David Pearson and Jeff Bennett, GM Cedes Peugeot to China; French auto maker is in discussions to partner with Dongfeng Motor. Wall Street Journal, Dec 13, 2013.
online.wsj.com/news/articles/SB20001424052702304477704579253444042485388
Quote:
(a) "General Motors Co said it was selling its entire stake in PSA Peugeot Citroën, putting renewed pressure on the troubled French auto maker to secure an investment from a Chinese partner.
(b) "The revolving talks show how China's industrial giants are using their home-market advantage to move outside the country's borders.
"In addition to an expanded manufacturing presence in China, Peugeot and Dongfeng are discussing ways to tap fast-growing auto markets, such as Indonesia and South America.