French PSA Group's deal no quick fix for China market woes

After its recent purchase of the Opel and Vauxhall brands, French car manufacturer PSA Group, which is partially owned by Chinese automaker Dongfeng Motor Co, is now under intense pressure due to its lackluster performance in the world.

PSA's revenue fell 1.2 percent last year to 37 billion euros ($39.36 billion) from 37.5 billion euros in 2015 globally.

Industry analysts have warned that PSA's purchase of Opel is likely to be anything but an instant cure for the company's woes in China.