The 50-50 joint venture firm aims to produce 200,000 vehicles and motors a year at a facility in Shenzhen, starting in the second half of 2012, according to a statement from Peugeot Citroen. The French carmaker is looking outside Europe for growth. The venture would produce a line of Citroen DS cars and develop a new line of cars and light trucks. The deal foresees initial investment of euro935 million, it said.
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