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Peugeot board approves deal with Dongfeng

December 15, 2013 by Joey Wang

Peugeot board approves deal with Dongfeng

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.

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Peugeot 2008 will be launched on the China car market in April 2014

December 13, 2013 by Tycho de Feijter

Peugeot 2008 will be launched on the China car market in April 2014

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.

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Peugeot developing mid-size 6008 SUV for the Chinese car market

December 12, 2013 by Tycho de Feijter

Peugeot developing mid-size 6008 SUV for the Chinese car market

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.

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Peugeot CEO willing to step aside for China

November 25, 2013 by Joey Wang

Peugeot CEO willing to step aside for China

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.

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China-made Peugeot 2008 SUV arrives at the Guangzhou Auto Show

November 21, 2013 by Joey Wang

China-made Peugeot 2008 SUV arrives at the Guangzhou Auto Show

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.

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Peugeot 301 launched on the China car market

November 20, 2013 by Tycho de Feijter

Peugeot 301 launched on the China car market

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.

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Spy Shots: 2014 Peugeot 308 sedan testing in China

November 8, 2013 by W.E. Ning

Spy Shots: 2014 Peugeot 308 sedan testing in China

Spy shots showing the new 2014 Peugeot 308 sedan testing in China. The new Peugeot 308 sedan will debut on the April 2014 Beijing Auto Show 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.

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China’s Dongfeng wants 30% stake in PSA Peugeot

October 11, 2013 by Joey Wang

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Insiders from Dongfeng have confirmed that the company was in talks with the struggling French automaker PSA Peugeot to acquire a 30 percent stake, which would make Dongfeng Motor Corp – China’s second-largest automaker – the largest shareholder in Peugeot-Citroen. The deal has an estimated worth of 10 billion yuan ($1.63 billion).

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New Citroen C-Elysee hits the China car market

September 27, 2013 by Tycho de Feijter

New Citroen C-Elysee hits the China car market

The new Citroen C-Elysee has been launched on the China car market. Price starts at 83.800 yuan and ends at 118.800 yuan. The current C-Elysee, based on the first generation Citroen ZX, will continue as a super-cheap budget car, likely to be called ‘C-Elysee Classic’. The current and new C-Elysee are made in China by the Dongfeng-PSA joint venture.

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New Citroen C-Elysee will hit the China car market on September 26

September 24, 2013 by Joey Wang

New Citroen C-Elysee will hit the China car market on September 26

The new Citroen C-Elysee will be launched on the China car market on September 26. The current C-Elysee, based on the first generation Citroen ZX, will continue as a super-cheap budget car, likely to be called ‘C-Elysee Classic’. The current and new C-Elysee are made in China by the Dongfeng-PSA joint venture.

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