China's Dongfeng Reportedly Planning to Buy a Third of PSA Peugeot-Citroen

Volvo seems to be doing fine under Chinese ownership, even though most were understandably skeptical, immediately after hearing about that controversial deal going down.

We’re bringing this up now, because another traditional European manufacturer, PSA Peugeot-Citroen, is having serious financial trouble and according to a recent report, China-based automaker Dongfeng is looking to grab a third of the company’s shares.

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