WSJ: Peugeot and Chang'an shack up for new vehicle joint-venture
The difference in the two joint ventures is that Dongfeng makes and markets cars under the Peugeot and Citroën brands. Peugeot-Citroën and Chang'an, however, are creating a third brand together. What kind of vehicles that third brand will sell hasn't been disclosed. With Dongfeng and Chang'an, Peugeot-Citroën will have 650,000-vehicle production capacity in China, but Peugeot is considering raising it's 450,000-unit capacity with Dongfeng. The French company sold 176,000 cars in China through June, a 49% jump over last year.
[Source: Wall Street Journal]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models