Dongfeng

How the Peugeot family lost control of its car business

France — Analysis

Earlier this week the French state and Chinese car maker Dongfeng agreed to take major stakes in the French car manufacturer PSA Peugeot Citroën. It marks the end of an era; from now on the Peugeot family are no longer the dominant voice in a company they have run since the days of the first steam-powered cars at the end of the 19th century. For many observers it was the inevitable outcome for a family that was torn in different directions and for a car manufacturer that had been left trailing in the slipstream of its main rivals. Martine Orange reports on how one of France's best-known families lost control of its own company.

Lossmaking Peugeot confirms €3bn deal with Dongfeng and France

France — Link

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.