UPDATE 2-Peugeot keeps 2006 target despite high input costs

Newswire

(Adds further CEO comments, Ryton) By Marcel Michelson PARIS, May 24 (Reuters) - PSA Peugeot Citroen said on Wednesday a further rise in raw material prices was putting an extra strain on its 2006 results but the French carmaker kept its target for its operating profit margin. The increase in raw material prices -- of precious metals and oil -- is weighing on the sector and comes on top of fierce competition and sluggish car sales in Western Europe. "It is clear that at the start of ...

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