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Wed 19 Feb 2014 11:46 AM

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China's Dongfeng and Peugeot agree tie-up

China’s Dongfeng is set to take a major stake in PSA Peugeot Citroen as part of a rescue deal for the struggling car manufacturer. Dongfeng is China’s second biggest carmaker, and is to inject €800m ($1.1bn) into Peugeot, as will the French government.

(Source: euronews YouTube channel)