Updated: 02/18/2014 23:17 | By Agence France-Presse

Peugeot board approves capital tie-up with France, Dongfeng

The board of cash-strapped French carmaker Peugeot on Tuesday approved a capital tie-up with the French state and China's number two auto manufacturer Dongfeng, a source told AFP.


Peugeot board approves capital tie-up with France, Dongfeng

An assembly line on PSA Peugeot Citroen's plant in Sochaux, western France - by Jeff Pachoud

Under the deal, the French state and Dongfeng are expected to each inject 800 million euros ($1.1 billion) for 14 percent stakes in the company.

Latest Photo Galleries on xinmsn

NEWS VIDEOS

MORE NEWS VIDEOS

facebook recommendations

LIVE NEWS RADIO STREAMING

  • 938 Live

    938LIVE is Singapore's only English news and talk station which transmits round the clock with an engaging and enticing spread of programmes on current affairs, health, business and lifestyle as well as news every half hour until midnight.

  • Capital 958


    95.8FM城市频道的前身是"第三广播网"。上个世纪30年代末,新加坡就有中文广播,一路走来经过不少政治,社会局势的改变,中文广播在本地一直扮演举足轻重的角色。