China's Dongfeng invests in Peugeot

Chinese carmaker Dongfeng said today it will invest €800m in France’s Peugeot and expand cooperation in China’s fast-growing market.

China's Dongfeng invests in Peugeot
Wed, 19 Feb, 2014 - 07:34

Chinese carmaker Dongfeng said today it will invest €800m in France’s Peugeot and expand cooperation in China’s fast-growing market.

The agreement would give struggling PSA Peugeot Citroen much-needed capital while state-owned Dongfeng Motor Company gains access to a well-known brand and advanced technology to help expand its share of the Chinese car market.

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