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Christopher Bruce0000-00-00 00:00:00

Peugeot Considering Selling a Portion of the Company to Dongfeng

The sale would finance growth outside of Europe

 
 
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Peugeot has the 301 for its international sales

Rumors are emerging that the PeugeotPeugeotPeugeotFrance, 1882 > present120 models
4048 photos
7 videos
family is considering to sell a portion of the company to its Chinese joint venture partner Dongfeng Motor. The Peugeot family controls 25.5% of PSA Peugeot-CitroënCitroënCitroënFrance, 1919 > present94 models
5546 photos
11 videos
and selling a stake in the company would finance expanding the company.

Peugeot has not confirmed these rumors yet, and insiders say that the planning is still in the early stages.

Peugeot and Dongfeng already run three factories together in China.

Peugeot sales in Europe fell by 18% in August, and it had an operating loss of €65 million in the first half of the year.

Source: Auto Express

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