Cars

Mitsubishi and PSA Peugeot-Citroen Set Up Joint Venture in Russia

With Russia set to become Europeâ€™s largest single car market in 2009 overtaking Germany, it comes to no surprise that automakers are getting into all sorts of agreements to build new assembly lines. Today, Mitsubishi Motors Corporation (MMC) and PSA Peugeot CitroÃ«n announced that they signed a joint venture agreement to produce vehicles for all 3 brands (Peugeot, CitroÃ«n and Mitsubishi) in Russia. -Continued

The new assembly plant will be located on the site of Kaluga, 180 km South-West of Moscow and it will produce mid-range SUVs for Mitsubishi, Peugeot and CitroÃ«n brands as well as medium size Peugeot and CitroÃ«n vehicles. with an overall installed capacity of 160,000 vehicles. The foundation stone of the plant that will have an overall annual capacity of 160,000 vehicles will be laid on June 10th 2008 in Kaluga with production set to commence in 2011.

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- Psa Peugeot Citroen Announces Plans To Build New Russian Plant
French car group PSA Peugeot CitroÃ«n announced today that it has notified the Russian authorities of its decision to build a plant in the city of Kaluga, which is located around 180 kilometres or 112 miles southwest of Moscow. The new factory which...

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