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PSA’s Red Chamber Dream

China’s second largest automaker has been holding talks about buying a stake in the troubled French carmaker PSA Peugeot Citroën. PSA has experienced the worst performance in recent history in the first five months of 2013: a decline of 14 percent in sales year-on-year to 582,000 units in Europe. Confronted

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Chang’an-PSA to start operation in October

SHANGHAI – Eric Apode, president of Chang’an-PSA joint venture, announced in Shanghai on July 25 that the company expects to get approval from the Ministry of Commerce and receive operating license in October, according to a report on auto.qq.com. Apode said Chang’an-PSA will hold its opening ceremony this October in Shenzhen. The joint venture will

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Chang’an-PSA joint venture receives government approval

SHENZHEN – The establishment of Chang’an PSA Automobile Co., Ltd (CAPSA), a joint venture between China Chang’an Automobile Group (Chang’an), one of China’s four biggest automakers, and French automaker PSA Peugeot Citroën (PSA), has been approved by China’s National Development and Reform Commission (NDRC), according to a company press release

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Chang’an-PSA Shenzhen plant to begin construction in April

SHENZHEN – The Chang’an-PSA new plant will break ground in Shenzhen this April, reported the 21st Century Business Herald. Jointly established by Chang’an Automobile Group (Chang’an) and the French automaker PSA Peugeot Citroën (PSA), the joint venture will be approved by the National Development and Reform Commission (NDRC) in March,

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