PSA’s joint venture with Dongfeng Motor, Dongfeng Peugeot-Citroen has recorded a profit for the second half of 2005, although it still recorded a loss for the full year, according to The Standard newspaper.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The venture posted unaudited net profit of 270-300 million yuan (US$33-37m) for the second half of the financial year, bringing its full year net loss to 450-380 million yuan.
Dongfeng Peugeot Citroen aims to sell 220,000 vehicles this year, up 57% from 140,000 units last year. It also plans to launch five new models this year and next year.
Engine production capacity has been expanded to about 400,000 units annually.
