UPDATE 3-Euro hurts French carmakers, PSA warns on targets

Newswire

(Adds PSA quotes paragraphs 9-10, analyst comment paragraph 7) By Jean-Michel Belot and Rebecca Harrison PARIS, May 28 (Reuters) - French carmaking duo PSA Peugeot Citroen and Renault said on Wednesday the rampaging euro was weighing on profit margins and PSA warned that hitting its full-year targets would be tough. "The economic and monetary context is not favourable, and in these conditions reaching our targets will be difficult," PSA Chairman Jean-Martin Folz told shareholders at ...

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