Peugeot in talks with Dongfeng about potential partnership, not capital increase
Listed French car maker PSA Peugeot-Citroen is not holding discussions about a potential capital increase with Chinese competitor Dongfeng, CNBC reported. The report cited Chief Executive Maxime Picat as saying that Peugeot is indeed in talks with Dongfeng, but rather about a potential partnership and the creation of future industrial and commercial developments.
Picat added that PSA had no short-term issues regarding its financial situation as the group can boast around EUR 11bn of financial guarantees.
Source CNBC