PSA Is Also Building A Plant In Russia

2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-03 21:17

Various car manufacturers are already on site with their own plant in Russia. The French PSA group no longer wanted to stand aside.

The French car maker PSA Peugeot Citroën wants to build its own car plant in Russia. An agreement on this should be signed with the Russian Ministry of Economic Affairs next week, announced the head of the group's Russian business, Stéphane Le Guevel, in Moscow on Thursday. According to the Interfax agency, the factory in Kaluga near Moscow is expected to go into operation in 2010. It should have an annual production of up to 300,000 cars.

Peugeot Citroën is currently still negotiating a participation by the Japanese Mitsubishi, said Le Guevel. But they don't want to take a Russian partner on board. Most likely, Peugeot minivans would be assembled in Kaluga. A final decision has not yet been made, said Le Guevel.

Russia is seen as a rapidly growing car market with great potential. Volkswagen had already opened a 500 million euro factory in Kaluga last November. At the end of December 2007, the Japanese car manufacturer Toyota opened its first own plant in Russia near St. Petersburg. The US company Ford has also been producing there for years. In early December 2007, the French car company Renault took over a blocking minority in the largest Russian car maker Avtowas (Lada). Passenger cars from BMW, General Motors and Kia are built in Kaliningrad. (dpa)