PSA: takes stake in Chinese company FengChe
(CercleFinance.com) - On Monday PSA Group announced that it is taking a stake in the capital of FengChe, a Chinese supplier that is specialised in management and sale services for players in the used car market.
Marc Lechantre, Senior Vice President of the Used Vehicles Business Unit at Groupe PSA, commented: "The FengChe investment is an important next step for Groupe PSA as part of the Push to Pass plan to increase our international footprint and revenues. We are very confident that in FengChe we have found a strong, dynamic partner who we believe will be a major player in the Chinese automotive market."
The integrated solution offered by the Chinese company covers the estimation of vehicles' value, business operations management, sourcing channel management, online and offline sales, inventory management, self-financing and after-sales service.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Marc Lechantre, Senior Vice President of the Used Vehicles Business Unit at Groupe PSA, commented: "The FengChe investment is an important next step for Groupe PSA as part of the Push to Pass plan to increase our international footprint and revenues. We are very confident that in FengChe we have found a strong, dynamic partner who we believe will be a major player in the Chinese automotive market."
The integrated solution offered by the Chinese company covers the estimation of vehicles' value, business operations management, sourcing channel management, online and offline sales, inventory management, self-financing and after-sales service.
Copyright (c) 2019 CercleFinance.com. All rights reserved.