Dongfeng Motor

Peugeot and Dongfeng have a joint venture that makes cars in China. Photo: Reuters

Peugeot family approves Dongfeng share deal

PSA Peugeot Citroen’s founding family gave the go-ahead on Monday for a 3 billion euro (HK$31.9 billion) tie-up with China’s Dongfeng Motor that would draw a line under one of France’s oldest industrial dynasties, sources said.