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China's Dongfeng, French state invest in Peugeot

BEIJING (AP) — Loss-making French carmaker PSA Peugeot Citroen is getting a 3 billion-euro ($4.1 billion) lifeline backed by Chinese investors and the French taxpayers in a deal that will see the company's founding family hand over control after more than two centuries at the helm.

https://apnews.com/general-news-767a01c871a14ad691b838096c927da6
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