Peugeot Examining Partnerships to Expand Outside Europe
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PSA Peugeot Citroen, Europe’s second-biggest carmaker, is considering new cooperation agreements to raise cash for investments and expand outside its home continent, where demand is at a 20-year low.
The French automaker “is examining new industrial and commercial development projects with different partners, including the financial implications that would accompany them,” Jean-Baptiste Thomas, a Peugeot spokesman, said today. “None of these projects has reached maturity at this stage.”