(FILES) This file picture taken on July 2, 2013 shows employees working on the production line in a new plant of Dongfeng Peugeot-Citro¿n Automobile Limited (DPCA) in Wuhan, central China's Hubei province. Shares in French auto group PSA Peugeot Citroen plunged early on October 14, 2013 on rumours that the struggling company will raise new capital, and amid talk it might tie up with a Chinese firm. Media reports suggest that Chinese company Dongfeng and the French state could each subscribe to 1.5 billion euros' worth of shares in PSA. AFP PHOTO- CHINA OUT
PARIS: Shares in French auto group PSA Peugeot Citroen plunged early yesterday on rumours that the struggling company will raise new capital, and amid talk it might tie up with a Chinese firm.
The shares dived 9.42% to 11.20 euros in response to media reports of a capital increase, and in an overall market which was down 0.16%, as measured by the CAC 40 index.
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