Peugeot in talks over investment from China

By

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

Reading articles is for subscribers only. Subscribe now.

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.