Peugeot Considering Selling a Portion of the Company to Dongfeng

Rumors are emerging that the PeugeotPeugeotFrance, 1882 > present120 models
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family is considering to sell a portion of the company to its Chinese joint venture partner Dongfeng Motor. The Peugeot family controls 25.5% of PSA Peugeot-CitroënCitroënFrance, 1919 > present94 models
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and selling a stake in the company would finance expanding the company.

Peugeot has not confirmed these rumors yet, and insiders say that the planning is still in the early stages.

Peugeot and Dongfeng already run three factories together in China.

Peugeot sales in Europe fell by 18% in August, and it had an operating loss of €65 million in the first half of the year.

Source: Auto Express