PSA Peugeot Citroen is looking into ways to expand Chinese operations and thus gain an 8 percent market share in the country by 2016, company officials said. Furthermore, the alliance wants to grow as much as 30 percent in 2010 in China, while the country’s auto sector is projected to post an increase of 15 percent.
Peugeot Citroen is currently holding a Chinese market share of 3.4 percent, according to Jean-Marc Gales, head of the Peugeot and Citroen brands.
In short terms, the easiest wa… (read more)