Peugeot opens third Chinese auto plant as Europe slides

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It had to happen at some point. There was simply no way Peugeot could rely on its traditional European markets if it wanted to survive – May saw car sales in Europe hit a 20-year low, while the company’s Chinese sales grew 33% in the first half of the year. In fact, it is forecast that China will overtake France as Peugeot’s largest market as early as 2015.