Peugeot in talks over investment from China


The ailing French carmaker says it is in negotiations with state-owned Dongfeng Motor after General Motors sold its 7 percent share.

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PSA Peugeot Citroën, the ailing French automaker, moved closer to grabbing a financial lifeline on Thursday, saying that it was in negotiations with Dongfeng Motor, a state-owned Chinese company with which it already has a joint venture, that could lead to “a potential capital increase,” reports The New York Times.