Retail in Asia

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Peugeot and China Changan Automotive in joint venture

French car giant Peugeot has agreed a new joint venture to manufacture light commercial vehicles and cars in China.

Peugeot has signed an initial agreement with domestic carmaker China Changan Automotive Group. If it goes ahead, the deal will give Peugeot a bigger foothold in the fast-growing Chinese car market.

(Source: BBC News)