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Changan eyes Peugot JV
Global Times | December 09, 2012 22:50
By Agencies
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China's Chongqing Changan Automobile Co said Saturday it plans to buy its parent's 50 percent stake in a car venture with Peugeot SA for 2 billion yuan ($321 million).

Chongqing Changan Automobile plans to buy the stake in Changan PSA Automobiles Co Ltd from its parent Changan Automobile Group. Changan PSA Automobiles is a 50-50 joint venture between Peugeot and Changan Automobile Group that manufactures premium cars.

 

Reuters


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