Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Seven African countries' economies at risk over Brexit decision

Read more

THE DEBATE

Britain votes out: What next?

Read more

#TECH 24

The 'fintech' revolution

Read more

FRANCE IN FOCUS

A certified 'palace': How hotels strive for excellence

Read more

#THE 51%

In her own image: Women in Art

Read more

REPORTERS

World War I: When northern France was on German time

Read more

REVISITED

Video: Ugandan city still scarred by Lord's Resistance Army atrocities

Read more

MEDIAWATCH

#Brexit sparks a storm on social media

Read more

BUSINESS DAILY

Markets, pound plunge on Brexit vote

Read more

Business

Peugeot eyes Chinese market with new model

Text by News Wires

Latest update : 2010-01-26

French car maker Peugeot introduced a new model designed or the Chinese market. The launch is the first outside France.

AFP - French car maker Peugeot said Monday it was aiming to increase sales in China by 30 percent this year, double the growth rate for the country's whole market.

"Peugeot has ambitions to sell 150,000 cars in place of the 110,000 it sold (in China) last year," company spokesman Jean-Marc Gales told reporters at the launch of its latest model, the 408.

Peugeot hopes the 408 will boost sales in China, the world's biggest car market, as it was planned by French and Chinese designers in order to appeal to the Asian giant's drivers, Gales said.

As well as China the 408 is also being lined up for launch in Russia and Latin America, while the car maker has still to decide whether to market it in Europe.

Date created : 2010-01-26

COMMENT(S)