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Peugeot Citreon's fourth production plant in China has just been given the greenlight by Chinese authorities. It'll be worth $2.0million. Peugeot is partnering with Dong Fen Motor Corp, who is China's biggest car manufacturer, and actually owns a 14% stake in Peugeot.
PSA agreed to the 14% sell off to help with it's financial troubles earlier this year and apparently has capacity to make 750,000 cars in China each year from its existing plants. The new plant will make an additional 320,000, with a focus on cross-over and SUV type cars.
China is Peugeot's great white hope and the main market that they see will get them out of financial turmoil.
Is the RCZ on sale there?
PSA agreed to the 14% sell off to help with it's financial troubles earlier this year and apparently has capacity to make 750,000 cars in China each year from its existing plants. The new plant will make an additional 320,000, with a focus on cross-over and SUV type cars.
China is Peugeot's great white hope and the main market that they see will get them out of financial turmoil.
Is the RCZ on sale there?