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Peugeot may raise European car market forecast for 2016 - CEO

Reuters

PARIS (Reuters) - French carmaker Peugeot PSA Citroen (PEUP.PA) may raise its forecast for the size of the European car market this year when it publishes half-year results, Chief Executive Carlos Taveres said on Wednesday.

"The European market keeps surprising us in a pleasant way," Tavares said on the sidelines of a conference in Paris. "We will probably update our forecast in the half-year results."

The group, which is due to publish interim results at the end of July, already raised its forecast last month to 4 percent growth in demand in the European car market this year.

(Reporting by Gilles Guillaume; Writing by Leigh Thomas; Editing by Greg Mahlich)