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Business

France's PSA working to rebuild China business

Automaker to release upmarket DS brand cars designed for local market

PARIS -- Groupe PSA is accelerating its drive to rebuild its business in China, which has fallen into the doldrums as the major French automaker has been dragged into price-cutting competition. The company, formerly called PSA Peugeot Citroen, will release a sport utility vehicle to tap into growing demand in China, as part of its efforts for a turnaround in the world's largest automobile market.

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