Peugeot Family Lose Control Of PSA

Dongfeng electric vehicle. They need design help badly


For over a hundred years, the Peugeot's have run their family business. It has just lost full control of the company, subject to shareholder approval. It will give the Peugeot family, the French government and Chinese firm Dongfeng equal control. PSA has been losing billions of Euros each year.

The good: It will bring a much needed cash