UPDATE 2-Peugeot targets 8 pct China market share by 2016

Newswire

* French automaker sees 15 pct China market growth in 2010 * Peugeot plans to launch one model per year in China * Launches 408 sedan in China, more to come * Company sights "ambitious growth" with partner Dongfeng (Adds quotes, background) By Helen Massy-Beresford and Ralph Jennings PARIS/BEIJING, Jan 25 (Reuters) - French carmaker PSA Peugeot Citroen wants to grow 30 percent in China this year, with a long-term goal of obtaining an 8 percent share of its booming market by 2016, ...

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