PSA Peugeot Citroen Confirms Talks with Chinese Automaker Dongfeng

2014 Peugeot 3008 1 photo
Photo: Peugeot
In case you were wondering whether PSA Peugeot Citroen was teaming up with China’s Dongfeng Motor Corporation, let us inform you that it has been confirmed they are looking into the possibility. We don’t have that much information on the possible “industrial and commercial alliance” as PSA Peugeot Citroen is keeping everything a secret.
Still, what we do know is that the French are hoping to get quite a big sum from Dongfend in exchange for a stake in the beleaguered automaker. So, if this scenario works out, PSA Peugeot Citroen might actually receive around EUR 3 billion. Although it is a pretty nice deal, the French company is still keeping its options open but things might be decided on February 19, 2014.

Besides this, the deal could also involve the French government PSA Peugeot Citroen saying they “may also participate in these two capital increases on the same terms and conditions as Dongfeng Motor.”
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