UPDATE 3-Peugeot cuts 2005 operating margin outlook


(Adds CFO comment on markets, raw materials) By Marcel Michelson PARIS, Oct 27 (Reuters) - French car maker PSA Peugeot Citroen reduced its operating profit margin outlook on Thursday as it needs to cut production in the face of a high inventory built-up and sluggish markets. While Italian rival Fiat urged caution on 2005 when it reported a smaller than expected loss on flat sales on Wednesday and domestic peer Renault hopes the launch of the new Clio will allow it to meet forecasts, ...

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