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Peugeot seeks Chinese cash injection

2013-12-14 12:57:26| Auto Dealers - Topix.net

PSA Peugeot Citroen has agreed to a 1.1 billion writedown at its ailing overseas operations in return for an end to General Motors' opposition to the French carmaker's proposed tie-up with China's Dongfeng Motor Group, that would give it the time and cash to pull out of its downward spiral.

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