Reuters exclusively reports China’s Dongfeng plans partial sale of stake in Peugeot owner

Reuters reported exclusively that China’s Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, a move that could ease the French carmaker’s planned merger with Fiat Chrysler. Fiat Chrysler and PSA announced in October they would join forces in a 50-50 share merger to create the world’s fourth-largest automaker. Shrinking Dongfeng’s stake could help get the deal past U.S. regulators at a time of heightened trade tensions between Washington and Beijing.