UPDATE 1-PSA sees 2002 oper margin at low end of target

Newswire

By Madeline Chambers, European Auto Correspondent GOTHENBURG, Sweden, June 24 (Reuters) - Europe's second-largest carmaker, PSA Peugeot Citroen , said on Monday that tough market conditions in western Europe could push profit margins this year to the lower end of its target range. Early this year the French carmaker said it expected to post an operating margin at its auto division of between 4.8 and five percent, depending on whether the car market meets its "stable" scenario (a fall of ...

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