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Pictures | Wed Mar 26, 2014 | 3:44pm EDT

Peugeot signs Dongfeng deal, recovery hurdles remain

From L-R: Robert Peugeot, director of the board of French carmaker PSA Peugeot Citroen, Philippe Varin, outgoing Chief Executive Officer of PSA Peugeot Citroen, Xu Ping, Chairman of Dongfeng Motor Group Company and French Minister of the Economy and Finances Pierre Moscovici attend a news conference in Paris, March 26, 2014. REUTERS/Charles Platiau

From L-R: Robert Peugeot, director of the board of French carmaker PSA Peugeot Citroen, Philippe Varin, outgoing Chief Executive Officer of PSA Peugeot Citroen, Xu Ping, Chairman of Dongfeng Motor Group Company and French Minister of the Economy and...more

From L-R: Robert Peugeot, director of the board of French carmaker PSA Peugeot Citroen, Philippe Varin, outgoing Chief Executive Officer of PSA Peugeot Citroen, Xu Ping, Chairman of Dongfeng Motor Group Company and French Minister of the Economy and Finances Pierre Moscovici attend a news conference in Paris, March 26, 2014. REUTERS/Charles Platiau
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Philippe Varin (2ndR), outgoing Chief Executive Officer of French carmaker PSA Peugeot Citroen, shakes hands with Xu Ping (2ndL), Chairman of Dongfeng Motor Group Company, as French Finance Minister Pierre Moscovici (R) and Robert Peugeot (L) director of the board of French carmaker PSA Peugeot Citroen attend a signing ceremony at the Elysee Palace in Paris March 26, 2014. REUTERS/Benoit Tessier

Philippe Varin (2ndR), outgoing Chief Executive Officer of French carmaker PSA Peugeot Citroen, shakes hands with Xu Ping (2ndL), Chairman of Dongfeng Motor Group Company, as French Finance Minister Pierre Moscovici (R) and Robert Peugeot (L)...more

Philippe Varin (2ndR), outgoing Chief Executive Officer of French carmaker PSA Peugeot Citroen, shakes hands with Xu Ping (2ndL), Chairman of Dongfeng Motor Group Company, as French Finance Minister Pierre Moscovici (R) and Robert Peugeot (L) director of the board of French carmaker PSA Peugeot Citroen attend a signing ceremony at the Elysee Palace in Paris March 26, 2014. REUTERS/Benoit Tessier
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