Peugeot in talks to sell stake to Chinese automaker




PSA Peugeot Citroën is in talks to sell “a significant stake” to Chinese automaker Dongfeng,

the

Financial Times

reported.

Peugeot is undergoing a restructuring “to address heavy operating losses and rapid cash burn” amid a steep decline in European car sales, the report noted.

Peugeot and Dongfeng already have a partnership that operates assembly plants in China, the

FT

article said.

The French government might object to a large dilution of French ownership of Peugeot, the report said. (Source:

Financial Times,

Oct. 10, 2013.)

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