Dongfeng Grows Technology Center to Focus on China-Built Cars

Newswire

SHANGHAI, Feb 20 (Reuters) - Dongfeng Motor Corp, whose listed unit has agreed to buy a 14 percent stake in PSA Peugeot Citroen, said on Thursday it would invest 2 billion yuan ($329.14 million) to expand its technology centre to boost indigenous vehicles. Dongfeng Motor Group Co Ltd announced on Tuesday that it and the French government would inject 800 million euros ($1.10 billion) each into the troubled French carmaker as part of a 3 billion euro plan to rescue the loss-making firm. As ...

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