Published on February 20, 2014 by Joey Wang
Dongfeng Motor is to pay approximately 800 million euro ($1.1 billion) for a 14% stake in PSA Peugeot Citroen, the leading French carmaker, while the French government is expected to acquire an equal stake.
As a result, Dongfeng Motor, the French government and the Peugeot family will hold the same number of shares in Peugeot. A new committee overseeing Asia development will be created in the supervisory board of Peugeot, to be chaired by a representative of Dongfeng.
Published on February 6, 2014 by W.E. Ning
This is the new China-made Peugeot 2008 SUV, seen here on the Bund in Shanghai. The 2008 will be launched on the China car market in April. The Peugeot 2008 will be made in China by the Dongfeng-PSA joint venture to compete with cars such as the hot selling Ford Kuga, the Buick Encore, and Nissan Qashqai.
Published on January 3, 2014 by Joey Wang
New spy shots of the China-made Peugeot 2008 SUV. The Peugeot 2008 will be launched on the China car market in April. The Peugeot 2008 will be made in China by the Dongfeng-PSA joint venture to compete with cars such as the hot selling Ford Kuga and Nissan Qashqai.
Published on December 30, 2013 by W.E. Ning
New spy shots of the Peugeot 308 sedan testing in China. The new Peugeot 308 sedan will debut on the Beijing Auto Show in April and it will be launched on the China car marker around the same time. The Peugeot 308 sedan will be made in China by the Dongfeng-PSA joint venture.
Published on December 15, 2013 by Joey Wang
It looks more certain by the day that a Chinese state owned automaker will buy a major stake in a major active European automaker for the first time. The giant Dongfeng Motor conglomerate wants the ailing French car company PSA Peugeot Citroen, and all signs say they will get it soon.
PSA Peugeot Citroen’s board has approved a plan for an alliance with Dongfeng in which the Chinese carmaker and the French state would buy large minority stakes at a 40 percent discount to Peugeot’s current share price, a source familiar with the matter said.
Published on December 13, 2013 by Tycho de Feijter
The new Peugeot 2008 SUV will be launched on the China car market in April 2014. The Peugeot 2008 will be made in China by the Dongfeng-PSA joint venture to compete with fine cars such as the successful Ford Kuga and Nissan Qashqai.
Published on December 12, 2013 by Tycho de Feijter
Peugeot is developing a new mid-size SUV for the Chinese car market. The SUV will be called Peugeot 6008 and it is expected to debut in 2015. The 6008 is based on the new PSA EMP2 flexible platform, which is available with a wheelbase of 2620mm, 2840mm, or 2900mm.
Power will come from a 163hp 1.6 liter turbocharged four cylinder and from a new V6 engine that is currently under development especially for Asian markets. Price will start around 200.000 yuan and end around 250.000 yuan.
The Peugeot 6008 SUV will be made in China by the Dongfeng-PSA joint venture. Currently, Dongfeng-PSA makes only one SUV, the Peugeot 3008. In the future the JV will also manufacture the 2008 and 4008, besides the 6008.
Published on November 25, 2013 by Joey Wang
The might of the largest Chinese car companies is growing in a ever faster pace. The latest example is Dongfeng Motor, which is considering the purchase of a large stake in troubled PSA Peugeot Citroen, but only if Chief Executive Philippe Varin leaves the company first. PSA has already started interviewing candidates to replace Varin, after Chinese partner Dongfeng said a deeper alliance should be accompanied by management change.
Published on November 21, 2013 by Joey Wang
The China-made Peugeot 2008 SUV has arrived at the 2013 Guangzhou Auto Show where it will debut tomorrow, but we got it one day earlier. A completely uncovered example was seen on the Peugeot booth-under-construction in the exhibition hall, sadly painted in that boring brown that seems to become a trend here in China.
Published on November 20, 2013 by Tycho de Feijter
The 2014 Peugeot 301 sedan has been launched on the China car market. Price starts at 84.700 yuan and ends at 116.700 yuan. The Peugeot 301 is a new small-size sedan especially developed for emerging markets. The Peugeot 301 is basically the same car as the new Citroen C-Elysee that was launched in September.