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China’s Changan Automobile Bails on PSA Due to Poor DS Sales

China’s Changan Automobile Bails on PSA Due to Poor DS Sales

China's Chongqing Changan Automobile has agreed to sell its $234.22 million US stake in its joint venture with Groupe PSA to a subsidiary of Baoneng, the company said in a statement last week.A spokesman for PSA also confirmed last week that the company would sell its stake in CAPSA to the Baoneng ...
PSA to Split with Changan and Capsa in China – An Omen for Citroën?

PSA to Split with Changan and Capsa in China – An Omen for Citroën?

PSA announced last Thursday that it is readying to sell its 50% stake in its Chinese partnership with Changan (Chongqing Changan Automotive) which builds cars under PSA's DS brand.Changan had already signalled in regulatory filings from early November that it was seeking a buyer for its half of the ...

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