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Dongfeng Group

  • Peugeot

PSA to sell stake in smaller Chinese tie-up as sales decline

Posted on December 1, 2019December 1, 2019by admin
Changan automobile

Peugeot maker PSA Group stated it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner Chongqing Changan Automotive which is having a hard time with falling sales. The announcement in Paris on Thursday came after an indication from Changan in regulatory filings in November that it was looking for […]

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