On 23rd November 2015 Banque PSA Finance, CAPSA and China South Group Finance – CSGF – have signed in Shenzhen a cooperation agreement with a view to propose retail finance offers within the Chinese DS network.
CSGF is Changan’s group finance company, Changan being CAPSA’s co-shareholder along with PSA.
As part of this agreement CSGF will sell its own retail finance products within the DS network and will be supported by a dedicated sales team set up by BPF. Thus BPF will bring its expertise in terms of sales management, product innovation and dealer training.
CAPSA, CSGF and BPF therefore join forces to contribute to DS’s sales development in China.
(1) JV between Changan and PSA for manufacturing and sales of DS brand vehicles.
(2) Changan is a Chinese car manufacturer.