PSA Peugeot-Citroen is negotiating with Chang’an Motor Corp, China’s fourth-largest automaker, to create the French company’s second joint venture in China, with the contract expected to be signed shortly after the upcoming Spring Festival,as China Daily reports.
Other top worldwide automotive producers such as Volkswagen General Motors, Toyota and Honda already use the bi-joint-venture business scheme in China. PSA Peugeot-Citroen is already in a partnership with Dongfeng Motor Corp, the thi… (read more)