Peugeot says studying new China vehicle venture

Newswire

SHANGHAI, June 29 (Reuters) - French carmaker PSA Peugeot Citroen said on Friday it was studying the feasibility of setting up a 50-50 vehicle manufacturing venture with China's Harbin Hafei Automobile Industry Group Co. PSA Peugeot has signed a memorandum of understanding with Hafei to explore the possibility of making commercial vehicles with fewer than 10 seats, it said in a statement. The two firms will set up a special team to work out details of the partnership, it added.

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