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Groupe PSA acquires controlling interest in Chinese spare parts distributor Jianxin

SHANGHAI – Groupe PSA said in a statement on February 9 that it has acquired a controlling stake in Chinese automotive spare parts distributor Shanghai Jianxin Enterprise Management Co., Ltd. to accelerate the French automaker’s rollout of its aftermarket offerings in China, a market that represents about 130 million vehicles. By

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DS brand to establish China and Asia Pacific HQ in Shenzhen as Chang’an and PSA deepen cooperation

SHENZHEN – French carmaker Groupe PSA’s DS premium brand will set up its China and Asia Pacific headquarters in Shenzhen, Guangdong Province, following the signing of an in-depth strategic cooperation agreement between Chang’an Automobile Co., Ltd. and PSA here on June 7 to further deepen cooperation. The brand, which is

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China factor in Paris

No Chinese automaker exhibited at this year’s Paris Motor Show (in fact none had ever done so at the biennial show). But many of the concepts and new models that made their global debuts at the show, which had a heavy European flavor and was home court advantage for the

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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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Shanghai-GM to produce 1.0T engines in Wuha

SHANGHAI – Shanghai-GM will manufacture new generation C-series 1.0T engines at its plant in Wuhan, Hubei Province, according to a statement released by Wuhan Provincial Development and Reform Commission at the end of March, as reported by Gasgoo.com. The engines, which are expected to be put into production in 2017,

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