Peugeot Citroen margin falls less than forecast
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PSA Peugeot Citroen  reported on Wednesday a steep decline in its 2006 consolidated operating margin to 2.0 percent from 3.4 percent in 2005, but the fall was less than analysts had forecast.
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Porsche remains "moderately confident" for its business in the current year, despite a drop in sales in North America.
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Carrefour, the world's No. 2 retailer, posted a weaker-than-expected rise in quarterly sales on Tuesday and warned it would not reach annual sales and profit targets amid a sharp deterioration in its markets.
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Swiss Re led European shares lower on  Friday, but Dutch conglomerate Philips helped limit market  losses as a chip sales warning was not as bad as feared.
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Despite a strong profit outlook from Ford Motor Co., shares of automotive stocks moved mostly lower Friday on concerns sales for the industry might not be as strong as previously expected.
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New car sales in Europe fell for the fourth consecutive month in May, dragged down by a poor showing in western Europe despite strong performance further east, the European automobile association ACEA said Thursday.
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European equities fell on Tuesday as gains for carmakers and other auto-sector stocks were offset by losses in the oil, mining and utilities sectors.
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French carmaker Peugeot-Citroen reports a slump in full-year profits, amid weakening worldwide sales.
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A recovery in the economy later this year will keep U.S. vehicle sales from plunging as deeply as the most bearish forecasts suggest, according to an outlook released on Sunday by the group representing U.S. auto dealers.
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Autozone&#39;s (AZO:NYSE - news - research) first-quarter sales and earnings were virtually unchanged from a year ago, held back by higher fuel prices that made car owners skittish.
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Honda Motor Co. (7267.T) posted a  smaller-than-expected rise in quarterly profit, helped by brisk  sales in Europe and a weak yen that offset a dip in U.S. sales  -- where Honda could not keep up with demand -- and nudged its  full-year forecast higher.
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Carmakers were in focus as European equity markets put in a steady performance on Friday, with Peugeot up on solid first half sales and Fiat benefitting from an upgrade.
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European equities were lower on Wednesday as carmakers came under pressure after Renault said its 2009 targets would be difficult to meet due to slowing European demand.
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The auto parts retailer turns to profitability but sees key sales effort fall below last year.
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PSA Peugeot Citroen China&#39;s unit is expected to miss its full-year car sales target due to intense competition and slumping sales.
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A low P/S ratio can point to undervalued companies.
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Citroen&#39;s Sebastien Loeb remains in front on the Wales Rally GB tonight [Friday], despite pressure from Petter Solberg late this morning, and in the afternoon, which saw the Frenchman&#39;s advantage more than halved.