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PSA’s Financing Unit Set To Win EU Approval For State Aid By Next Week
A $9.25 billion (€7B) loan guarantee from the French national government for the Banque PSA Finance arm of PSA/Peugeot-Citroen, Europe’s second largest car company, will likely gain approval from...
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PSA Peugeot Citroen Wins EU Approval For 7 Billion Euro Loan From French...
Europe’s second biggest automaker, PSA Peugeot Citroen, has gotten approval from the European Union for the French government to guarantee $9.28 billion (7 billion Euros) in bonds to provide Banque...
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China’s Dongfeng Reported to be Buying 30% Stake In PSA/Peugeot-Citroen
After the China Business News reported that Dongfeng Motor will purchase a 30% stake in PSA/Peugeot-Citroen for $1.63 billion (10 billion yuan) the French automaker confirmed that it is indeed having...
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Dongfeng Motors, French Government to Buy Stakes in PSA
Reuters has reported that Chinese automaker Dongfeng and the French government will be taking equity stakes in PSA/Peugeot-Citroen after injecting $4.1 billion into PSA. Under the draft agreement,...
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Reuters: Dongfeng/PSA Tie-Up Resulted From GM Scaling Back Cooperation
Reuters is reporting that the reason behind PSA/Peugeot Citroen’s financial tie-up with China’s Dongfeng Motors was the decision of General Motors, which owns 7% of the French automaker, to scale back...
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Peugeot-Dongfeng Negotiations Slower Than PSA Had Hoped
Sources are telling Reuters that negotiations over a proposed $4.11 billion tie-up between Dongfeng Motors and PSA Peugeot Citroen, backed by the French national government, are going more slowly than...
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PSA: Business Model for Joint Small Car With GM “Just Wasn’t There”
The next Citroen C3 and Peugeot 208 will not share a platform with Opel’s Corsa as originally planned In the wake of news that China’s Dongfeng Motors is going to take an equity stake in PSA/Peugeot...
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Renault Prepares to Resume Export of Component Kits for Iranian Assembly...
Pars Khodro production line for Renault Megane As governmental negotiations proceed with Iran, Renault is going forward with plans to resume exporting car parts there, pending the easing of trade...
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GM Sells PSA Peugeot Citroen Stake For A $150 Million Gain, Blesses...
GM CEO Dan Akerson and PSA CEO Phillipe Varin when the tie-up between their two companies was announced in 2012. Now, Akerson and Varin are both on their way out and GM has sold its 7% stake in PSA,...
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