Peugeot, Dongfeng strengthen alliance
Strengthened partnership will include access to Dongfeng's Chinese supplier base
Automakers PSA Peugeot-Citroën and Dongfeng Group have said they will together invest EUR200 million (USD216 million) to develop a common platform for small and medium-sized cars. The models built on the shared platform are expected to hit the market in 2019. PSA will invest 60% of the amount. "We have full confidence in the rejuvenation of PSA," said Dongfeng Group chairman Xu Ping.
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