Tag Archives: PSA

Dongfeng Getting closer to NEVS-Saab

Swedish truck maker Volvo Group said Monday it had completed the acquisition of 45 percent of a subsidiary to Chinese motor giant Dongfeng for $893 million (741 million euros). Announced in January 2013, and now confirmed by Beijing, the deal awards Volvo a share in Dongfeng Commercial Vehicles (DFCV) worth 5.5 billion yuan. The other
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Mahindra in alliance talks with PSA and NEVS

Indian carmaker Mahindra & Mahindra is reportedly exploring alliance opportunities with PSA-Peugeot-Citroen and the Saab brand owner, NEVS. The Indian newspaper Economic Times reported that Mahindra is taking into account partnerships with the two car brands as it is looking to offset slow sales in its home market by getting a stronger global presence. China’s National
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