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October 23, 2006
Peugeot to make scooters in China
Peugeot Motocycles has said it is planning to set up a joint venture in China to relocate part of its scooter production in Asia. Peugeot said it plans to team up with Jinan Qingqi Motorcycles Co., or Quigqi, a unit of diversified conglomerate CSGC.
Financial details weren't disclosed. Peugeot said that since the scooter models that it will continue to manufacture in France are selling well, it won't need to cut permanent jobs here.
Posted by Frank at October 23, 2006 5:32 PM
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