France's PSA to sell stake in smaller Chinese tie-up as sales slide

PARIS/BEIJING (Reuters) - Peugeot maker PSA Group said it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner Chongqing Changan Automotive which has struggled with falling sales.The announcement in Paris on Thursday came after Changan also signalled in regulatory filings earlier this month that it was seeking a buyer for its half of the Shenzhen-based venture known as CAPSA, which builds cars under PSA's premium DS brand. PSA's move highlights how global..