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Peugeot Citroen Close To Chinese Investment Deal

Out with General Motors going in with China's No. 2 automaker. PSA Peugeot Citroen is moving closer to a partnership with Dongfeng Motor. Spokeswoman Antonia Krpina at the capi... More Out with General Motors going in with China's No. 2 automaker. PSA Peugeot Citroen is moving closer to a partnership with Dongfeng Motor. Spokeswoman Antonia Krpina at the capital-hungry French automaker said Monday its supervisory board has reached "cohesion" in talks announced last month involving Dongfeng. She declined further comment, saying no deal has been signed yet. Peugeot Citroen said its "privileged scenario" foresees a capital increase of around 3 billion euros or $4.1 billion. Less

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