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FRANCE-CHINA-AUTO-DONGFENG-PSA
French manufacturer PSA Peugeot Citroen's current Chairman Philippe Varin (R) shakes hands with newly-appointed CEO Carlos Tavares during a press conference announcing the company's 2013 results at the PSA headquarters in Paris on February 19, 2014. Chinese carmaker Dongfeng hopes its acquisition of a $1.1 billion stake in struggling French manufacturer PSA Peugeot Citroen will bring it a technology dividend and access to Western markets, but analysts say the road is likely to be long and bumpy. Peugeot on February 19 announced that China's state-controlled Dongfeng Motor Corp. and the French government will each inject 800 million euros ($1.1 billion) for 14 percent stakes in the company, leaving the Peugeot family with a similar-sized shareholding. Altogether the firm is raising at least three billion euros. AFP PHOTO ERIC PIERMONT
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Detalii fotografie |
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Paris, FRANCE |
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AFP / Mediafax Foto |
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| Fotograf: |
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ERIC PIERMONT |
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| Data: |
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19 Februarie 2014 |
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2363 x 2766 (1.08 MB) |
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