Tag Archives: seen as necessary

PSA-Dongfeng deal seen as necessary, but skepticism remains

PSA/Peugeot-Citroen’s capital tie-up with China’s Dongfeng Motor and the French government may not bring stability to the struggling automaker, observers said.The financial newspaper Les Echos described the deal as “the dragon that came to the rescue of the lion. The lion isn’t dead, but it has radically changed its appearance.”