS, July 27 (Reuters) - France's PSA Peugeot Citroen posted lower first-half profits on Tuesday as motorists snubbed its ageing models, but Europe's second-biggest car maker beat expectations and confirmed its full-year targets. PSA said in a statement that net profit totalled 681 million euros ($828.3 million) compared with 869 million in the year-ago period. Analysts had been expecting a net profit of 624 million euros. PSA said new model launches, such as the ...

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