Arab Today, arab today peugeot shareholders approve dongfeng french state\s stakes
Last Updated : GMT 02:15:51
Arab Today, arab today
Arab Today, arab today

Peugeot shareholders approve Dongfeng, French state\'s stakes

Arab Today, arab today

Arab Today, arab today Peugeot shareholders approve Dongfeng, French state\'s stakes

Paris - AFP

Shareholders of French auto giant Peugeot Citroen on Friday approveda 3-billion-euro capital injection in a move that hands partial control to Chineseautomaker Dongfeng and the French state.Under the deal, Dongfeng and the French state would contribute 1.048 billion eurosin capital.The second part of the injected funds reaching 1.952 billion would come from all ofthe group's shareholders, including the French state and Dongfeng. France and Dongfeng -- China's second biggest automaker and controlled by theChinese state -- would then hold 14 percent of the company each, on par with thePeugeot family.Peugeot, the biggest auto group in France with about 90,000 employees, desperatelyneeds new capital to climb away from near disaster and develop innovative hybridengine technology.It has already been effectively rescued by the French state with guarantees of 7.0billion euros for its credit arm.Earlier Friday, it reported a rise in sales in the first quarter of this year.Sales revenue rose by 1.9 percent to 13.3 billion euros ($18.4 billion), despiteunfavourable exchange rates, and the number of vehicles sold rose by 7.7 percentfrom the equivalent figures last year.The number of vehicles sold totalled 726,000, with a boost from the group's twomain markets in Europe and in China.PSA Peugeot Citroen said that it had raised sales in Europe by 16.0 percent and inChina by 18.3 percent.But sales fell in Russia and in Latin America.The group estimated that this year the European market, pulling away from a deepdownturn, would grow by about 3.0 percent, and that the Chinese market would riseby 10 percent.But the Latin American market would shrink by 7.0 percent and the Russian marketby 5.0 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today peugeot shareholders approve dongfeng french state\s stakes Arab Today, arab today peugeot shareholders approve dongfeng french state\s stakes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today peugeot shareholders approve dongfeng french state\s stakes Arab Today, arab today peugeot shareholders approve dongfeng french state\s stakes

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday