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PSA Peugeot Citroen announces new leader in China
Shanghai. December 5 (Gasgoo.com) – PSA Peugeot Citroen announced last evening that it would appoint Claude Vajsman as the CEO of its joint venture in China, effective on January 1, 2008, according to the automaker's press release on its official website.
The announcement came just less than seven months after Denis Duchesne was appointed as CEO of the company's China venture. Claude Vajsman, 56, has been with the company since 1977, and he was currently worked as deputy general manager at Peugeot's China venture,
A company spokesperson said Claude Vajsman would be responsible for PSA Peugeot Citroen's business operations in China. This personnel change, however, has no relation with PSA's failure to form partnership with Hafei Automobile, the spokesman said.
One day earlier, Chinese media reported that PSA Peugeot Citroen's plan to cooperate with Hafei Group has been scrapped; however its Chinese partner Dongfeng Auto Group is in talks with Hafei Group. Dongfeng offers 2 billion yuan ($270.54 million) to take over at least 50 percent stakes of Hafei Group.
The French carmaker currently assembles cars in the central city of Wuhan with Dongfeng Motor Corp, China's No. 3 auto group. However, it is still lagging behind its rivals in sales. Foreign auto giants, such as General Motors and Ford each operate a commercial vehicle as well as a car joint venture in China.
PSA Peugeot Citroen originally planed to make commercial vehicles through partnership with Hafei Group but then failed.
State-owned Hafei, based in northeast China, makes mini-cars, mini-vans, sedans and multi-purpose vehicles. The firm, capable of producing 400,000 vehicles and 450,000 engines per year, sold 231,821 vehicles in 2006.
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