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Chang’an Auto to buy JV stake from parent

By Xu Xiao Chang'an Automobile Co, a Shenzhen-listed company under the Chang'an Automobile Group, will become the new partner of Chang'an PSA in the fourth quarter this year, Jiang Aiqun, a spokesman for the company, told reporters recently. Previously, the Sino-French joint venture Chang'an PSA was a 50-50 venture between

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China’s dealers pessimistic about 2013

SUZHOU – The vast majority of Chinese dealers believe that growth of China’s automobile sales would be in the single digit range in 2013, according to a poll conducted by the China Automobile Dealers Association (CADA) at its annual conference held here on November 28-30. About 83 percent of the

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Chang’an-PSA partnership reflects new JV orientatio

PARIS - China Chang'an Auto Group Corp. (Chang'an) and French leading carmaker PSA Peugeot Citroën (PSA) signed an agreement on July 9 to form an equally owned joint venture in China. The new joint venture will be capitalized at ¥4 billion ($590 million), which will be equally shared by the

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