PSA readying sale of its stake in Chinese tie-up with Changan
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PARIS/BEIJING (Reuters) - Peugeot maker PSA Group is preparing to sell its 50% stake in a joint venture with Chongqing Changan Automotive , a Chinese partner also exiting the manufacturing tie-up, a spokesman for the French carmaker said on Thursday. Changan had already signalled in regulatory filings from early November that it was seeking a buyer for its half of the venture, which builds cars under PSA's DS brand. It was set up in 2011 and has struggled with falling sales. PSA is also looking..