As General Motors Co disposes its 7% shareholder interest in France's PSA Peugeot Citroen, the latter said it is currently in talks with Dongfeng about a potential tie-up.
Dongfeng
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PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.