Dongfeng Motor GroupRenault-Dongfeng China JV to rely heavily on NissanMarch 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.... Read More »
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.... Read More »
PSA gets EU backing to sell stake to French gov'tFeb. 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.... Read More »
PSA-Dongfeng deal seen as necessary, but skepticism remainsFeb. 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.... Read More »
'Car guy' Tavares will become PSA chief on March 31Feb. 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.... Read More »
PSA unveils Dongfeng deal with 2013 lossFeb. 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.... Read More »
Dongfeng deal buys PSA time, gives it new bloodFeb. 18, 2014 17:22 CET  PSA and Dongfeng have agreed on a 3 billion euro ($4.1 billion) capital tie-up that buys the French carmaker more time to turn around its business, brings in new management and ends two centuries of family control.... Read More »
PSA and Dongfeng sign capital tie-up deal, report saysFeb. 18, 2014 08:19 CET  PSA/Peugeot-Citroen and Dongfeng have signed a memorandum of understanding to proceed with a planned 3 billion euro ($4.1 billion) capital tie-up, a source said. The deal was signed after PSA's board approved the tie-up. An announcement is scheduled for Wednesday.... Read More »
Peugeot family approves draft Dongfeng deal, report saysFeb. 17, 2014 20:58 CET  PSA/Peugeot-Citroen's founding family gave the go-ahead on Monday for a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng Motor that would draw a line under one of France's oldest industrial dynasties, sources said.... Read More »
Peugeot family vote on PSA's future, report saysFeb. 16, 2014 16:40 CET  The Peugeot family, the largest shareholder in PSA/Peugeot-Citroen, will meet on Monday to decide whether to give its blessing to two deals aimed at securing the French carmaker's future, a source said.... Read More »
PSA recalls 9,285 cars in China on brake issueFeb. 14, 2014 10:48 CET  PSA's China joint venture with Dongfeng Motor will recall 9,285 cars due to contaminated brake fluid, China's quality watchdog said.... Read More »
BRUCE GAIN French gov't will be 'decisive' PSA stakeholder 12:01 am U.S. ET | Feb. 13, 2014  The French government doesn't intend to be a silent partner when it takes an expected step to acquire a 14 percent stake in PSA/Peugeot-Citroen.... Read More »
PSA and Dongfeng reach outline deal, report saysFeb. 12, 2014 17:55 CET  PSA/Peugeot-Citroen has reached an outline deal with Dongfeng and the French government to raise up to 4 billion euros in fresh capital and deepen cooperation with the Chinese carmaker, sources said.... Read More »
Dongfeng confirms talks with PSA but says no deal reachedFeb. 10, 2014 10:47 CET  Dongfeng confirmed that it had held talks with PSA about a potential investment in the French carmaker, but said no agreement had yet been reached between the two groups.... Read More »
PSA-Dongfeng talks to enter final stage in China, report saysFeb. 7, 2014 20:34 CET  PSA/Peugeot-Citroen negotiators and French government officials are leaving for China this weekend, sources said, for what they hope will be a final round of tie-up negotiations with Dongfeng Motor.... Read More »
PSA board restates support for Dongfeng talks amid Peugeot family squabbleFeb. 6, 2014 21:27 CET  PSA is sticking to a $4.1 billion stock-sale plan it's negotiating with France and Dongfeng amid criticism by investors and Peugeot family members.... Read More »
PSA investor group criticizes terms of planned capital hikeFeb. 4, 2014 10:45 CET  French minority shareholders' group ADAM has written to PSA to criticize the terms of a planned capital hike that will see Dongfeng and the French state take big stakes in the carmaker.... Read More »
PSA's chairman seeks to protect family role in carmakerJan. 30, 2014 09:00 CET  PSA/Peugeot-Citroen Chairman Thierry Peugeot has written to his cousin Robert Peugeot, head of the Peugeot family holding, to criticize a planned tie-up with China's Dongfeng Motor that would dilute the family's influence, a report said.... Read More »
BRUCE GAIN Is PSA about to become a 'three-headed monster'? 12:01 am U.S. ET | Jan. 21, 2014  PSA's planned recapitalization that would see Dongfeng and the French government join the Peugeot family as equal shareholders may create more problems than it solves for the struggling automaker.... Read More »
PSA board backs cash injection by Dongfeng, France gov'tJan. 20, 2014 10:17 CET  PSA's board approved a deal to raise 3 billion euros ($4.1 billion) by selling stakes to Dongfeng and the French government. The deal, if completed, would represent a defining moment in the history of the automaker.... Read More »
PSA to decide on funds from Dongfeng, report saysJan. 17, 2014 12:19 CET  PSA/Peugeot-Citroen's board was meeting Sunday to discuss a 1 billion euros ($1.4 billion) investment from Chinese automaker Dongfeng and the French state, sources said.... Read More »
PSA mulls new plant in China with DongfengJan. 17, 2014 10:16 CET  PSA is considering building a fourth car plant in China with its local joint venture partner, Dongfeng, to meet rising demand. PSA said it is in discussions with Dongfeng to raise the joint venture's production capacity as part of the automaker's plans to boost sales in the country.... Read More »
Renault will build SUVs in China with DongfengDec. 16, 2013 09:19 CET  Renault will build SUVs at its joint venture factory with Dongfeng as it targets to sell locally made vehicles in China by 2016.... Read More »
Renault will build SUVs in China with Dongfeng 3:19 am U.S. ET | Dec. 16, 2013  Renault will build SUVs at its joint venture factory with Dongfeng as it targets to sell locally made vehicles in China by 2016.... Read More »
Peugeot shares slump after GM move to sell 7% stake 6:04 am U.S. ET | Dec. 13, 2013  PSA Peugeot Citroen shares plunged Friday after GM announced plans to sell its entire Peugeot stake amid the struggling French carmaker's efforts to seek financial help from its Chinese partner.... Read More »
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