Peugeot, Dongfeng work out restructuring plan for Chinese venture

Peugeot, Dongfeng work out restructuring plan for Chinese venture

FILE PICTURE: The Peugeot logo is seen at a dealership of French car maker PSA Peugeot-Citroen in Selestat, eastern France, September 7, 2012. REUTERS/Vincent Kessler

Peugeot automaker PSA Group and its Chinese partner Dongfeng Group have hammered out a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025, PSA said on Thursday.

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