Loss-Making PSA Announces Financing Deal With Dongfeng


PARIS, Feb 19 (Reuters) - PSA Peugeot Citroen announced a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng Motor Group on Wednesday as the French carmaker posted a further loss for 2013. Dongfeng and the French state will each pay 800 million euros for a 14 percent stake in the carmaker, Peugeot said in a statement. The companies will add new models in Asia to target 1.5 million annual sales soon after 2020. Peugeot said its full-year net loss narrowed to 2.32 billion euros ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Feb 10, 2017

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×