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Dongfeng deal buys PSA time, gives it new blood

LF
By:
Laurence Frost and Gilles Guillaume
February 18, 2014 05:00 AM

PARIS (Reuters) – PSA/Peugeot-Citroen and China's Dongfeng Motor have agreed on a 3 billion euro ($4.1 billion) capital tie-up that buys the French carmaker more time to turn around its business, brings in new management and ends two centuries of family control.

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