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.

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.