PARIS – The Peugeot 508, due out in early 2011, carries not only PSA Peugeot Citroen’s ambitions to further penetrate the European luxury segment but also its strategy to regain stature in China. Just days after announcing a new joint venture with China Changan Automobile Group that will build the Citroen DS5 in 2012, PSA says its 508 large car will be produced in Wuhan with partner Dongfeng Motor Corp. for sale both in China and the rest of the world outside of Europe. In Europe, the ...

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