PARIS – PSA Peugeot Citroen will add a third brand for light/utility vehicles when its new Chinese joint venture with China Changan Automobile Group is complete. At a signing ceremony in Paris, PSA and Changan agree to build a new assembly line at the joint-venture factory in Shenzhen, Guangdong province, which will begin production in 2012. The companies will invest €935 million ($1.2 billion) in the 50/50 venture. The first vehicle to come from the plant will be a Citroen DS, probably ...
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