PSA Peugeot Citroen's French Media Communication Manager Le Wannian confirmed yesterday that due to the intervention of Dongfeng, the joint venture between PSA and Hafei could not be finalized after signing the memorandum of cooperation for nearly one year. However, he said that cooperation will not be cancelled.
It is reported that at the end of last year, Dongfeng sought to acquire Hafei. Then Dongfeng joined the joint venture negotiations between PSA Peugeot Citroen and Hafei, which made the negotiation content complicated and even the production models of the joint venture company in the future would have to be re-determined.
View related topics: Dongfeng Group announced that it will hold "Hafei"
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