Carmaker PSA says to open finance office in China

Newswire

PARIS, Nov 28 (Reuters) - French carmaker PSA Peugeot Citroen said on Friday China's banking regulator had authorised its finance unit to open an office in the world's fastest growing car market. PSA, which is battling other European carmakers to grab a chunk of the booming market and already produces cars in China, said opening a Banque PSA Finance office would help strengthen the group's presence there. The bank provides retail financing for purchasers of Peugeot and Citroen cars and ...

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