Tag: PSA Peugeot-Citroen

• Friday, February 21st 2014 - 07:15 UTC

  Chinese flair for France's second largest automobile group, PSA Peugeot-Citroen

  

  Struggling French carmaker PSA Peugeot Citroen has sealed a long-awaited rescue deal that will see its founding family cede control of the company. China's Dongfeng Motors and the French government will each invest about 800m Euros in return for 14% stakes. Another 1.4bn Euros will be raised from existing investors in Peugeot.