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Dongfeng and Groupe PSA establish leasing JV

WUHAN – Dongfeng Motor Group Co., Ltd. (DFG), Banque PSA Finance (BPF, the captive financing and mobility services provider of Groupe PSA) and Dongfeng-Peugeot-Citroën Automobiles (DPCA) signed a tripartite agreement here on March 23 to create a financial leasing joint venture to offer long-term leasing solutions with or without purchase

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The good and the bad: market off to mixed start for the New Year

The Chinese like to say “kaimenhong” which means an auspicious start to something new. For the country’s auto industry, the New Year started out with a bang for some but inauspicious for others, in an overall market that was flat. Auto sales hit 2.52 million units in January, up

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DPCA inaugurates Chengdu plant, starts production of Peugeot 4008

CHENGDU, Sichuan – Dongfeng-Peugeot-Citroën Automobile Co., Ltd. (DPCA) inaugurated its new plant in Chengdu, Sichuan Province on September 7 and began production of the Peugeot 4008 the same day. The Chengdu plant becomes the fourth plant in China for DPCA, which already has three plants in Wuhan, Hubei Province. It

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DPCA announces 5A+ mid-term plan as Dongfeng and PSA strengthen strategic partnership

WUHAN, Hubei – Dongfeng-Peugeot-Citroën Automobile Co., Ltd. (DPCA), the 50:50 joint venture between Dongfeng Motor Corp. and PSA Group, announced its 5A+ mid-term business plan at a press conference here on May 11. The 5A+ mid-term business plan has three strategic objectives: to move DPCA into the top 3 ranking

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Liu Weidong: Zero or negative growth could persist for some time to come

Industry sales growth will fall below 3 percent and even zero or negative growth could persist for some time, predicted Liu Weidong, vice president of Dongfeng Motor Corp. “The industry is at a turning point,” said Liu. “Annual growth will be below 3 percent during the 13th Five-Year Plan period

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Li Chunrong: Dongfeng PSA cooperation model in post JV era should be repeated

“Dongfeng PSA cooperation model in post JV era can and should be repeated in China’s automotive industry,” said Li Chunrong, president of Dongfeng Passenger Vehicle Co. (DFPV). “The cooperation model is in both Dongfeng and PSA’s favor.” The L60 is the first Dongfeng brand model made by Dongfeng-Peugeot-Citroën Automobile Co.,

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