Profits jump at Peugeot maker PSA ahead of Fiat merger
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PARIS (Reuters) - Peugeot maker PSA Group said profitability reached fresh highs in 2019, though the French firm underscored a gloomy outlook for car sales in markets like Europe this year as it pursues its merger with Fiat Chrysler .PSA , which also produces cars under the Citroen and DS brands, has trimmed costs in areas such as purchasing as it integrated its acquisition of Opel and Vauxhall, boosting operating margins to a record 8.5% last year. It also offset a slump in vehicle sales by..