Can Peugeot Keep Its Gallic Identity?

China to the rescue once again - this time at PSA Peugeot Citroen. Reuters believes the French car maker has approved a survival plan. But it's a contentious one involving the issue of 3 billion euro in new stock. The founding Peugeot family couldn't agree on the best way forward. And the board has now gone against the Chairman by agreeing, in principle, to a capital increase that would give China's Dongfeng a minority stake, along with the French government.