It has launched a mobility app in the US to start.
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U.S. car shoppers are about to get a new brand to choose from.
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Peugeot PSA Citroen will get a three-billion Euro injection backed in part by Chinese stakeholder Dongfeng.
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PSA Peugeot Citroen and Dongfeng Motor Group have agreed on the main terms of an alliance that will be backed by a $4.1 to $5.5 billion capital injection for the French automaker.
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In a second phase of the alliance General Motors and PSA Peugeot Citroën signed earlier this year, both automakers are exploring ways to combine their European operations in a joint venture.
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World War II jokes aside, the French and the Germans are joining forces this time…and for powers of good. BMW and PSA Peugeot Citroën plan to invest 100 million Euros and the efforts of 400 employees into developing hybrid technology, to be shared by both brands. The program, excitingly titled “BMW Peugeot Citroën Electrification,” will...
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