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PSA Peugeot Citroen swings back to profit

French car maker PSA Peugeot Citroen swung back to profitability in the first half of this year on Wednesday thanks to a recovery in the automobile market, gains in market share and the launch of new models. The company posted a net profit of €680 million ($884.2 million) in the six months ended June 30, compared with a loss of €962 million a year before.

Jul. 29 , 2010