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French carmaker announces site for first Russian plant

French carmaker announces site for first Russian plant

French carmaker PSA Peugeot Citroen said Thursday it plans to build its first factory in Russia in Kaluga, a city southwest of Moscow, to produce mid-sized vehicles.
The automaker has made a priority of expanding in Russia, where mid-sized vehicles account for 60 percent of sales in the market, the company said in a statement.
PSA Peugeot Citroen plans to sell 100,000 Peugeot and Citroen brand vehicles in Russia in 2010, and ramp up to 300,000 a year in subsequent years, it said.


Updated : 2021-04-11 21:22 GMT+08:00