Maker of Peugeot and Citroën autos reports 67.9% third-quarter plunge in China vehicle deliveries, offsetting expanding sales globally

City to acquire an idle manufacturing plant from struggling venture whose sales plunged 55% last year as its cars became increasingly marginalized in China’s fiercely competitive auto market

Others posting equally weak performance in China last year include Peugeot’s joint venture with Dongfeng Motor, and Ford’s with Chang’an Auto

Chinese carmaker is one of PSA’s biggest shareholders along with the French state and the Peugeot family

State-owned automaker considers how to monetize its $2.5 billion investment in the face of a global industry slowdown

Move signals business-model shift amid three years of lower sales in China

Groupe PSA sputters in China due to growing competition from Japanese rivals and government’s anti-monopoly policies

Sales plunge 46% for Peugeot and Citroen carmaker amid milder slumps for other foreign brands as small-car buying incentives end