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Peugeot launches joint venture to build cars in Algeria

Published Mon, Nov 13, 2017 · 09:50 PM

Algiers

PEUGEOT maker PSA Group signed a joint venture agreement with three Algerian partners on Sunday to build cars in the North African country.

The French carmaker said it would invest around 100 million euros (S$158 million), equalling 49 per cent of the joint venture's capital.

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