Peugeot Steps on the Chinese Gas to Meet European Engine Needs — Panjiva
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Peugeot Steps on the Chinese Gas to Meet European Engine Needs

China 2970 Cons. Discr. - Autos 1178

Automaker Peugeot SA plans to triple its exports of gasoline engines from its China joint venture. That’s to meet demand in its European factories after local customers changed buying habits to favor gasoline over diesel. It also helps use surplus capacity after Chinese sales fell. Panjiva data shows exports by Dongfeng Peugeot have already climbed 216% on a year earlier in the third quarter, and could rise to $150 million per quarter by mid-2018. Deliveries will likely be made by rail rather than sea.

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