Peugeot Citroen recalls 68 cars in China

PSA Peugeot Citroen, French automobile giant, is recalling 68 cars in China due to gearbox flaws, said China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ).

The cars subjected to recall were made in France, including 34 Peugeot 206CC convertibles produced between Feb. 2 to Feb. 27, and 34 Citroen C5R 2.0 sedans manufactured between Jan. 30 and March. 3 this year. With the recall, torque converters and heat exchangers will be replaced for free.

Dongfeng Peugeot Citroen Auto Co, a venture jointly established by French car maker and local Chinese company, has recalled 5,609 units of 206 models made in China between Jan. 22 to Jul. 5 2006.

In 2006, global sales revenue of auto giant slumped 42% to EUR 1.12 billion, while its net profit dropped to EUR 176 million, the lowest reported net profit figures since 1997.