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Report – Peugeot aims for 1 million cars locally produced in China


According to people familiar with the situation, PSA Peugeot Citroen is aiming to produce 1m cars a year in China for Asian markets with local automaker Dongfeng, as part of their industrial partnership. Under current alliance proposals, Dongfeng and the French state will take a 14 % stake in Peugeot as part of an effort to raise €3 billion in capital. ...
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More asia articles

Toyota supplier boosts spending for new models
Toyoda Gosei Co., a supplier to Toyota Motor Corp., the world’s biggest automaker, plans to increase capital spending next fiscal year as carmakers roll out new models. Tadashi Arashima, president of ...
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Rolls-Royce targets bigger sales on Wraith coupe
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New Nissan Terrano has a 2-month waiting list
Ordering the brand new Nissan Terrano may seem trickier than it really is because the low-cost SUV has a 2-month waiting list. Even if it was unveiled just a couple of ...
Southeast Asia is the new market to go for automakers
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Tesla has surprisingly good second-quarter profit
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McLaren Expands Its Dealership Network in Asia
McLaren Automotive wants to increase the number of dealerships in Asia to 13 this year, part of its plans to rapidly expand in the world’s largest auto market. Although the economy ...

latest automotive news
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