Dongfeng Motor Group

Nissan and Dongfeng form JV for Infiniti in China

Sept. 22, 2014 12:27 CET
Nissan has formed a joint venture with Dongfeng Motor in China dedicated to producing premium Infiniti vehicles. Nissan and Dongfeng each will control 50 percent of the JV, which will start by making the Q50L and QX50....
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Peugeot edges closer to rejoining key stock index

Aug. 13, 2014 13:10 CET
Peugeot, whose losses led to a government bailout earlier this year, may already be close to an important recovery milestone: a return to France's benchmark stock index....
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Beijing Hyundai, Dongfeng Citroen tie for top score in China satisfaction survey

July 18, 2014 06:01 CET
Beijing Hyundai and Dongfeng Citroen topped mass-market brands in a J.D. Power survey of Chinese consumers' satisfaction with the car-buying experience. The joint ventures scored significantly higher than other mass-market brands....
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PSA-Dongfeng raises 2014 China sales target

July 7, 2014 14:42 CET
PSA's Chinese joint venture with Dongfeng raised its 2014 sales target by about 50,000 vehicles after sales rose 24 percent in the first six months....
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Thierry Peugeot to leave PSA board after voicing dissent over capital tie-up with China's Dongfeng

July 3, 2014 18:53 CET
PSA/Peugeot-Citroen's deputy chairman, Thierry Peugeot, was forced out after voicing public dissent over the automaker's tie-up with Dongfeng that he had unsuccessfully opposed....
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PSA-Dongfeng's fourth China plant receives approval

July 2, 2014 11:38 CET
PSA has signed an agreement with Chinese authorities to build a fourth factory with partner Dongfeng. The new plant will boost the venture's annual production capacity in China to 1 million units when it begins output in 2016, PSA said....
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Peugeot family says it will remain influential in PSA

May 15, 2014 09:04 CET
The Peugeot family will remain influential in PSA/Peugeot-Citroen after China's Dongfeng and the French state took stakes in the automaker, Robert Peugeot, head of the FFP family holding company, said....
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PSA begins stock sale after Dongfeng, France buy stakes

April 29, 2014 10:45 CET
PSA/Peugeot-Citroen is offering stock to investors at 6.77 euros a share after selling stakes to Dongfeng Motor and the French state at a higher price. The lower price "is further negative news" for the automaker," according to an analyst....
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PSA shareholders back Dongfeng tie-up

April 25, 2014 17:28 CET
Shareholders of PSA/Peugeot-Citroen approved a rescue deal that makes Chinese carmaker Dongfeng and the French state core shareholders of the struggling automaker....
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Peugeot shareholders back plan for $4.2 billion capital hike

12:04 pm U.S. ET | April 25, 2014
PSA Peugeot Citroen owners voted to support a 3 billion-euro ($4.2 billion) capital increase to boost funding at Europe's second-largest carmaker, which has been unprofitable for the last two years....
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BRUCE GAIN

PSA will survive for now, but long-term challenges remain

6:42 am U.S. ET | April 17, 2014
PSA/Peugeot-Citroen CEO Carlos Tavares' Back in the Race business plan and a cash injection from Chinese partner Dongfeng are almost certainly enough to ensure his company's short-term survival, but PSA's long-term prospects remain uncertain....
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Old and new alliances crucial to Tavares' turnaround plan for PSA

April 15, 2014 13:48 CET
PSA/Peugeot-Citroen will keep its industrial partnerships with General Motors, Toyota and Fiat despite the arrival of China's Dongfeng as a stakeholder in the automaker, CEO Carlos Tavares said....
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PSA's Tavares prepares to tackle pricing, low-cost threats

April 12, 2014 12:08 CET
PSA/Peugeot-Citroen's prospects may be brightening as Europe emerges from a market slump, but new CEO Carlos Tavares still faces long odds as he prepares to present his Back in the Race recovery plan on Monday....
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PSA partner Dongfeng posts strong 2013 profit

March 31, 2014 12:17 CET
Dongfeng Motor, which is taking a 14 percent stake in PSA, reported a better-than-expected 16 percent rise in 2013 profit due to a rebound in sales at its Japanese partners....
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PSA and Dongfeng may cooperate in Russia, Brazil

March 28, 2014 11:20 CET
Dongfeng Motor Chairman Xu Ping said his company's cooperation with PSA could be expanded to include Brazil and Russia, two regions where the French automaker must improve its financial performance....
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PSA signs Dongfeng deal; recovery hurdles remain

March 26, 2014 19:36 CET
French President Francois Hollande and his Chinese counterpart, Xi Jinping, oversaw the signing of a deal that will see Dongfeng Motor and the French government take matching 14 percent stakes in PSA/Peugeot-Citroen....
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PSA board selects ex-Airbus chief Gallois as new chairman

March 19, 2014 06:01 CET
PSA/Peugeot-Citroen's board selected ex-Airbus Group CEO Louis Gallois as its next chairman as the carmaker prepares for a capital tie-up with Dongfeng. He will succeed Thierry Peugeot as the first chairman outside the company's founding family....
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Dongfeng CEO says his company won't 'eat' PSA

March 15, 2014 06:01 CET
Dongfeng CEO Zhu Fushou has sought to quell fears over his company's planned purchase of a 14 percent stake in PSA, saying the Chinese company was not seeking to take control of PSA....
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PSA narrows search for new chairman

March 13, 2014 06:01 CET
PSA has narrowed the search for a new supervisory board chairman to ex-Airbus Group CEO Louis Gallois and former Nexans CEO Gerard Hauser, a source said....
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Renault-Dongfeng China JV to rely heavily on Nissan

March 6, 2014 06:01 CET
Renault will rely heavily on alliance partner Nissan for manufacturing staff in China when it starts producing locally built crossovers with Dongfeng in 2016....
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YANG JIAN

Why the PSA-Dongfeng deal does more harm than good

12:01 am U.S. ET | Feb. 27, 2014
The bailout that PSA negotiated with the French government and Dongfeng will prop up the French automaker in the short term but could cripple its competitiveness in the long run....
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PSA gets EU backing to sell stake to French gov't

Feb. 20, 2014 09:49 CET
PSA has initial EU backing on its agreement to sell a stake to its home government. PSA plans a 3 billion euro capital increase in which Dongfeng Motor and the French state will contribute about half the money for stakes of 14 percent apiece....
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PSA-Dongfeng deal seen as necessary, but skepticism remains

Feb. 20, 2014 12:27 CET
PSA/Peugeot-Citroen's tie-up with Dongfeng and the French government may not bring stability to the struggling automaker, observers said. PSA will change radically after “the dragon came to the rescue of the lion," a newspaper said....
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'Car guy' Tavares will become PSA chief on March 31

Feb. 19, 2014 12:36 CET
Industry analysts say former Renault executive Carlos Tavares, who will succeed Philippe Varin as PSA CEO on March 31, is the right man to lead the automaker....
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PSA unveils Dongfeng deal with 2013 loss

Feb. 19, 2014 06:01 CET
PSA/Peugeot-Citroen announced a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng Motor as the French carmaker posted a further loss for 2013. PSA warned that it may not halt losses until 2016 -- a year later than initially promised....
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