Adds monetary particulars
Adds monetary particulars
PARIS/BEIJING, Nov 28 (Reuters) – Peugeot maker PSA Group PEUP.PA is getting ready to promote its 50% stake in a three way partnership with Chinese language accomplice Chongqing Changan Automotive 000625.SZ, a spokesman for the French carmaker mentioned on Thursday.
Changan has already signalled in regulatory filings from early November that it is in search of a purchaser for its half of the enterprise, which builds automobiles beneath PSA’s DS model.
The manufacturing tie-up, often called Capsa, was arrange in 2011 and has struggled with falling gross sales.
PSA can also be seeking to promote out of the enterprise, a spokesman shelp, although the group added that it could nonetheless look to roll out DS in China, with out giving additional particulars of how.
“The 2 companions plan to promote their stakes of their three way partnership,” the spokesman mentioned. “That doesn’t change something concerning DS’s presence and improvement in China, a brand new strategic plan will probably be offered within the coming weeks or…