Peugeot Looks To Chinese To Buy Controlling Interest

Peugeot is considering selling a stake of the company to Chinese car manufacturer Dongfeng Motor in an attempt to raise cash for an expansion of the brand and help boost profits.

No official statement from Peugeot has been made as yet but reports suggest talks between the two manufacturers are at a preliminary stage. The Peugeot family currently owns 25.5 per cent of the company’s shares, but the sale could lead them to lose control of the French company.


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carsnyc - 9/19/2013 1:41:42 PM

+1 Boost

First Volvo and now this?

Agent009 - 9/19/2013 3:26:26 PM

+2 Boost

It really bothers me that it took a 100 years to build these great companies and in a decade we sell them to a country that essentially was in the stone age a few decades before.