Dongfeng Motor Group

Asian stocks follow gains on Wall Street

Taking positive cues from encouraging gains on Wall Street, Asian stocks with an exception to China moved up on Tuesday. Chinese stock market dropped following the jitters emerging from adverse developments in forms of corruption and illegal trading that dampened the market sentiment.

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Renault, Dongfeng finally ink $1.3 billion joint venture after nine years

French automaker Renault and state-owned Dongfeng Motor Group have finally closed a $1.3 billion partnership agreement after almost a decade. The deal allows Renault to sell locally assembled models in China.

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Peugeot looking into Faurecia sale

French car maker Peugeot is looking into a possible sale of top vehicle interiors and emission control technology company Faurecia. Peugeot exiting Faurecia might be necessary to secure another government bailout.

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Peugeot choosing between GM and Dongfeng

Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.

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