Peugeot Eyes Link with China's Dongfeng
18 September 2013 - 1:40PM
Dow Jones News
French car company PSA Peugeot-Citroen is considering a deal
with its China partner Dongfeng, according to French daily Les
Echos on Tuesday.
The struggling French company has hired two banks to advise it
on a capital link, the newspaper said. Peugeot wants to expand its
international presence while also keeping its alliance with General
Motors, the newspaper said.
Should GM object to a capital link between Peugeot and Dongfeng,
the French company could form a joint venture with Dongfeng that
would concentrate on emerging markets, Les Echos said.
Newspaper website: www.lesechos.fr
Write to Dennis Baker at dennis.baker@wsj.com
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