PSA Peugeot Citroen expands a joint venture agreement with China’s Dongfeng Motor Corp. for production of Peugeots in China. Production of the Peugeot model, not named but based on the 307 sedan platform, will begin in Wuhan in 2004. Peugeot cars were built in China earlier with Guangzhou Automotive Group, but that JV was taken over by Honda Motor Co. Ltd. Peugeot will contribute RMB625 million ($75.5 million) and Dongfeng will invest RMB375 million ($45.3 million) in Dongfeng Peugeot ...
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