Lossmaking Peugeot confirms €3bn deal with Dongfeng and France


End of an era as Peugeot family loses control of a company it has run since the early days of steam-powered cars in 1889.

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PSA Peugeot Citroën on Wednesday confirmed its deal to raise €3bn from Chinese automaker Dongfeng and the French state, as the troubled carmaker reported a narrowing of its net loss in 2013, reports The Financial Times.