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Chinese support for Peugeot and new acquisitions by Google and Facebook


Business Line

Chinese support for Peugeot and new acquisitions by Google and Facebook

Car sales in Europe rose at the start of 2014.

Increases in heavily crisis-hit countries such as Greece, Ireland, Italy and Portugal suggest a recovery is gaining strength after a six year slump.

The theory is that carmakers can now switch their focus from survival to revival.

PSA Peugeot Citroen should have more time and money for a turnaround as it has reached a deal with China’s Dongfeng and the French government.

It’s not only carmakers, who are trying to strengthen their positions with help from other companies. Google and Facebook announced their latest acquisitions this week.

All that in this edition of Business Weekly.

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