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Quit while behind

5 Nov 2019 By Pete Sweeney

Dongfeng has made some $2 bln from its 2014 rescue of Peugeot, which aims to merge with Fiat Chrysler. The state-owned car giant can cash out and euthanise its stalled JV with Peugeot too. Both moves would be financially wise, if strategically embarrassing, for China and France.

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