UPDATE 2-PSA Peugeot expands in China, revives brand

Newswire

(Recasts, updates with executive and analyst remarks, details) By Scott Hillis BEIJING, Oct 25 (Reuters) - France's PSA Peugeot Citroen and China's No. 3 automaker, Dongfeng Motor Corp, said on Friday they would invest $120 million to boost production and bring back the Peugeot brand in China's fast-growing car market. The car makers will expand a joint venture that will start producing Peugeots in the central city of Wuhan in 2004. The agreement is part of Peugeot's stated goal to ...

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