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August 9, 2019Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
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Peugeot maker PSA Group and partner Dongfeng Group have agreed to cut thousands of jobs in China and drop two of their four shared assembly plants, according to a document seen by Reuters, in a last-ditch bid to curb mounting losses as the world’s largest auto market loses steam.
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