UPDATE 2-Peugeot reduces 2005 operating margin target

Newswire

(Adds details on sales, models) By Marcel Michelson PARIS, Oct 27 (Reuters) - French car maker PSA Peugeot Citroen said on Thursday it saw its 2005 operating margin at around 4.0 percent of sales, versus a previous range of 4.0-4.5 percent, after weak third-quarter sales. The world's sixth-largest auto maker said that in an "aggressive competitive market" in Europe, it expected only limited growth in unit sales and it would reduce its production programme significantly to bring ...

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